GlobalFoundries (NASDAQ:GFS) Sets New 52-Week Low - Time to Sell?

Shares of GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $35.77 and last traded at $35.97, with a volume of 101221 shares traded. The stock had previously closed at $36.89.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wedbush reiterated an "outperform" rating and issued a $60.00 target price on shares of GlobalFoundries in a research note on Wednesday, February 12th. Morgan Stanley upped their price objective on GlobalFoundries from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. Needham & Company LLC raised GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price target on the stock in a research report on Wednesday, February 12th. Finally, UBS Group cut their price target on GlobalFoundries from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, GlobalFoundries currently has an average rating of "Moderate Buy" and an average price target of $49.64.

GlobalFoundries Stock Performance

The firm has a market capitalization of $17.44 billion, a PE ratio of -65.71, a PEG ratio of 1.42 and a beta of 1.57. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $39.72 and a 200 day moving average of $41.04.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. Equities research analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current year.

Institutional Trading of GlobalFoundries

Several institutional investors and hedge funds have recently made changes to their positions in GFS. FMR LLC increased its stake in GlobalFoundries by 7.5% in the fourth quarter. FMR LLC now owns 53,096,556 shares of the company's stock valued at $2,278,373,000 after acquiring an additional 3,721,153 shares during the last quarter. Analog Century Management LP bought a new position in shares of GlobalFoundries during the 4th quarter valued at about $50,298,000. BNP Paribas Financial Markets bought a new position in shares of GlobalFoundries during the 4th quarter valued at about $22,912,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of GlobalFoundries during the 4th quarter valued at about $16,091,000. Finally, Balyasny Asset Management L.P. bought a new stake in GlobalFoundries in the 4th quarter worth approximately $11,778,000.

GlobalFoundries Company Profile

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.