GlobalFoundries Inc. (NASDAQ:GFS) Stock Holdings Lifted by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its position in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 104.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,852 shares of the company's stock after acquiring an additional 53,509 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in GlobalFoundries were worth $4,220,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale lifted its stake in shares of GlobalFoundries by 4.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,773 shares of the company's stock valued at $357,000 after acquiring an additional 340 shares during the last quarter. CWM LLC increased its holdings in GlobalFoundries by 38.6% during the 2nd quarter. CWM LLC now owns 1,339 shares of the company's stock valued at $68,000 after purchasing an additional 373 shares during the period. Pacer Advisors Inc. lifted its holdings in GlobalFoundries by 1.7% in the 2nd quarter. Pacer Advisors Inc. now owns 26,359 shares of the company's stock worth $1,333,000 after buying an additional 444 shares during the period. Royal London Asset Management Ltd. increased its stake in shares of GlobalFoundries by 1.3% during the second quarter. Royal London Asset Management Ltd. now owns 34,765 shares of the company's stock valued at $1,758,000 after buying an additional 450 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in GlobalFoundries by 41.0% in the third quarter. Advisors Asset Management Inc. now owns 1,593 shares of the company's stock worth $64,000 after acquiring an additional 463 shares during the period.

GlobalFoundries Stock Performance

GFS traded up $0.40 on Friday, reaching $43.25. The company had a trading volume of 868,291 shares, compared to its average volume of 2,357,306. The stock has a 50-day moving average price of $40.86 and a 200-day moving average price of $45.74. The company has a quick ratio of 1.76, a current ratio of 2.42 and a debt-to-equity ratio of 0.19. GlobalFoundries Inc. has a 1 year low of $35.85 and a 1 year high of $62.61. The stock has a market capitalization of $23.86 billion, a PE ratio of 32.28, a P/E/G ratio of 10.56 and a beta of 1.53.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.33 by $0.08. GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. The business had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same period last year, the firm earned $0.47 EPS. The company's quarterly revenue was down 6.1% compared to the same quarter last year. As a group, research analysts forecast that GlobalFoundries Inc. will post 1.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $40.00 price objective on shares of GlobalFoundries in a research report on Wednesday, November 6th. Robert W. Baird dropped their price target on shares of GlobalFoundries from $63.00 to $50.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. UBS Group began coverage on GlobalFoundries in a research report on Wednesday, November 20th. They issued a "neutral" rating and a $47.00 price objective on the stock. Needham & Company LLC restated a "hold" rating on shares of GlobalFoundries in a research report on Wednesday, November 6th. Finally, Morgan Stanley lowered GlobalFoundries from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $53.00 to $43.00 in a research note on Monday, October 28th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $50.21.

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.