GlobalFoundries Inc. (NASDAQ:GFS) Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 339,699 shares of the company's stock after selling 14,188 shares during the quarter. Legal & General Group Plc owned about 0.06% of GlobalFoundries worth $14,576,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in GlobalFoundries by 153.9% during the 4th quarter. Signaturefd LLC now owns 678 shares of the company's stock worth $29,000 after acquiring an additional 411 shares in the last quarter. Blue Trust Inc. lifted its holdings in GlobalFoundries by 206.4% during the 4th quarter. Blue Trust Inc. now owns 1,106 shares of the company's stock worth $45,000 after buying an additional 745 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in GlobalFoundries in the fourth quarter valued at approximately $52,000. Graney & King LLC acquired a new position in shares of GlobalFoundries in the 4th quarter valued at $68,000. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of GlobalFoundries by 305.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,102 shares of the company's stock worth $90,000 after purchasing an additional 1,583 shares during the last quarter.

GlobalFoundries Trading Up 0.3 %

Shares of GlobalFoundries stock traded up $0.08 during trading hours on Friday, hitting $31.70. The company's stock had a trading volume of 1,605,556 shares, compared to its average volume of 1,852,317. 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 market capitalization of $17.53 billion, a PE ratio of -66.04, a P/E/G ratio of 1.42 and a beta of 1.54. The business has a fifty day moving average of $37.72 and a 200 day moving average of $40.41. GlobalFoundries Inc. has a 1-year low of $29.77 and a 1-year high of $61.98.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share (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%. As a group, equities analysts forecast that GlobalFoundries Inc. will post 1.31 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Needham & Company LLC upgraded shares of GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price target for the company in a research note on Wednesday, February 12th. Morgan Stanley increased their target price on shares of GlobalFoundries from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Citigroup lowered their price objective on shares of GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. UBS Group decreased their price objective on GlobalFoundries from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Finally, Wedbush reiterated an "outperform" rating and issued a $60.00 price target on shares of GlobalFoundries in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $48.85.

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.