Marshall Wace LLP lessened its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 53.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 819,127 shares of the company's stock after selling 923,149 shares during the period. Marshall Wace LLP owned approximately 0.15% of GlobalFoundries worth $35,149,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Treasurer of the State of North Carolina lifted its position in shares of GlobalFoundries by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 43,238 shares of the company's stock worth $1,855,000 after purchasing an additional 280 shares during the last quarter. Signaturefd LLC raised its holdings in GlobalFoundries by 153.9% in the 4th quarter. Signaturefd LLC now owns 678 shares of the company's stock valued at $29,000 after acquiring an additional 411 shares in the last quarter. Mariner LLC raised its holdings in GlobalFoundries by 5.5% in the 4th quarter. Mariner LLC now owns 8,111 shares of the company's stock valued at $348,000 after acquiring an additional 420 shares in the last quarter. American Century Companies Inc. raised its holdings in GlobalFoundries by 1.7% in the 4th quarter. American Century Companies Inc. now owns 25,949 shares of the company's stock valued at $1,113,000 after acquiring an additional 438 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in GlobalFoundries by 7.5% in the 4th quarter. Private Advisor Group LLC now owns 6,698 shares of the company's stock valued at $287,000 after acquiring an additional 468 shares in the last quarter.
GlobalFoundries Trading Up 5.9 %
GFS traded up $1.96 during mid-day trading on Thursday, reaching $35.07. The stock had a trading volume of 579,682 shares, compared to its average volume of 1,852,859. The stock has a market capitalization of $19.39 billion, a P/E ratio of -73.14, a P/E/G ratio of 1.42 and a beta of 1.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 2.11. The firm's fifty day simple moving average is $37.06 and its two-hundred day simple moving average is $40.26. GlobalFoundries Inc. has a 52 week low of $29.77 and a 52 week high of $61.98.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.07). GlobalFoundries had a negative net margin of 3.93% and a positive return on equity of 6.05%. On average, equities analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current year.
Analysts Set New Price Targets
GFS has been the subject of several recent research reports. UBS Group cut their price target on GlobalFoundries from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Citigroup cut their price target on GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wedbush reaffirmed an "outperform" rating and issued a $60.00 price target on shares of GlobalFoundries in a report on Wednesday, February 12th. Needham & Company LLC raised GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 target price for the company in a report on Wednesday, February 12th. Finally, Morgan Stanley increased their target price on GlobalFoundries from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $48.85.
Get Our Latest Stock Analysis on GlobalFoundries
About GlobalFoundries
(
Free Report)
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.
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