Natixis Purchases 51,572 Shares of GlobalFoundries Inc. (NASDAQ:GFS)

Natixis lifted its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 56.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,223 shares of the company's stock after buying an additional 51,572 shares during the period. Natixis' holdings in GlobalFoundries were worth $6,146,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GFS. Treasurer of the State of North Carolina increased 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 valued at $1,855,000 after purchasing an additional 280 shares during the last quarter. Signaturefd LLC grew its position in GlobalFoundries by 153.9% during the fourth quarter. Signaturefd LLC now owns 678 shares of the company's stock valued at $29,000 after buying an additional 411 shares during the period. Mariner LLC grew its position in GlobalFoundries by 5.5% during the fourth quarter. Mariner LLC now owns 8,111 shares of the company's stock valued at $348,000 after buying an additional 420 shares during the period. American Century Companies Inc. increased its holdings in GlobalFoundries by 1.7% during the fourth quarter. American Century Companies Inc. now owns 25,949 shares of the company's stock valued at $1,113,000 after buying an additional 438 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in GlobalFoundries by 7.5% in the fourth quarter. Private Advisor Group LLC now owns 6,698 shares of the company's stock worth $287,000 after acquiring an additional 468 shares during the period.

Analysts Set New Price Targets

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

GlobalFoundries Price Performance

Shares of GFS traded up $0.25 during mid-day trading on Friday, hitting $35.29. 1,427,879 shares of the stock were exchanged, compared to its average volume of 1,854,619. 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 company has a market cap of $19.51 billion, a PE ratio of -73.52, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54. GlobalFoundries Inc. has a 52-week low of $29.77 and a 52-week high of $61.98. The firm has a 50-day moving average of $36.89 and a two-hundred day moving average of $40.23.

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 analysts' consensus estimates of $0.45 by ($0.07). GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. On average, equities analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

GlobalFoundries 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.