Polianta Ltd bought a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 30,700 shares of the company's stock, valued at approximately $1,317,000. GlobalFoundries accounts for about 0.6% of Polianta Ltd's holdings, making the stock its 25th largest holding.
A number of other institutional investors and hedge funds have also bought and sold shares of GFS. Allspring Global Investments Holdings LLC acquired a new stake in GlobalFoundries in the 3rd quarter worth about $34,000. US Bancorp DE raised its position in shares of GlobalFoundries by 77.0% in the third quarter. US Bancorp DE now owns 1,218 shares of the company's stock valued at $49,000 after buying an additional 530 shares in the last quarter. AM Squared Ltd bought a new stake in shares of GlobalFoundries during the 3rd quarter valued at $60,000. Advisors Asset Management Inc. grew its stake in GlobalFoundries by 41.0% during the third quarter. Advisors Asset Management Inc. now owns 1,593 shares of the company's stock worth $64,000 after buying an additional 463 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in GlobalFoundries in the 3rd quarter valued at about $66,000.
GlobalFoundries Trading Up 5.3 %
Shares of GFS stock traded up $2.17 on Monday, hitting $43.10. The company had a trading volume of 2,501,244 shares, compared to its average volume of 1,205,948. GlobalFoundries Inc. has a twelve month low of $35.85 and a twelve month high of $61.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.76 and a current ratio of 2.42. The firm has a market cap of $23.78 billion, a P/E ratio of 32.16, a P/E/G ratio of 8.70 and a beta of 1.57. The stock's 50-day moving average is $43.08 and its two-hundred day moving average is $43.89.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. GlobalFoundries had a net margin of 10.95% and a return on equity of 6.87%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business earned $0.47 EPS. The company's revenue was down 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that GlobalFoundries Inc. will post 1.22 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
GFS has been the subject of a number of recent analyst reports. Citigroup cut their price target on shares of GlobalFoundries from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Susquehanna reduced their target price on GlobalFoundries from $50.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lowered their price target on GlobalFoundries from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of GlobalFoundries in a research note on Wednesday, November 6th. Finally, UBS Group assumed coverage on GlobalFoundries in a research note on Wednesday, November 20th. They set a "neutral" rating and a $47.00 target price for the company. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, GlobalFoundries currently has a consensus rating of "Hold" and a consensus target price of $50.21.
View Our Latest Report on GFS
GlobalFoundries Profile
(
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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