Tower Research Capital LLC TRC Buys 12,142 Shares of GlobalFoundries Inc. (NASDAQ:GFS)

Tower Research Capital LLC TRC raised its stake in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 121.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,155 shares of the company's stock after acquiring an additional 12,142 shares during the quarter. Tower Research Capital LLC TRC's holdings in GlobalFoundries were worth $951,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of GlobalFoundries by 7.5% in the fourth quarter. FMR LLC now owns 53,096,556 shares of the company's stock valued at $2,278,373,000 after acquiring an additional 3,721,153 shares in the last quarter. First Trust Advisors LP raised its position in shares of GlobalFoundries by 1.3% in the fourth quarter. First Trust Advisors LP now owns 3,118,293 shares of the company's stock valued at $133,806,000 after buying an additional 40,527 shares in the last quarter. Invesco Ltd. boosted its stake in shares of GlobalFoundries by 10.5% in the fourth quarter. Invesco Ltd. now owns 2,331,811 shares of the company's stock valued at $100,058,000 after buying an additional 221,731 shares during the period. Geode Capital Management LLC boosted its stake in shares of GlobalFoundries by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 912,986 shares of the company's stock valued at $39,176,000 after buying an additional 16,921 shares during the period. Finally, Barclays PLC grew its position in GlobalFoundries by 64.2% during the fourth quarter. Barclays PLC now owns 511,668 shares of the company's stock worth $21,956,000 after buying an additional 200,059 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GFS shares. Wedbush reissued an "outperform" rating and set a $60.00 target price on shares of GlobalFoundries in a report on Wednesday, February 12th. UBS Group reduced their price objective on shares of GlobalFoundries from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley boosted their target price on shares of GlobalFoundries from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. Citigroup reduced their price target on shares of GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Needham & Company LLC upgraded shares of GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price objective for the company in a research 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. Based on data from MarketBeat.com, GlobalFoundries currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.85.

GlobalFoundries Trading Down 0.2 %

GlobalFoundries stock traded down $0.06 during trading hours on Monday, hitting $35.23. The stock had a trading volume of 1,208,265 shares, compared to its average volume of 1,859,010. The stock has a market cap of $19.48 billion, a price-to-earnings ratio of -73.39, a P/E/G ratio of 1.42 and a beta of 1.54. 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 business's 50 day simple moving average is $36.68 and its 200-day simple moving average is $40.20. GlobalFoundries Inc. has a one year low of $29.77 and a one year high of $61.98.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.38 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%. On average, equities analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal 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.