Trexquant Investment LP Decreases Stock Holdings in GlobalFoundries Inc. (NASDAQ:GFS)

Trexquant Investment LP trimmed its position in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 88.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,875 shares of the company's stock after selling 57,962 shares during the quarter. Trexquant Investment LP's holdings in GlobalFoundries were worth $338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of GlobalFoundries during the fourth quarter valued at approximately $52,000. SG Americas Securities LLC purchased a new stake in GlobalFoundries during the 4th quarter valued at $1,748,000. US Bancorp DE boosted its stake in GlobalFoundries by 187.2% during the 4th quarter. US Bancorp DE now owns 3,498 shares of the company's stock valued at $150,000 after purchasing an additional 2,280 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of GlobalFoundries by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 912,986 shares of the company's stock worth $39,176,000 after purchasing an additional 16,921 shares in the last quarter. Finally, Polianta Ltd purchased a new position in shares of GlobalFoundries in the fourth quarter worth $1,317,000.

Wall Street Analyst Weigh In

GFS has been the topic of several recent analyst reports. Citigroup dropped 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. Morgan Stanley lifted their price target 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. Needham & Company LLC upgraded shares of GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price objective on the stock in a research report on Wednesday, February 12th. UBS Group cut their target price 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. Finally, Wedbush reissued an "outperform" rating and set 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 given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.85.

GlobalFoundries Price Performance

GlobalFoundries stock traded up $0.08 during mid-day trading on Friday, hitting $31.70. The stock had a trading volume of 1,605,556 shares, compared to its average volume of 1,852,317. The firm's 50 day moving average is $37.72 and its 200 day moving average is $40.41. GlobalFoundries Inc. has a one year low of $29.77 and a one year high of $61.98. The firm has a market capitalization of $17.53 billion, a P/E ratio of -66.04, a P/E/G ratio of 1.42 and a beta of 1.54. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings results 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, sell-side analysts forecast that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

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.