GlobalFoundries Inc. (NASDAQ:GFS) Stake Raised by Barclays PLC

by · The Cerbat Gem

Barclays PLC lifted its holdings in GlobalFoundries Inc. (NASDAQ:GFS – Free Report) by 64.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 511,668 shares of the company’s stock after purchasing an additional 200,059 shares during the period. Barclays PLC’s holdings in GlobalFoundries were worth $21,956,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GFS. Signaturefd LLC grew its position in GlobalFoundries by 153.9% in the fourth quarter. Signaturefd LLC now owns 678 shares of the company’s stock worth $29,000 after buying an additional 411 shares during the last quarter. Blue Trust Inc. raised its position in shares of GlobalFoundries by 206.4% during the fourth quarter. Blue Trust Inc. now owns 1,106 shares of the company’s stock worth $45,000 after purchasing an additional 745 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of GlobalFoundries during the fourth quarter valued at $52,000. Graney & King LLC purchased a new position in GlobalFoundries in the 4th quarter worth about $68,000. Finally, Covestor Ltd raised its holdings in GlobalFoundries by 309.8% during the 4th quarter. Covestor Ltd now owns 1,680 shares of the company’s stock worth $72,000 after buying an additional 1,270 shares during the period.

GlobalFoundries Price Performance

NASDAQ GFS opened at $31.70 on Friday. The company has a 50 day moving average price of $37.72 and a two-hundred day moving average price of $40.42. GlobalFoundries Inc. has a 12-month low of $29.77 and a 12-month high of $61.98. The stock has a market capitalization of $17.53 billion, a PE ratio of -66.04, a price-to-earnings-growth 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.

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%. As a group, equities analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on GFS shares. Wedbush reiterated an “outperform” rating and issued a $60.00 target price on shares of GlobalFoundries in a report on Wednesday, February 12th. UBS Group decreased their price objective on shares of GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating for the company 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 note 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 research report on Wednesday, February 12th. Finally, Citigroup lowered their price target on GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.85.

Read Our Latest Stock Report on GlobalFoundries

GlobalFoundries Company 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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