42,000 Shares in GlobalFoundries Inc. (NASDAQ:GFS) Bought by OPTIMAS CAPITAL Ltd

OPTIMAS CAPITAL Ltd purchased a new position in GlobalFoundries Inc. (NASDAQ:GFS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 42,000 shares of the company’s stock, valued at approximately $1,802,000. GlobalFoundries comprises about 2.4% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 19th biggest holding.

A number of other institutional investors also recently made changes to their positions in GFS. Signaturefd LLC increased its stake in GlobalFoundries by 153.9% in the fourth quarter. Signaturefd LLC now owns 678 shares of the company’s stock valued at $29,000 after purchasing an additional 411 shares during the last quarter. Blue Trust Inc. increased its stake in GlobalFoundries by 206.4% in the fourth quarter. Blue Trust Inc. now owns 1,106 shares of the company’s stock valued at $45,000 after purchasing an additional 745 shares during the last quarter. US Bancorp DE increased its stake in 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 purchasing an additional 530 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in GlobalFoundries in the fourth quarter valued at $52,000. Finally, Advisors Asset Management Inc. increased its stake in GlobalFoundries by 41.0% in the third quarter. Advisors Asset Management Inc. now owns 1,593 shares of the company’s stock valued at $64,000 after purchasing an additional 463 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. UBS Group dropped their target price on 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 upped their target price on GlobalFoundries from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. Wedbush reissued an “outperform” rating and set a $60.00 price target on shares of GlobalFoundries in a research report on Wednesday, February 12th. Finally, Needham & Company LLC raised GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.64.

GlobalFoundries Price Performance

Shares of NASDAQ GFS opened at $38.74 on Tuesday. GlobalFoundries Inc. has a 1-year low of $35.85 and a 1-year high of $61.98. The business has a 50-day moving average of $40.81 and a 200-day moving average of $41.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.57. The company has a market capitalization of $21.38 billion, a price-to-earnings ratio of -80.71, a PEG ratio of 1.42 and a beta of 1.57.

GlobalFoundries (NASDAQ:GFS) last issued 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 negative net margin of 3.93% and a positive return on equity of 6.05%. On average, equities analysts anticipate that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

About GlobalFoundries

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.