1,583 Shares in GlobalFoundries Inc. (NASDAQ:GFS) Bought by Graney & King LLC

Graney & King LLC acquired a new stake in GlobalFoundries Inc. (NASDAQ:GFS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,583 shares of the company’s stock, valued at approximately $68,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC raised its stake in GlobalFoundries by 2.4% during the 3rd quarter. FMR LLC now owns 49,375,403 shares of the company’s stock valued at $1,987,360,000 after acquiring an additional 1,160,403 shares during the last quarter. State Street Corp raised its stake in shares of GlobalFoundries by 8.3% during the third quarter. State Street Corp now owns 1,275,554 shares of the company’s stock worth $51,341,000 after purchasing an additional 98,084 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of GlobalFoundries by 16.0% during the third quarter. Citigroup Inc. now owns 628,259 shares of the company’s stock worth $25,287,000 after purchasing an additional 86,740 shares during the period. Charles Schwab Investment Management Inc. grew its position in GlobalFoundries by 22.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 262,872 shares of the company’s stock valued at $11,280,000 after buying an additional 48,380 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in GlobalFoundries in the 3rd quarter valued at $8,361,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GFS shares. Needham & Company LLC raised shares of GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Wednesday, February 12th. UBS Group lowered their price objective on GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Morgan Stanley increased their target price on GlobalFoundries from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. Finally, Wedbush restated an “outperform” rating and issued a $60.00 price target on shares of GlobalFoundries in a research note on Wednesday, February 12th. Seven 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 $49.64.

GlobalFoundries Trading Down 1.8 %

Shares of GlobalFoundries stock opened at $39.01 on Wednesday. The business has a 50 day moving average price of $40.47 and a 200 day moving average price of $41.22. The company has a market capitalization of $21.52 billion, a P/E ratio of -81.27, a P/E/G ratio of 1.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.57. GlobalFoundries Inc. has a 1 year low of $35.85 and a 1 year high of $61.98.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a negative net margin of 3.93% and a positive return on equity of 6.05%. Sell-side 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.