SBI Securities Co. Ltd. Takes Position in GlobalFoundries Inc. (NASDAQ:GFS)

SBI Securities Co. Ltd. acquired a new stake in GlobalFoundries Inc. (NASDAQ:GFS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,219 shares of the company’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its stake in GlobalFoundries by 41.0% during the third quarter. Advisors Asset Management Inc. now owns 1,593 shares of the company’s stock worth $64,000 after acquiring an additional 463 shares during the period. Private Advisor Group LLC lifted its holdings in GlobalFoundries by 7.5% in the fourth quarter. Private Advisor Group LLC now owns 6,698 shares of the company’s stock worth $287,000 after purchasing an additional 468 shares during the period. Royal London Asset Management Ltd. grew its position in GlobalFoundries by 1.5% in the 3rd quarter. Royal London Asset Management Ltd. now owns 35,275 shares of the company’s stock valued at $1,420,000 after buying an additional 510 shares in the last quarter. US Bancorp DE grew its position in GlobalFoundries by 77.0% in the 3rd quarter. US Bancorp DE now owns 1,218 shares of the company’s stock valued at $49,000 after buying an additional 530 shares in the last quarter. Finally, Wahed Invest LLC increased its stake in GlobalFoundries by 37.4% during the 3rd quarter. Wahed Invest LLC now owns 2,386 shares of the company’s stock valued at $96,000 after buying an additional 650 shares during the period.

Analyst Ratings Changes

GFS has been the subject of several recent analyst reports. 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 report on Wednesday, February 12th. Needham & Company LLC upgraded GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, February 12th. Wedbush reissued an “outperform” rating and issued a $60.00 price objective on shares of GlobalFoundries in a research note on Wednesday, February 12th. Finally, Morgan Stanley raised 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. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, GlobalFoundries currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.64.

GlobalFoundries Price Performance

Shares of GFS opened at $39.74 on Tuesday. The business’s 50-day moving average is $41.37 and its 200-day moving average is $41.71. 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 $21.93 billion, a price-to-earnings ratio of -82.79, a P/E/G ratio of 1.42 and a beta of 1.57. GlobalFoundries Inc. has a fifty-two week low of $35.85 and a fifty-two week high of $61.98.

GlobalFoundries (NASDAQ:GFS) last issued its 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%. Equities research analysts expect that GlobalFoundries Inc. will post 1.31 EPS 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.