GlobalFoundries Inc. (NASDAQ:GFS) Shares Bought by X Square Capital LLC

X Square Capital LLC raised its stake in GlobalFoundries Inc. (NASDAQ:GFS) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 24,813 shares of the company’s stock after purchasing an additional 484 shares during the period. X Square Capital LLC’s holdings in GlobalFoundries were worth $1,065,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GFS. Norges Bank acquired a new stake in shares of GlobalFoundries in the fourth quarter valued at $4,672,000. NEOS Investment Management LLC lifted its position in GlobalFoundries by 20.4% in the 4th quarter. NEOS Investment Management LLC now owns 38,950 shares of the company’s stock worth $1,671,000 after buying an additional 6,587 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in GlobalFoundries by 2.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 38,287 shares of the company’s stock worth $1,653,000 after buying an additional 950 shares during the last quarter. Graney & King LLC acquired a new position in shares of GlobalFoundries during the 4th quarter valued at about $68,000. Finally, Sei Investments Co. lifted its position in GlobalFoundries by 7.6% during the 4th quarter. Sei Investments Co. now owns 9,495 shares of the company’s stock worth $407,000 after acquiring an additional 667 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GFS. Needham & Company LLC upgraded 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. Wedbush reissued an “outperform” rating and set a $60.00 price objective on shares of GlobalFoundries in a report on Wednesday, February 12th. Morgan Stanley upped their target price on shares of GlobalFoundries from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. Finally, UBS Group decreased their target price on GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, GlobalFoundries currently has an average rating of “Moderate Buy” and an average target price of $49.64.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $38.02 on Friday. 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 Inc. has a 12 month low of $35.85 and a 12 month high of $61.98. The stock has a market capitalization of $21.02 billion, a P/E ratio of -79.21, a PEG ratio of 1.42 and a beta of 1.57. The firm’s 50 day moving average is $40.35 and its 200 day moving average is $41.18.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data 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 negative net margin of 3.93% and a positive return on equity of 6.05%. On average, sell-side analysts anticipate that GlobalFoundries Inc. will post 1.31 earnings per share for the current 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.