GlobalFoundries Inc. (NASDAQ:GFS) Holdings Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 38,287 shares of the company’s stock after acquiring an additional 950 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in GlobalFoundries were worth $1,653,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of GlobalFoundries by 153.9% during the 4th quarter. Signaturefd LLC now owns 678 shares of the company’s stock valued at $29,000 after buying an additional 411 shares during the last quarter. American Century Companies Inc. lifted its stake in GlobalFoundries by 1.7% in the fourth quarter. American Century Companies Inc. now owns 25,949 shares of the company’s stock valued at $1,113,000 after acquiring an additional 438 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of GlobalFoundries by 7.5% during the 4th 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 last quarter. Royal London Asset Management Ltd. raised its holdings in shares of GlobalFoundries by 1.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 35,275 shares of the company’s stock valued at $1,420,000 after purchasing an additional 510 shares in the last quarter. Finally, Wahed Invest LLC lifted its stake in shares of GlobalFoundries by 37.4% in the 3rd quarter. Wahed Invest LLC now owns 2,386 shares of the company’s stock valued at $96,000 after purchasing an additional 650 shares during the last quarter.

GlobalFoundries Stock Performance

NASDAQ:GFS opened at $35.98 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 2.11. The firm’s 50-day moving average is $39.97 and its 200-day moving average is $41.12. GlobalFoundries Inc. has a 52-week low of $35.51 and a 52-week high of $61.98. The company has a market cap of $19.89 billion, a price-to-earnings ratio of -74.96, a PEG ratio of 1.42 and a beta of 1.57.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly 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 negative net margin of 3.93% and a positive return on equity of 6.05%. Equities research analysts anticipate that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

GFS has been the topic of several analyst reports. UBS Group lowered their target price on shares of GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley raised their price objective 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 reaffirmed an “outperform” rating and set a $60.00 target price on shares of GlobalFoundries in a research report on Wednesday, February 12th. Finally, Needham & Company LLC raised shares of 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. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, GlobalFoundries presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.64.

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.