GlobalFoundries Inc. (NASDAQ:GFS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have received an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $49.64.

A number of research firms recently weighed in on GFS. Morgan Stanley boosted their price target on shares of GlobalFoundries from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. Wedbush reissued an “outperform” rating and issued a $60.00 target price on shares of GlobalFoundries in a research report on Wednesday, February 12th. 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. Finally, UBS Group decreased their target price on shares of GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th.

Institutional Trading of GlobalFoundries

A number of institutional investors and hedge funds have recently bought and sold shares of GFS. Signaturefd LLC increased its position in shares of GlobalFoundries by 153.9% during the fourth quarter. Signaturefd LLC now owns 678 shares of the company’s stock worth $29,000 after buying an additional 411 shares during the period. Blue Trust Inc. lifted 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 buying an additional 745 shares during the period. SBI Securities Co. Ltd. acquired a new position in GlobalFoundries in the fourth quarter valued at approximately $52,000. Advisors Asset Management Inc. boosted its holdings in shares of GlobalFoundries by 41.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,593 shares of the company’s stock worth $64,000 after buying an additional 463 shares in the last quarter. Finally, Graney & King LLC acquired a new stake in shares of GlobalFoundries during the 4th quarter worth approximately $68,000.

GlobalFoundries Stock Performance

GlobalFoundries stock opened at $31.54 on Monday. GlobalFoundries has a 12-month low of $31.50 and a 12-month high of $61.98. The stock has a 50-day simple moving average of $39.52 and a 200 day simple moving average of $40.99. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $17.44 billion, a price-to-earnings ratio of -65.71, a P/E/G ratio of 1.42 and a beta of 1.57.

GlobalFoundries (NASDAQ:GFS) last released 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%. On average, research analysts anticipate that GlobalFoundries will post 1.31 earnings per share 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.