533,957 Shares in GlobalFoundries Inc. (NASDAQ:GFS) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 533,957 shares of the company's stock, valued at approximately $22,912,000. BNP Paribas Financial Markets owned about 0.10% of GlobalFoundries as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GFS. Signaturefd LLC raised its stake in 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 last quarter. Blue Trust Inc. raised its position in shares of GlobalFoundries by 206.4% in the 4th quarter. Blue Trust Inc. now owns 1,106 shares of the company's stock worth $45,000 after acquiring an additional 745 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of GlobalFoundries in the 4th quarter valued at about $52,000. Graney & King LLC acquired a new position in shares of GlobalFoundries in the 4th quarter valued at about $68,000. Finally, Covestor Ltd boosted its position in shares of GlobalFoundries by 309.8% during the 4th quarter. Covestor Ltd now owns 1,680 shares of the company's stock valued at $72,000 after purchasing an additional 1,270 shares in the last quarter.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS opened at $36.39 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. The stock has a market cap of $20.12 billion, a PE ratio of -75.81, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54. The stock's fifty day simple moving average is $35.64 and its two-hundred day simple moving average is $39.87. GlobalFoundries Inc. has a 1-year low of $29.77 and a 1-year high of $61.98.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.06. GlobalFoundries had a negative net margin of 3.93% and a positive return on equity of 6.05%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. As a group, analysts forecast that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GFS. Needham & Company LLC raised GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price target on the stock in a research note on Wednesday, February 12th. UBS Group cut their target price on shares of GlobalFoundries from $45.00 to $37.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of GlobalFoundries in a research note on Monday. Morgan Stanley dropped their price objective on shares of GlobalFoundries from $42.00 to $38.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, Wedbush restated an "outperform" rating and issued a $60.00 target price on shares of GlobalFoundries in a research note on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.33.

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.

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