GlobalFoundries Inc. (NASDAQ:GFS) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 505,879 shares of the company's stock after selling 90,513 shares during the period. Dimensional Fund Advisors LP owned about 0.09% of GlobalFoundries worth $21,710,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GFS. FMR LLC grew its holdings in shares of GlobalFoundries by 7.5% during the 4th quarter. FMR LLC now owns 53,096,556 shares of the company's stock worth $2,278,373,000 after purchasing an additional 3,721,153 shares during the period. Invesco Ltd. increased its holdings in shares of GlobalFoundries by 10.5% in the 4th quarter. Invesco Ltd. now owns 2,331,811 shares of the company's stock valued at $100,058,000 after acquiring an additional 221,731 shares during the last quarter. Barclays PLC raised its stake in GlobalFoundries by 64.2% during the fourth quarter. Barclays PLC now owns 511,668 shares of the company's stock worth $21,956,000 after acquiring an additional 200,059 shares during the period. Greenland Capital Management LP acquired a new stake in GlobalFoundries in the fourth quarter worth $6,785,000. Finally, Shade Tree Advisors LLC bought a new position in GlobalFoundries in the 4th quarter worth about $5,096,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Needham & Company LLC raised shares of GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price target for the company in a report on Wednesday, February 12th. UBS Group dropped their price objective on GlobalFoundries from $45.00 to $37.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley reduced their target price on GlobalFoundries from $42.00 to $38.00 and set an "equal weight" rating for the company in a report on Wednesday. Cantor Fitzgerald restated a "neutral" rating on shares of GlobalFoundries in a report on Monday, May 5th. Finally, Wedbush reissued an "outperform" rating and issued a $60.00 price target on shares of GlobalFoundries in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $48.33.

GlobalFoundries Price Performance

GFS traded up $0.45 during midday trading on Friday, hitting $36.39. The stock had a trading volume of 991,530 shares, compared to its average volume of 1,859,169. The business has a fifty day moving average of $35.64 and a 200 day moving average of $39.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 2.11. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $61.98. The company has a market cap of $20.12 billion, a P/E ratio of -75.81, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54.

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

GlobalFoundries 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.