Nomura Holdings Inc. trimmed its position in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 51.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,542 shares of the company's stock after selling 26,298 shares during the period. Nomura Holdings Inc.'s holdings in GlobalFoundries were worth $1,053,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of GFS. Signaturefd LLC boosted its stake in shares of GlobalFoundries by 153.9% in the 4th quarter. Signaturefd LLC now owns 678 shares of the company's stock valued at $29,000 after purchasing an additional 411 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of GlobalFoundries by 206.4% in the 4th quarter. Blue Trust Inc. now owns 1,106 shares of the company's stock valued at $45,000 after purchasing an additional 745 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of GlobalFoundries in the 4th quarter valued at approximately $52,000. Graney & King LLC acquired a new stake in shares of GlobalFoundries in the 4th quarter valued at approximately $68,000. Finally, Covestor Ltd boosted its stake in shares of GlobalFoundries by 309.8% in 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 Trading Down 2.5%
GlobalFoundries stock traded down $0.93 during mid-day trading on Friday, hitting $36.55. 1,490,190 shares of the stock were exchanged, compared to its average volume of 1,825,596. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $61.98. The firm's fifty day simple moving average is $35.75 and its two-hundred day simple moving average is $39.82. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of -76.14, a PEG ratio of 1.42 and a beta of 1.54.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business earned $0.31 EPS. The company's revenue was up 2.3% compared to the same quarter last year. Analysts forecast that GlobalFoundries Inc. will post 1.31 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on GFS. Cantor Fitzgerald restated a "neutral" rating on shares of GlobalFoundries in a research note on Monday, May 5th. Morgan Stanley dropped their price objective on shares of GlobalFoundries from $42.00 to $38.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Needham & Company LLC upgraded shares of GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price objective for the company in a report on Wednesday, February 12th. UBS Group dropped their price objective on shares of GlobalFoundries from $45.00 to $37.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, Wedbush reiterated an "outperform" rating and issued a $60.00 price objective on shares of GlobalFoundries in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $47.09.
Get Our Latest Stock Analysis on GlobalFoundries
GlobalFoundries Profile
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Free Report)
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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