Quantinno Capital Management LP Purchases New Holdings in GlobalFoundries Inc. (NASDAQ:GFS)

Quantinno Capital Management LP purchased a new stake in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,861 shares of the company's stock, valued at approximately $423,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in GlobalFoundries in the fourth quarter valued at $1,748,000. Blue Trust Inc. boosted its position in GlobalFoundries by 206.4% during the 4th 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. KBC Group NV bought a new stake in GlobalFoundries in the 4th quarter worth $338,000. Pacer Advisors Inc. increased its position in shares of GlobalFoundries by 6.5% in the fourth quarter. Pacer Advisors Inc. now owns 28,616 shares of the company's stock valued at $1,228,000 after acquiring an additional 1,749 shares during the period. Finally, China Universal Asset Management Co. Ltd. raised its stake in shares of GlobalFoundries by 28.6% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,994 shares of the company's stock valued at $386,000 after acquiring an additional 1,998 shares during the last quarter.

Analyst Upgrades and Downgrades

GFS has been the subject of a number of research analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $60.00 price target on shares of GlobalFoundries in a research note on Wednesday, February 12th. Morgan Stanley lowered their price target on GlobalFoundries from $42.00 to $38.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Citigroup lowered their price target on GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of GlobalFoundries in a research report on Monday, May 5th. Finally, UBS Group lowered their target price on GlobalFoundries from $45.00 to $37.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $47.09.

GlobalFoundries Price Performance

Shares of GlobalFoundries stock traded down $0.61 during trading hours on Friday, hitting $36.30. The company's stock had a trading volume of 237,112 shares, compared to its average volume of 1,811,133. The company has a market cap of $20.07 billion, a PE ratio of -75.62, a PEG ratio of 1.42 and a beta of 1.54. 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 business has a 50 day moving average price of $35.60 and a two-hundred day moving average price of $39.65. GlobalFoundries Inc. has a 12-month low of $29.77 and a 12-month high of $61.98.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.06. GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. The company had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same period in the previous year, the firm earned $0.31 EPS. The firm's revenue was up 2.3% compared to the same quarter last year. Analysts expect 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.