GlobalFoundries Inc. (NASDAQ:GFS) Receives Consensus Rating of "Moderate Buy" from Analysts

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven analysts that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $47.09.

GFS has been the topic of several research reports. UBS Group cut their target price on GlobalFoundries from $45.00 to $37.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Cantor Fitzgerald restated a "neutral" rating on shares of GlobalFoundries in a research note on Monday, May 5th. Morgan Stanley decreased 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, May 7th. Finally, Citigroup reduced their price target on shares of GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, April 11th.

Hedge Funds Weigh In On GlobalFoundries

A number of large investors have recently bought and sold shares of GFS. FMR LLC grew its holdings in GlobalFoundries by 7.5% in the fourth quarter. FMR LLC now owns 53,096,556 shares of the company's stock valued at $2,278,373,000 after purchasing an additional 3,721,153 shares during the period. Pacer Advisors Inc. grew its stake in GlobalFoundries by 8,540.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company's stock valued at $91,265,000 after acquiring an additional 2,444,018 shares during the period. Analog Century Management LP purchased a new stake in GlobalFoundries in the 4th quarter worth $50,298,000. Alyeska Investment Group L.P. acquired a new position in GlobalFoundries during the first quarter worth $40,493,000. Finally, Woodline Partners LP purchased a new position in GlobalFoundries during the first quarter valued at $33,504,000.

GlobalFoundries Stock Down 2.7%

GlobalFoundries stock traded down $1.00 during mid-day trading on Friday, reaching $36.60. 1,576,483 shares of the company were exchanged, compared to its average volume of 1,813,910. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.77 and a current ratio of 2.51. The firm has a market cap of $20.24 billion, a P/E ratio of -107.64, a PEG ratio of 1.18 and a beta of 1.50. The business has a fifty day moving average of $36.17 and a 200 day moving average of $39.16. GlobalFoundries has a 12-month low of $29.77 and a 12-month high of $61.98.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. GlobalFoundries had a negative net margin of 2.77% and a positive return on equity of 6.28%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the firm posted $0.31 EPS. GlobalFoundries's revenue was up 2.3% on a year-over-year basis. 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.