Deutsche Bank AG grew its position in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 42.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 659,647 shares of the company's stock after buying an additional 196,290 shares during the quarter. Deutsche Bank AG owned approximately 0.12% of GlobalFoundries worth $28,305,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Signaturefd LLC boosted its holdings in shares of GlobalFoundries by 153.9% during the fourth quarter. Signaturefd LLC now owns 678 shares of the company's stock worth $29,000 after purchasing an additional 411 shares during the period. Blue Trust Inc. grew its holdings in shares of 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 acquiring an additional 745 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of GlobalFoundries during the 4th quarter valued at $52,000. Graney & King LLC acquired a new position in shares of GlobalFoundries in the fourth quarter worth $68,000. Finally, Covestor Ltd raised its holdings in shares of GlobalFoundries by 309.8% during the fourth quarter. Covestor Ltd now owns 1,680 shares of the company's stock worth $72,000 after acquiring an additional 1,270 shares in the last quarter.
Wall Street Analyst Weigh In
Several research firms have commented on GFS. Wedbush reissued an "outperform" rating and issued a $60.00 target price on shares of GlobalFoundries in a research report on Wednesday, February 12th. UBS Group lowered their target price on shares of 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 reaffirmed a "neutral" rating on shares of GlobalFoundries in a research report on Monday, May 5th. Needham & Company LLC raised GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price objective on the stock in a report on Wednesday, February 12th. Finally, Citigroup reduced their target price on GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, GlobalFoundries currently has an average rating of "Moderate Buy" and a consensus target price of $47.09.
Get Our Latest Analysis on GFS
GlobalFoundries Stock Up 1.7%
Shares of GFS stock opened at $39.70 on Wednesday. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $61.98. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The firm has a market cap of $21.95 billion, a PE ratio of -82.71, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54. The stock has a 50 day moving average of $35.65 and a 200-day moving average of $39.87.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, beating 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 firm 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 earned $0.31 EPS. The business's revenue was up 2.3% on a year-over-year basis. On average, equities analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current year.
GlobalFoundries Company 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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