First Trust Advisors LP Has $133.81 Million Stock Holdings in GlobalFoundries Inc. (NASDAQ:GFS)

First Trust Advisors LP raised its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,118,293 shares of the company's stock after buying an additional 40,527 shares during the quarter. First Trust Advisors LP owned about 0.57% of GlobalFoundries worth $133,806,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GFS. SBI Securities Co. Ltd. acquired a new position in shares of GlobalFoundries during the 4th quarter valued at about $52,000. SG Americas Securities LLC acquired a new stake in shares of GlobalFoundries during the 4th quarter worth approximately $1,748,000. US Bancorp DE raised its position in shares of GlobalFoundries by 187.2% during the 4th quarter. US Bancorp DE now owns 3,498 shares of the company's stock valued at $150,000 after buying an additional 2,280 shares during the period. Geode Capital Management LLC lifted its holdings in GlobalFoundries by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 912,986 shares of the company's stock valued at $39,176,000 after acquiring an additional 16,921 shares during the last quarter. Finally, Polianta Ltd purchased a new position in GlobalFoundries in the fourth quarter worth approximately $1,317,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GFS. UBS Group lowered their price target on GlobalFoundries from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Wedbush restated an "outperform" rating and issued a $60.00 price objective on shares of GlobalFoundries in a report on Wednesday, February 12th. 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 research report on Wednesday, February 12th. Morgan Stanley upped their price target on GlobalFoundries from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 12th. Finally, Citigroup reduced their target price on shares of GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $48.85.

GlobalFoundries Price Performance

NASDAQ GFS traded up $0.19 during trading hours on Friday, reaching $35.23. The company's stock had a trading volume of 390,605 shares, compared to its average volume of 1,850,681. GlobalFoundries Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $61.98. The stock has a market cap of $19.48 billion, a PE ratio of -73.50, a PEG ratio of 1.42 and a beta of 1.54. The company's 50-day moving average is $36.89 and its two-hundred day moving average is $40.23. 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 (NASDAQ:GFS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.07). GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. Analysts forecast that GlobalFoundries Inc. will post 1.31 EPS for the current year.

About GlobalFoundries

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.