Aquatic Capital Management LLC Has $4 Million Stake in GlobalFoundries Inc. (NASDAQ:GFS)

Aquatic Capital Management LLC cut its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,304 shares of the company's stock after selling 44,196 shares during the period. Aquatic Capital Management LLC's holdings in GlobalFoundries were worth $4,004,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of GFS. FMR LLC lifted its stake 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 buying an additional 3,721,153 shares during the period. Analog Century Management LP acquired a new position in GlobalFoundries in the fourth quarter valued at about $50,298,000. Adage Capital Partners GP L.L.C. acquired a new position in GlobalFoundries in the fourth quarter valued at about $16,091,000. Invesco Ltd. lifted its stake in GlobalFoundries by 10.5% in the fourth quarter. Invesco Ltd. now owns 2,331,811 shares of the company's stock valued at $100,058,000 after buying an additional 221,731 shares during the period. Finally, Barclays PLC lifted its stake in GlobalFoundries by 64.2% in the fourth quarter. Barclays PLC now owns 511,668 shares of the company's stock valued at $21,956,000 after buying an additional 200,059 shares during the period.

GlobalFoundries Stock Up 0.3 %

GFS stock traded up $0.11 during mid-day trading on Thursday, reaching $35.18. The company had a trading volume of 1,611,359 shares, compared to its average volume of 1,862,477. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.57. The stock has a 50 day simple moving average of $36.12 and a two-hundred day simple moving average of $40.09. The company has a market capitalization of $19.45 billion, a price-to-earnings ratio of -73.29, a PEG ratio of 1.42 and a beta of 1.54. GlobalFoundries Inc. has a 52 week low of $29.77 and a 52 week high of $61.98.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.07). GlobalFoundries had a negative net margin of 3.93% and a positive return on equity of 6.05%. As a group, equities analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. UBS Group lowered their price target on GlobalFoundries from $45.00 to $37.00 and set a "neutral" rating for the company in a report on Tuesday. Wedbush restated an "outperform" rating and issued a $60.00 price target on shares of GlobalFoundries in a report on Wednesday, February 12th. Morgan Stanley increased 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. Citigroup lowered their price target on GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Needham & Company LLC upgraded 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. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $48.23.

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.