Gotham Asset Management LLC Has $3.61 Million Holdings in GlobalFoundries Inc. (NASDAQ:GFS)

Gotham Asset Management LLC decreased its position in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 22.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,158 shares of the company's stock after selling 23,817 shares during the quarter. Gotham Asset Management LLC's holdings in GlobalFoundries were worth $3,611,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Treasurer of the State of North Carolina lifted its holdings in GlobalFoundries by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 43,238 shares of the company's stock worth $1,855,000 after acquiring an additional 280 shares in the last quarter. Signaturefd LLC raised its position 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. Mariner LLC lifted its holdings in shares of GlobalFoundries by 5.5% during the 4th quarter. Mariner LLC now owns 8,111 shares of the company's stock valued at $348,000 after purchasing an additional 420 shares in the last quarter. American Century Companies Inc. grew its position in shares of GlobalFoundries by 1.7% in the 4th quarter. American Century Companies Inc. now owns 25,949 shares of the company's stock valued at $1,113,000 after purchasing an additional 438 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of GlobalFoundries by 7.5% in the 4th quarter. Private Advisor Group LLC now owns 6,698 shares of the company's stock valued at $287,000 after purchasing an additional 468 shares during the period.

GlobalFoundries Stock Down 0.4%

Shares of NASDAQ:GFS traded down $0.16 during midday trading on Tuesday, hitting $38.97. The stock had a trading volume of 243,974 shares, compared to its average volume of 1,864,778. 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 business's 50-day simple moving average is $35.77 and its 200-day simple moving average is $39.91. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $61.98. The company has a market cap of $21.55 billion, a P/E ratio of -81.21, a PEG ratio of 1.42 and a beta of 1.54.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the business earned $0.31 EPS. GlobalFoundries's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts forecast that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GFS. 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 report on Friday, April 11th. Morgan Stanley lowered 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. UBS Group cut their price target on GlobalFoundries from $45.00 to $37.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Needham & Company LLC raised GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price objective for the company in a research report on Wednesday, February 12th. Finally, Cantor Fitzgerald reissued a "neutral" rating on shares of GlobalFoundries in a research report on Monday, May 5th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $47.09.

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.