GlobalFoundries Inc. (NASDAQ:GFS) Shares Purchased by Maytus Capital Management LLC

Maytus Capital Management LLC raised its position in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 50.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,000 shares of the company's stock after purchasing an additional 43,000 shares during the quarter. GlobalFoundries accounts for 1.9% of Maytus Capital Management LLC's portfolio, making the stock its 25th largest position. Maytus Capital Management LLC's holdings in GlobalFoundries were worth $5,492,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Treasurer of the State of North Carolina boosted its stake in shares of GlobalFoundries by 0.7% in 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 buying an additional 280 shares during the last quarter. Signaturefd LLC boosted its position in 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 in the last quarter. Mariner LLC boosted its position in GlobalFoundries by 5.5% during the fourth quarter. Mariner LLC now owns 8,111 shares of the company's stock worth $348,000 after purchasing an additional 420 shares in the last quarter. American Century Companies Inc. boosted its position in GlobalFoundries by 1.7% during the fourth quarter. American Century Companies Inc. now owns 25,949 shares of the company's stock worth $1,113,000 after purchasing an additional 438 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in GlobalFoundries by 7.5% during the fourth quarter. Private Advisor Group LLC now owns 6,698 shares of the company's stock worth $287,000 after purchasing an additional 468 shares in the last quarter.

GlobalFoundries Price Performance

Shares of GlobalFoundries stock remained flat at $39.54 during mid-day trading on Friday. The company's stock had a trading volume of 1,391,550 shares, compared to its average volume of 1,874,650. The company has a fifty day moving average price of $35.72 and a 200-day moving average price of $39.87. 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 capitalization of $21.86 billion, a PE ratio of -82.37, a PEG ratio of 1.42 and a beta of 1.54. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.14.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.06. GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. The business had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The business's revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts expect that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on GFS. Cantor Fitzgerald reiterated a "neutral" rating on shares of GlobalFoundries in a research report on Monday, May 5th. UBS Group lowered their price target on GlobalFoundries from $45.00 to $37.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Wedbush reiterated an "outperform" rating and set a $60.00 price target on shares of GlobalFoundries in a research report on Wednesday, February 12th. Needham & Company LLC upgraded GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price target on the stock in a research report on Wednesday, February 12th. Finally, Citigroup lowered their price target on GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. 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.com, GlobalFoundries has a consensus rating of "Moderate Buy" and an average 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.