ProShare Advisors LLC Has $27.37 Million Position in GlobalFoundries Inc. (NASDAQ:GFS)

ProShare Advisors LLC raised its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 637,867 shares of the company's stock after buying an additional 109,722 shares during the quarter. ProShare Advisors LLC owned about 0.12% of GlobalFoundries worth $27,371,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GFS. Signaturefd LLC grew its position in shares of GlobalFoundries by 153.9% in the fourth quarter. Signaturefd LLC now owns 678 shares of the company's stock valued at $29,000 after purchasing an additional 411 shares during the period. Blue Trust Inc. grew its position in shares of GlobalFoundries by 206.4% in the fourth quarter. Blue Trust Inc. now owns 1,106 shares of the company's stock valued at $45,000 after purchasing an additional 745 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of GlobalFoundries in the fourth quarter valued at $52,000. Graney & King LLC purchased a new stake in shares of GlobalFoundries in the fourth quarter valued at $68,000. Finally, Covestor Ltd boosted its holdings in GlobalFoundries by 309.8% in the fourth quarter. Covestor Ltd now owns 1,680 shares of the company's stock valued at $72,000 after acquiring an additional 1,270 shares during the last quarter.

Analyst Upgrades and Downgrades

GFS has been the topic of several research reports. Morgan Stanley cut their price objective on GlobalFoundries from $42.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Citigroup lowered their price target on GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Needham & Company LLC raised GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 target price on the stock in a report on Wednesday, February 12th. Wedbush reissued an "outperform" rating and set a $60.00 target price on shares of GlobalFoundries in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald reissued a "neutral" rating on shares of GlobalFoundries in a 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $47.09.

GlobalFoundries Stock Down 0.0%

Shares of GFS traded down $0.01 during trading hours on Tuesday, reaching $39.12. The company's stock had a trading volume of 1,310,737 shares, compared to its average volume of 1,871,827. The company has a 50 day moving average of $35.82 and a two-hundred day moving average of $39.91. 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 $21.63 billion, a price-to-earnings ratio of -81.50, a P/E/G ratio of 1.42 and a beta of 1.54. GlobalFoundries Inc. has a 1-year low of $29.77 and a 1-year high of $61.98.

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

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.