1 week Ago By Defense World Staff
Norges Bank bought a new position in GlobalFoundries Inc. ( NASDAQ:GFS – Free Report ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 108,889 shares of the company’s stock, valued at approximately $4,672,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC grew its stake in GlobalFoundries by 153.9% during the fourth quarter.
Signaturefd LLC now owns 678 shares of the company’s stock worth $29,000 after buying an additional 411 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of GlobalFoundries by 206.
4% in the 4th quarter. Blue Trust Inc. now owns 1,106 shares of the company’s stock worth $45,000 after acquiring an additional 745 shares in the last quarter.
SBI Securities Co. Ltd. bought a new stake in GlobalFoundries during the 4th quarter worth approximately $52,000.
Graney & King LLC acquired a new stake in GlobalFoundries during the 4th quarter valued at $68,000. Finally, US Bancorp DE raised its position in GlobalFoundries by 187.2% in the 4th quarter.
US Bancorp DE now owns 3,498 shares of the company’s stock valued at $150,000 after purchasing an additional 2,280 shares during the last quarter. Analyst Ratings Changes GFS has been the topic of several research analyst reports. Wedbush restated an “outperform” rating and set a $60.
00 target price on shares of GlobalFoundries in a report on Wednesday, February 12th. Needham & Company LLC raised shares of GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Wednesday, February 12th.
Morgan Stanley boosted their target price on shares of GlobalFoundries from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th.
Finally, UBS Group decreased their price target on shares of GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th.
Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.64.
GlobalFoundries Stock Performance GFS stock opened at $36.18 on Thursday. GlobalFoundries Inc.
has a twelve month low of $29.77 and a twelve month high of $61.98.
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 company has a market cap of $20.00 billion, a P/E ratio of -75.
37, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54.
The business’s fifty day moving average is $38.69 and its 200-day moving average is $40.76.
GlobalFoundries ( NASDAQ:GFS – Get Free Report ) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.38 EPS 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%. Equities research analysts forecast that GlobalFoundries Inc.
will post 1.31 EPS for the current year. About GlobalFoundries ( Free Report ) 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. Recommended Stories Five stocks we like better than GlobalFoundries Should You Add These Warren Buffett Stocks to Your Portfolio? Quantum Computing: The $6.5 Billion Opportunity You Can’t Ignore How to find penny stocks to invest and trade Are Tariffs Threatening Disney’s Comeback Story? Industrial Products Stocks Investing Is Alphabet a Generational Buying Opportunity at These Levels? Want to see what other hedge funds are holding GFS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for GlobalFoundries Inc. ( NASDAQ:GFS – Free Report ). Receive News & Ratings for GlobalFoundries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GlobalFoundries and related companies with MarketBeat.
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