GlobalFoundries Inc. (NASDAQ:GFS) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP cut its holdings in GlobalFoundries Inc. (NASDAQ:GFS) by 21.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,175 shares of the company’s stock after selling 15,587 shares during the quarter. Quantbot Technologies LP’s holdings in GlobalFoundries were worth $2,496,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of GlobalFoundries in the fourth quarter valued at approximately $52,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in GlobalFoundries by 1,935.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,210 shares of the company’s stock worth $5,120,000 after purchasing an additional 120,960 shares in the last quarter. SG Americas Securities LLC purchased a new stake in GlobalFoundries during the fourth quarter worth $1,748,000. Weiss Asset Management LP purchased a new stake in GlobalFoundries during the third quarter worth $8,361,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in GlobalFoundries by 104.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 104,852 shares of the company’s stock worth $4,220,000 after purchasing an additional 53,509 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have commented on GFS. UBS Group decreased their target price on GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley boosted their target price on GlobalFoundries from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Wedbush reiterated an “outperform” rating and set a $60.00 target price on shares of GlobalFoundries in a research report on Wednesday, February 12th. Finally, Needham & Company LLC upgraded GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.64.

GlobalFoundries Stock Performance

GlobalFoundries stock opened at $38.63 on Friday. The firm has a market capitalization of $21.31 billion, a P/E ratio of -80.48, a PEG ratio of 1.42 and a beta of 1.57. The stock has a fifty day moving average price of $40.54 and a 200 day moving average price of $41.24. GlobalFoundries Inc. has a 52 week low of $35.85 and a 52 week high of $61.98. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Tuesday, February 11th. The company reported $0.38 EPS for the quarter, missing the consensus estimate 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 anticipate that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

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.