OPTIMAS CAPITAL Ltd Purchases New Holdings in GlobalFoundries Inc. (NASDAQ:GFS)

OPTIMAS CAPITAL Ltd acquired a new stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) during the 4th quarter, Holdings Channel.com reports. The fund acquired 42,000 shares of the company’s stock, valued at approximately $1,802,000. GlobalFoundries makes up approximately 2.4% of OPTIMAS CAPITAL Ltd’s investment portfolio, making the stock its 19th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC raised its stake in GlobalFoundries by 153.9% during the fourth quarter. Signaturefd LLC now owns 678 shares of the company’s stock valued at $29,000 after buying an additional 411 shares in the last quarter. Blue Trust Inc. raised its position in shares of GlobalFoundries by 206.4% during the 4th quarter. Blue Trust Inc. now owns 1,106 shares of the company’s stock worth $45,000 after purchasing an additional 745 shares during the period. US Bancorp DE raised its position in shares of GlobalFoundries by 77.0% during the 3rd quarter. US Bancorp DE now owns 1,218 shares of the company’s stock worth $49,000 after purchasing an additional 530 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of GlobalFoundries during the 4th quarter worth approximately $52,000. Finally, Advisors Asset Management Inc. raised its position in shares of GlobalFoundries by 41.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,593 shares of the company’s stock worth $64,000 after purchasing an additional 463 shares during the period.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. UBS Group dropped their price target 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 increased their price target 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 price target on shares of GlobalFoundries in a research report on Wednesday, February 12th. Finally, 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 report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, GlobalFoundries presently has an average rating of “Moderate Buy” and an average price target of $49.64.

GlobalFoundries Stock Performance

Shares of NASDAQ GFS opened at $38.74 on Tuesday. The stock has a fifty day moving average price of $40.81 and a two-hundred day moving average price of $41.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 2.11. The firm has a market cap of $21.38 billion, a P/E ratio of -80.71, a PEG ratio of 1.42 and a beta of 1.57. GlobalFoundries Inc. has a 1 year low of $35.85 and a 1 year high of $61.98.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share (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%. Research analysts forecast 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.