Graney & King LLC Purchases Shares of 1,583 GlobalFoundries Inc. (NASDAQ:GFS)

Graney & King LLC acquired a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,583 shares of the company’s stock, valued at approximately $68,000.

A number of other institutional investors have also recently bought and sold shares of GFS. Sei Investments Co. boosted its holdings in shares of GlobalFoundries by 7.6% in the 4th quarter. Sei Investments Co. now owns 9,495 shares of the company’s stock valued at $407,000 after purchasing an additional 667 shares during the last quarter. American Century Companies Inc. boosted its holdings in GlobalFoundries by 1.7% in the fourth quarter. American Century Companies Inc. now owns 25,949 shares of the company’s stock valued at $1,113,000 after acquiring an additional 438 shares during the last quarter. Royal London Asset Management Ltd. grew its position in GlobalFoundries by 17.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 41,503 shares of the company’s stock valued at $1,781,000 after acquiring an additional 6,228 shares during the period. Harvest Fund Management Co. Ltd increased its stake in GlobalFoundries by 28.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 32,525 shares of the company’s stock worth $1,396,000 after acquiring an additional 7,118 shares during the last quarter. Finally, OPTIMAS CAPITAL Ltd purchased a new position in shares of GlobalFoundries in the 4th quarter worth about $1,802,000.

GlobalFoundries Price Performance

GlobalFoundries stock opened at $39.01 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.57. The business has a 50 day simple moving average of $40.47 and a 200 day simple moving average of $41.22. GlobalFoundries Inc. has a one year low of $35.85 and a one year high of $61.98. The company has a market capitalization of $21.52 billion, a PE ratio of -81.27, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%. On average, sell-side analysts forecast that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

GFS has been the subject of a number of research analyst reports. UBS Group dropped their target price on shares of GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating for the company in a research 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 for the company in a research report on Wednesday, February 12th. Wedbush reiterated an “outperform” rating and issued a $60.00 price target on shares of GlobalFoundries in a report on Wednesday, February 12th. Finally, Morgan Stanley boosted their price objective on shares of GlobalFoundries from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, GlobalFoundries presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.64.

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.