GlobalFoundries Inc. (NASDAQ:GFS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $49.64.

A number of brokerages recently weighed in on GFS. Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of GlobalFoundries in a report on Wednesday, February 12th. Needham & Company LLC upgraded GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Wednesday, February 12th. UBS Group decreased their target price on GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Finally, Morgan Stanley upped their price target on GlobalFoundries from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th.

GlobalFoundries Stock Down 8.2 %

GFS stock opened at $31.54 on Monday. The stock’s 50 day moving average is $39.52 and its 200-day moving average is $40.99. GlobalFoundries has a twelve month low of $31.50 and a twelve month high of $61.98. The firm has a market capitalization of $17.44 billion, a PE ratio of -65.71, a P/E/G ratio of 1.42 and a beta of 1.57. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.14.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of GlobalFoundries by 153.9% in the fourth quarter. Signaturefd LLC now owns 678 shares of the company’s stock worth $29,000 after buying an additional 411 shares in the last quarter. Blue Trust Inc. raised 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 valued at $45,000 after acquiring an additional 745 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of GlobalFoundries during the 4th quarter valued at about $52,000. Advisors Asset Management Inc. boosted 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 valued at $64,000 after acquiring an additional 463 shares during the last quarter. Finally, Graney & King LLC purchased a new position in shares of GlobalFoundries during the fourth quarter worth about $68,000.

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.