GlobalFoundries Inc. (NASDAQ:GFS) Holdings Raised by NEOS Investment Management LLC

NEOS Investment Management LLC grew its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 20.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,950 shares of the company’s stock after acquiring an additional 6,587 shares during the period. NEOS Investment Management LLC’s holdings in GlobalFoundries were worth $1,671,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC raised its position 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 acquiring an additional 411 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of GlobalFoundries by 1.7% in the 4th quarter. American Century Companies Inc. now owns 25,949 shares of the company’s stock valued at $1,113,000 after purchasing an additional 438 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in GlobalFoundries by 41.0% in the third quarter. Advisors Asset Management Inc. now owns 1,593 shares of the company’s stock worth $64,000 after purchasing an additional 463 shares in the last quarter. Private Advisor Group LLC increased its position in GlobalFoundries by 7.5% during the fourth quarter. Private Advisor Group LLC now owns 6,698 shares of the company’s stock worth $287,000 after buying an additional 468 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in GlobalFoundries by 1.5% during the third quarter. Royal London Asset Management Ltd. now owns 35,275 shares of the company’s stock valued at $1,420,000 after buying an additional 510 shares in the last quarter.

GlobalFoundries Stock Down 3.0 %

Shares of GFS stock opened at $36.89 on Friday. GlobalFoundries Inc. has a one year low of $35.85 and a one year high of $61.98. 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 stock has a fifty day moving average price of $40.23 and a 200 day moving average price of $41.16. The stock has a market cap of $20.40 billion, a P/E ratio of -76.85, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57.

GlobalFoundries (NASDAQ:GFS) 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 positive return on equity of 6.05% and a negative net margin of 3.93%. Analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Needham & Company LLC raised 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. Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of GlobalFoundries in a research report on Wednesday, February 12th. 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 research note on Wednesday, February 12th. Finally, UBS Group lowered their target price 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 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.64.

About GlobalFoundries

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.