Shade Tree Advisors LLC Buys Shares of 118,750 GlobalFoundries Inc. (NASDAQ:GFS)

Shade Tree Advisors LLC bought a new stake in GlobalFoundries Inc. (NASDAQ:GFS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 118,750 shares of the company’s stock, valued at approximately $5,096,000. GlobalFoundries comprises about 5.1% of Shade Tree Advisors LLC’s investment portfolio, making the stock its 3rd biggest position.

Several other institutional investors also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. increased its holdings in GlobalFoundries by 1.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 109,123 shares of the company’s stock valued at $4,682,000 after purchasing an additional 1,321 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its position in shares of GlobalFoundries by 28.6% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,994 shares of the company’s stock worth $386,000 after buying an additional 1,998 shares during the period. Pacer Advisors Inc. grew its position in shares of GlobalFoundries by 6.5% during the 4th quarter. Pacer Advisors Inc. now owns 28,616 shares of the company’s stock worth $1,228,000 after buying an additional 1,749 shares during the period. KBC Group NV bought a new stake in shares of GlobalFoundries in the 4th quarter valued at about $338,000. Finally, Blue Trust Inc. raised its position 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 during the period.

GlobalFoundries Trading Up 6.3 %

NASDAQ GFS opened at $40.10 on Wednesday. GlobalFoundries Inc. has a 52 week low of $35.85 and a 52 week high of $61.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.76 and a current ratio of 2.42. The stock’s 50 day moving average price is $42.48 and its two-hundred day moving average price is $42.40. The stock has a market capitalization of $22.13 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 8.23 and a beta of 1.56.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data 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 net margin of 10.95% and a return on equity of 6.87%. As a group, analysts anticipate that GlobalFoundries Inc. will post 1.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GFS shares. Needham & Company LLC restated a “hold” rating on shares of GlobalFoundries in a report on Wednesday, November 6th. Cantor Fitzgerald reissued a “neutral” rating and issued a $40.00 price target on shares of GlobalFoundries in a report on Wednesday, November 6th. Citigroup dropped their price objective on GlobalFoundries from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Morgan Stanley cut GlobalFoundries from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $53.00 to $43.00 in a research note on Monday, October 28th. Finally, Evercore ISI lowered their price target on GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.21.

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.