Analysts Set GlobalFoundries Inc. (NASDAQ:GFS) Target Price at $49.64

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have earned an average rating of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $49.64.

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

Institutional Trading of GlobalFoundries

Several large investors have recently modified their holdings of the business. Signaturefd LLC lifted its holdings in GlobalFoundries by 153.9% in the 4th quarter. Signaturefd LLC now owns 678 shares of the company’s stock worth $29,000 after buying an additional 411 shares during the period. Blue Trust Inc. lifted its stake in GlobalFoundries by 206.4% in the fourth quarter. Blue Trust Inc. now owns 1,106 shares of the company’s stock worth $45,000 after acquiring an additional 745 shares during the period. SBI Securities Co. Ltd. purchased a new stake in GlobalFoundries in the fourth quarter worth $52,000. Graney & King LLC purchased a new position in GlobalFoundries during the 4th quarter valued at $68,000. Finally, Advisors Asset Management Inc. raised its holdings in GlobalFoundries by 41.0% in 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 in the last quarter.

GlobalFoundries Price Performance

Shares of NASDAQ GFS opened at $31.54 on Monday. The firm has a market capitalization of $17.44 billion, a P/E ratio of -65.71, a P/E/G ratio of 1.42 and a beta of 1.54. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The stock’s 50-day simple moving average is $39.52 and its two-hundred day simple moving average is $41.02. GlobalFoundries has a twelve month low of $28.34 and a twelve month high of $61.98.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data 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%. As a group, equities analysts anticipate that GlobalFoundries will post 1.31 EPS for the current fiscal year.

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.