Banco Bilbao Vizcaya Argentaria S.A. Has $1.22 Million Stake in GlobalFoundries Inc. (NASDAQ:GFS)

Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 2.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 28,351 shares of the company’s stock after acquiring an additional 683 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in GlobalFoundries were worth $1,218,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GFS. Signaturefd LLC raised its stake in shares of GlobalFoundries by 153.9% in the 4th 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. Blue Trust Inc. raised its stake 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 position in shares of GlobalFoundries in the 4th quarter valued at approximately $52,000. Graney & King LLC bought a new position in shares of GlobalFoundries in the 4th quarter valued at approximately $68,000. Finally, Covestor Ltd raised its stake in shares of GlobalFoundries by 309.8% in the 4th quarter. Covestor Ltd now owns 1,680 shares of the company’s stock valued at $72,000 after acquiring an additional 1,270 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GFS shares. UBS Group cut their price objective on GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley raised their price objective on GlobalFoundries from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. 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 research note on Wednesday, February 12th. Citigroup dropped their price target on GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of GlobalFoundries in a research report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.85.

GlobalFoundries Stock Performance

GFS opened at $35.29 on Monday. The stock has a market cap of $19.51 billion, a PE ratio of -73.52, a P/E/G ratio of 1.42 and a beta of 1.54. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $61.98. The stock’s 50 day simple moving average is $36.68 and its 200-day simple moving average is $40.20.

GlobalFoundries (NASDAQ:GFS) last released 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 negative net margin of 3.93% and a positive return on equity of 6.05%. Sell-side analysts forecast that GlobalFoundries Inc. will post 1.31 EPS for the current 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.