GlobalFoundries Inc. (NASDAQ:GFS) Shares Purchased by Crestline Management LP

Crestline Management LP boosted its position in GlobalFoundries Inc. (NASDAQ:GFS) by 141.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,928 shares of the company’s stock after acquiring an additional 14,589 shares during the period. Crestline Management LP’s holdings in GlobalFoundries were worth $1,070,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Balyasny Asset Management L.P. acquired a new stake in shares of GlobalFoundries during the fourth quarter worth $11,778,000. BNP Paribas Financial Markets purchased a new position in GlobalFoundries during the fourth quarter worth about $22,912,000. ArrowMark Colorado Holdings LLC boosted its stake in GlobalFoundries by 5.7% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,473,170 shares of the company’s stock worth $106,124,000 after buying an additional 132,634 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in GlobalFoundries by 2.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 28,351 shares of the company’s stock valued at $1,218,000 after buying an additional 683 shares during the period. Finally, Analog Century Management LP acquired a new position in shares of GlobalFoundries during the 4th quarter valued at about $50,298,000.

GlobalFoundries Trading Up 1.8 %

NASDAQ GFS opened at $35.94 on Friday. The stock has a market cap of $19.87 billion, a P/E ratio of -74.87, a PEG ratio of 1.42 and a beta of 1.54. The company’s fifty day simple moving average is $35.66 and its 200-day simple moving average is $39.89. 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 52 week low of $29.77 and a 52 week high of $61.98.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. GlobalFoundries had a negative net margin of 3.93% and a positive return on equity of 6.05%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating on shares of GlobalFoundries in a report on Monday. Needham & Company LLC upgraded GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Wednesday, February 12th. UBS Group reduced their target price on GlobalFoundries from $45.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Wedbush reissued an “outperform” rating and set a $60.00 price target on shares of GlobalFoundries in a research report on Wednesday, February 12th. Finally, Citigroup cut their price objective on GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, GlobalFoundries currently has a consensus rating of “Moderate Buy” and an average price target of $48.33.

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.