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

Shade Tree Advisors LLC purchased a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 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.

A number of other institutional investors and hedge funds also recently made changes to their positions in GFS. FMR LLC lifted its stake in GlobalFoundries by 2.4% in the 3rd quarter. FMR LLC now owns 49,375,403 shares of the company’s stock valued at $1,987,360,000 after purchasing an additional 1,160,403 shares during the last quarter. State Street Corp lifted its position in shares of GlobalFoundries by 8.3% in the third quarter. State Street Corp now owns 1,275,554 shares of the company’s stock valued at $51,341,000 after buying an additional 98,084 shares during the last quarter. Citigroup Inc. boosted its stake in shares of GlobalFoundries by 16.0% during the 3rd quarter. Citigroup Inc. now owns 628,259 shares of the company’s stock worth $25,287,000 after acquiring an additional 86,740 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of GlobalFoundries by 16.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 214,492 shares of the company’s stock worth $8,633,000 after acquiring an additional 29,785 shares during the period. Finally, Weiss Asset Management LP acquired a new position in shares of GlobalFoundries during the 3rd quarter worth approximately $8,361,000.

GlobalFoundries Trading Up 6.3 %

Shares of NASDAQ:GFS opened at $40.10 on Wednesday. The business’s 50 day simple moving average is $42.48 and its 200 day simple moving average is $42.40. GlobalFoundries Inc. has a 1 year low of $35.85 and a 1 year high of $61.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.42 and a quick ratio of 1.76. The company has a market capitalization of $22.13 billion, a P/E ratio of 29.93, a P/E/G ratio of 8.23 and a beta of 1.56.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. On average, research analysts anticipate that GlobalFoundries Inc. will post 1.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GFS shares. Susquehanna reduced their price objective on shares of GlobalFoundries from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Evercore ISI reduced their target price on shares of GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of GlobalFoundries from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. UBS Group started coverage on shares of GlobalFoundries in a research report on Wednesday, November 20th. They set a “neutral” rating and a $47.00 price objective for the company. Finally, Robert W. Baird decreased their target price on GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, GlobalFoundries has an average rating of “Hold” and an average target price of $50.21.

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.