GlobalFoundries Inc. (NASDAQ:GFS) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in GlobalFoundries Inc. (NASDAQ:GFS) by 49.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,342 shares of the company’s stock after acquiring an additional 10,313 shares during the period. Janney Montgomery Scott LLC’s holdings in GlobalFoundries were worth $1,157,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of GlobalFoundries by 153.9% during the fourth quarter. Signaturefd LLC now owns 678 shares of the company’s stock worth $29,000 after buying an additional 411 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of GlobalFoundries during the fourth quarter worth $52,000. Graney & King LLC acquired a new stake in shares of GlobalFoundries during the fourth quarter worth $68,000. Covestor Ltd lifted its stake in shares of GlobalFoundries by 309.8% during the fourth quarter. Covestor Ltd now owns 1,680 shares of the company’s stock worth $72,000 after buying an additional 1,270 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of GlobalFoundries by 305.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,102 shares of the company’s stock worth $90,000 after buying an additional 1,583 shares during the period.

GlobalFoundries Stock Down 0.9%

GFS opened at $38.42 on Friday. GlobalFoundries Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $61.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.77 and a current ratio of 2.51. The company has a fifty day moving average of $36.96 and a two-hundred day moving average of $38.80. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of -113.00, a PEG ratio of 1.20 and a beta of 1.50.

GlobalFoundries (NASDAQ:GFS) last released 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 2.77% and a positive return on equity of 6.28%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts expect that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

GFS has been the subject of several research reports. Citigroup lowered their price objective on shares of GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. UBS Group decreased their target price on shares of GlobalFoundries from $45.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Morgan Stanley decreased their target price on shares of GlobalFoundries from $42.00 to $38.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 7th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of GlobalFoundries in a research report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, GlobalFoundries has an average rating of “Moderate Buy” and an average target price of $47.09.

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.