Nomura Asset Management Co. Ltd. Sells 1,360 Shares of GlobalFoundries Inc. (NASDAQ:GFS)

Nomura Asset Management Co. Ltd. cut its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,386 shares of the company’s stock after selling 1,360 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in GlobalFoundries were worth $832,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC increased its position in shares of GlobalFoundries by 33.1% during the third quarter. Intech Investment Management LLC now owns 8,656 shares of the company’s stock worth $348,000 after acquiring an additional 2,155 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in 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 purchasing an additional 29,785 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of GlobalFoundries by 1,935.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,210 shares of the company’s stock valued at $5,120,000 after purchasing an additional 120,960 shares during the period. Centiva Capital LP acquired a new stake in shares of GlobalFoundries in the 3rd quarter valued at about $1,362,000. Finally, Holocene Advisors LP lifted its holdings in shares of GlobalFoundries by 28.8% in the third quarter. Holocene Advisors LP now owns 197,546 shares of the company’s stock valued at $7,951,000 after purchasing an additional 44,197 shares in the last quarter.

GlobalFoundries Trading Up 3.3 %

GlobalFoundries stock opened at $37.18 on Thursday. The stock has a 50-day simple moving average of $39.87 and a 200 day simple moving average of $41.09. The stock has a market capitalization of $20.56 billion, a P/E ratio of -77.46, a PEG ratio of 1.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 2.11. GlobalFoundries Inc. has a 52 week low of $35.15 and a 52 week high of $61.98.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Tuesday, February 11th. The company reported $0.38 EPS 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%. 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 topic of a number of recent research reports. Needham & Company LLC raised GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Wednesday, February 12th. Morgan Stanley boosted their price objective on shares of GlobalFoundries from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. UBS Group reduced their target price on shares of GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, Wedbush reiterated an “outperform” rating and issued a $60.00 price target on shares of GlobalFoundries in a research note on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.64.

GlobalFoundries 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.