GLOBALFOUNDRIES (NASDAQ:GFS – Get Rating) had its price target trimmed by Needham & Company LLC to $50.00 in a research report sent to investors on Tuesday, Stock Target Advisor reports.
据Stock Target Advisor报道，在周二发给投资者的一份研究报告中，Needham&Company LLC将GlobalFoundries(纳斯达克：GFS-GET评级)的目标价下调至50美元。
A number of other equities research analysts have also recently commented on GFS. Bank of America reduced their target price on shares of GLOBALFOUNDRIES from $75.00 to $57.00 and set a buy rating for the company in a report on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft cut their target price on shares of GLOBALFOUNDRIES from $78.00 to $70.00 and set a buy rating on the stock in a research note on Wednesday, April 20th. Citigroup raised their price target on shares of GLOBALFOUNDRIES from $65.00 to $70.00 and gave the company a buy rating in a report on Monday, June 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of GLOBALFOUNDRIES from $82.00 to $77.00 in a report on Wednesday, May 11th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $75.47.
Shares of GFS opened at $40.57 on Tuesday. GLOBALFOUNDRIES has a 12 month low of $37.60 and a 12 month high of $79.49. The stock has a fifty day moving average price of $51.44 and a 200-day moving average price of $56.12. The company has a current ratio of 1.70, a quick ratio of 1.35 and a debt-to-equity ratio of 0.26.
A number of large investors have recently made changes to their positions in GFS. Treasurer of the State of North Carolina lifted its position in shares of GLOBALFOUNDRIES by 1.6% in the first quarter. Treasurer of the State of North Carolina now owns 19,300 shares of the company's stock worth $1,205,000 after buying an additional 310 shares in the last quarter. TFC Financial Management grew its stake in GLOBALFOUNDRIES by 133.3% in the first quarter. TFC Financial Management now owns 700 shares of the company's stock worth $44,000 after purchasing an additional 400 shares in the last quarter. IndexIQ Advisors LLC purchased a new stake in GLOBALFOUNDRIES during the first quarter worth $26,000. Prospera Financial Services Inc purchased a new stake in GLOBALFOUNDRIES during the first quarter worth $28,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of GLOBALFOUNDRIES during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 12.09% of the company's stock.
一些大型投资者最近改变了他们在GFS的头寸。北卡罗来纳州财政部长在第一季度将其在GLOBALFONDRIES股票的头寸提高了1.6%。北卡罗来纳州的一位财务主管在上个季度又购买了310股后，现在拥有19,300股该公司股票，价值1,205,000美元。第一季度，TFC金融管理公司在GLOBALFOUNDRIES的持股增加了133.3%。TFC金融管理公司在上个季度额外购买了400股后，现在拥有700股该公司股票，价值4.4万美元。IndexIQ Advisors LLC在第一季度购买了GLOBALFOundRIES的新股份，价值2.6万美元。普罗斯佩拉金融服务公司在第一季度购买了价值2.8万美元的GLOBALFOundRIES新股份。最后，Steward Partners Investment Consulting LLC在第四季度购买了价值3万美元的GLOBALFOundRIES新股。机构投资者和对冲基金持有该公司12.09%的股票。
About GLOBALFOUNDRIES (Get Rating)
GLOBALFOUNDRIES Inc operates as a semiconductor foundry worldwide. It manufactures integrated circuits, which enable various electronic devices that are pervasive. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, power management units, and microelectromechanical systems, as well as offers mainstream wafer fabrication services and technologies.
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