PolarityTE

International Assets Investment Management LLC lowered its position in GLOBALFOUNDRIES Inc. (NASDAQ:GFS – Free Report) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,770 shares of the company’s stock after selling 1,464 shares during the period. International Assets Investment Management LLC’s holdings in GLOBALFOUNDRIES were worth $531,000 as of its most recent SEC filing. Several other hedge funds have also added to or reduced their stakes in the business. Advisors Preferred LLC bought a new position in GLOBALFOUNDRIES in the third quarter valued at approximately $58,000. Blue Trust Inc. lifted its position in GLOBALFOUNDRIES by 31.6% in the 4th quarter. Blue Trust Inc. now owns 1,510 shares of the company’s stock valued at $88,000 after acquiring an additional 363 shares in the last quarter. Toronto Dominion Bank boosted its stake in GLOBALFOUNDRIES by 122.5% in the 3rd quarter. Toronto Dominion Bank now owns 3,473 shares of the company’s stock worth $202,000 after purchasing an additional 1,912 shares during the period. Himension Capital Singapore PTE. LTD. bought a new position in GLOBALFOUNDRIES during the 3rd quarter worth about $216,000. Finally, Headlands Technologies LLC acquired a new stake in shares of GLOBALFOUNDRIES in the 3rd quarter valued at about $225,000. Wall Street Analysts Forecast Growth Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on GLOBALFOUNDRIES from $56.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Jefferies Financial Group began coverage on shares of GLOBALFOUNDRIES in a research note on Monday, May 13th. They set a “buy” rating and a $62.00 price target for the company. Susquehanna lifted their price objective on shares of GLOBALFOUNDRIES from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Needham & Company LLC restated a “hold” rating on shares of GLOBALFOUNDRIES in a report on Wednesday, May 8th. Finally, Morgan Stanley lifted their price target on shares of GLOBALFOUNDRIES from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Seven 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 stock has an average rating of “Moderate Buy” and an average price target of $60.62. View Our Latest Stock Analysis on GLOBALFOUNDRIES GLOBALFOUNDRIES Trading Down 0.4 % GLOBALFOUNDRIES stock opened at $53.95 on Monday. The stock has a 50-day simple moving average of $50.67 and a 200 day simple moving average of $53.95. The stock has a market capitalization of $29.86 billion, a P/E ratio of 33.30, a PEG ratio of 5.08 and a beta of 1.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.59 and a current ratio of 2.18. GLOBALFOUNDRIES Inc. has a 52 week low of $45.52 and a 52 week high of $68.57. GLOBALFOUNDRIES Company Profile (Free Report) GLOBALFOUNDRIES Inc operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units; and offers mainstream wafer fabrication services and technologies.» Mehr auf defenseworld.net

AI Account Launches Asia's First Cloud-Based Accounting Solution Exclusively for SMEs AI Account has stepped up efforts to empower SMEs across Asia-Pacific with transformative cloud-based accounting solutions. Leveraging AI technology, AI Account ensures real-time compliance with local regulatory frameworks, offering SMEs a user-friendly platform tailored to their needs. May 20, 2024 12:57 AM EDT | Source: Plentisoft Goldhill Plaza, Singapore--(Newsfile Corp. - May 20, 2024) - In a region where small and medium-sized enterprises (SMEs) drive economic growth, AI ACCOUNT PTE. LTD has introduced a transformative approach to financial management. With SMEs comprising over 97% of businesses in the Asia-Pacific, the need for efficient accounting solutions has never been more critical.AI Account Launches Asia's First Cloud-Based Accounting Solution Exclusively for SMEsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8814/208933_c1d107b9b4b7f8bf_002full.jpg"Our goal with the introduction of an accounting software for SMEs is to give them the tools they need to thrive in today's competitive landscape," says Stacey Ong, the company's managing director and co-founder. The company is committed to making financial management easier and accessible to all thriving start-ups and entrepreneurs. The cloud accounting software seeks to break down barriers for SMEs looking to streamline their financial operations. By offering access to its wide array of features, AI Account enables them to experience the power of AI-driven accounting first-hand.The SME accounting automation tool has made headway across Singapore, Malaysia, Indonesia, and Hong Kong, given its adaptability to local regulatory frameworks. Leveraging AI technology, the SME accounting automation tool ensures real-time compliance with ever-changing legislative requirements, mitigating the risk of penalties and safeguarding businesses' financial integrity."Today more than ever, small and medium entrepreneurs will benefit from robust cloud-based accounting solutions," Stacey explains. AI Account features a user-friendly platform tailored specifically for SMEs, allowing entrepreneurs to focus on business growth rather than administrative tasks.The cloud accounting software has an intuitive interface that seamlessly integrates into SME operations without extensive training. Its cloud-based automation streamlines accounting processes, enhancing efficiency and accuracy. The software's adaptability to country-specific requirements ensures global usability, while its support for multiple currencies facilitates effortless management of transactions. Additionally, AI Account simplifies inventory processes with advanced automation and enables easy tracking of fixed assets through automated systems.Trusted by over 800 companies, AI Account Software has earned recognition as a top cloud-based accounting solution in the market. Its fast-loading time and cost-effective pricing make it a top choice for SMEs seeking efficient financial management tools. This accounting software for SMEs has been recognized by the Singapore Brand as one of the top five best accounting software in Singapore. "Investing in AI Account means investing in a powerful, flexible, and efficient cloud-based accounting solution that scales with your business," Stacey explains. More than its wide array of features, the cloud-based accounting solution represents a commitment to empowering SMEs to thrive in a competitive market. AI Account demonstrates its confidence in the value it brings to SMEs across the Asia-Pacific region, allowing them to explore its capabilities without financial commitment.The accounting software for SMEs provides unlimited quotes and invoices, allowing businesses to issue as many quotes and invoices as needed without limitations. It offers unlimited companies and users and is ideal for accounting firms managing numerous clients, with no restrictions on user or company limits. In addition, AI Account's focus on compliance underscores its goal of supporting SMEs in navigating regulatory complexities. As financial regulations evolve, AI Account is at the forefront of innovation, ensuring that businesses can adapt seamlessly to changes without disruption."AI Account's Asia-specific accounting solutions serve as a partner in every SME's business journey," Stacey said. "We are committed to providing continued support and innovation to help SMEs succeed.""In today's dynamic business environment, SMEs cannot afford to overlook the significance of efficient financial management," Stacey said. "AI Account is here to support SMEs every step of the way, empowering them to achieve their goals and thrive in a competitive market." For more information about the AI Account cloud accounting software, visit www.aiaccount.com.Contact Info:Name: Stacey OngEmail: staceyong@aiaccount.comOrganization: AI ACCOUNT PTE. LTD.Website: https://www.aiaccount.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/208933 SOURCE: Plentisoft» Mehr auf newsfilecorp.com

PolarityTE, Inc. (PTE) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.» Mehr auf zacks.com