Yes. You could also use quarter instead of fourth .
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khoffI find the idea of "half foreign" or "one-quarter foreign" odd.I agree, I have never come across these expressions. If I were to come across them, I would assume they were uttered by a non-native speaker.
marquezI have seen "eighth-foreign" in Edna O'Brien's short story.There is often a world of difference between the language used by gifted novelists and the language used by us lesser mortals. Granted that, I (a lesser mortal) might use 'eighth-foreign' in certain situations. Such situations would be rare, and would eflect little credit on me.