Amundi Sells 95,162 Shares of GlobalFoundries Inc. $GFS

Amundi cut its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 65.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,280 shares of the company’s stock after selling 95,162 shares during the period. Amundi’s holdings in GlobalFoundries were worth $1,694,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Invesco Ltd. increased its position in shares of GlobalFoundries by 6.9% during the first quarter. Invesco Ltd. now owns 2,491,747 shares of the company’s stock valued at $91,970,000 after buying an additional 159,936 shares during the period. Pacer Advisors Inc. increased its position in shares of GlobalFoundries by 8,540.7% during the first quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company’s stock valued at $91,265,000 after buying an additional 2,444,018 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of GlobalFoundries during the first quarter valued at about $40,493,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of GlobalFoundries by 9.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 907,446 shares of the company’s stock valued at $33,476,000 after buying an additional 79,670 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of GlobalFoundries by 20.8% during the fourth quarter. ProShare Advisors LLC now owns 637,867 shares of the company’s stock valued at $27,371,000 after buying an additional 109,722 shares during the period.

GlobalFoundries Stock Down 1.6%

Shares of NASDAQ GFS opened at $31.67 on Friday. GlobalFoundries Inc. has a one year low of $29.77 and a one year high of $47.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.92. The firm’s 50 day simple moving average is $35.89 and its two-hundred day simple moving average is $36.49. The stock has a market capitalization of $17.51 billion, a P/E ratio of -150.80, a PEG ratio of 1.05 and a beta of 1.48.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.55%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. As a group, analysts expect that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley decreased their price target on GlobalFoundries from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Citigroup raised their target price on shares of GlobalFoundries from $35.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, July 7th. The Goldman Sachs Group initiated coverage on shares of GlobalFoundries in a research note on Thursday, July 10th. They issued a “neutral” rating and a $40.00 target price on the stock. Wall Street Zen downgraded shares of GlobalFoundries from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. Finally, Argus initiated coverage on shares of GlobalFoundries in a research note on Tuesday, July 1st. They issued a “buy” rating and a $52.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, GlobalFoundries currently has a consensus rating of “Hold” and a consensus price target of $43.79.

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.