Rhumbline Advisers Raises Stake in GlobalFoundries Inc. $GFS

Rhumbline Advisers raised its holdings in GlobalFoundries Inc. (NASDAQ:GFS) by 1.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,226 shares of the company’s stock after acquiring an additional 1,311 shares during the period. Rhumbline Advisers’ holdings in GlobalFoundries were worth $3,330,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of GFS. Banque Cantonale Vaudoise bought a new position in shares of GlobalFoundries during the 1st quarter valued at about $33,000. Signaturefd LLC lifted its stake in shares of GlobalFoundries by 51.3% in the 1st quarter. Signaturefd LLC now owns 1,026 shares of the company’s stock valued at $38,000 after purchasing an additional 348 shares during the period. Summit Securities Group LLC lifted its stake in shares of GlobalFoundries by 142.2% in the 1st quarter. Summit Securities Group LLC now owns 1,298 shares of the company’s stock valued at $48,000 after purchasing an additional 762 shares during the period. SBI Securities Co. Ltd. raised its stake in GlobalFoundries by 26.3% during the first quarter. SBI Securities Co. Ltd. now owns 1,539 shares of the company’s stock valued at $57,000 after buying an additional 320 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in GlobalFoundries during the first quarter valued at $102,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on GFS shares. Wedbush lowered their price objective on GlobalFoundries from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, August 6th. Argus initiated coverage on GlobalFoundries in a report on Tuesday, July 1st. They issued a “buy” rating and a $52.00 target price for the company. The Goldman Sachs Group initiated coverage on GlobalFoundries in a report on Thursday, July 10th. They issued a “neutral” rating and a $40.00 price objective for the company. Arete Research set a $37.00 price objective on GlobalFoundries in a report on Wednesday, August 27th. Finally, Arete raised GlobalFoundries from a “sell” rating to a “neutral” rating and set a $37.00 price target for the company in a report on Wednesday, August 27th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $43.79.

GlobalFoundries Stock Up 1.7%

Shares of NASDAQ:GFS opened at $32.22 on Tuesday. GlobalFoundries Inc. has a 52-week low of $29.77 and a 52-week high of $47.69. The stock has a market cap of $17.81 billion, a P/E ratio of -153.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.48. The business’s 50 day moving average is $35.76 and its 200 day moving average is $36.40. The company has a quick ratio of 1.92, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

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

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.