Strs Ohio Buys New Shares in GlobalFoundries Inc. $GFS

Strs Ohio bought a new stake in GlobalFoundries Inc. (NASDAQ:GFS) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,533 shares of the company’s stock, valued at approximately $1,164,000.

A number of other large investors have also recently added to or reduced their stakes in GFS. Banque Cantonale Vaudoise acquired a new stake in GlobalFoundries in the first quarter valued at $33,000. Signaturefd LLC lifted its stake in GlobalFoundries by 51.3% in the first quarter. Signaturefd LLC now owns 1,026 shares of the company’s stock valued at $38,000 after acquiring an additional 348 shares during the last quarter. Summit Securities Group LLC lifted its stake in GlobalFoundries by 142.2% in the first quarter. Summit Securities Group LLC now owns 1,298 shares of the company’s stock valued at $48,000 after acquiring an additional 762 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in GlobalFoundries by 26.3% in the first quarter. SBI Securities Co. Ltd. now owns 1,539 shares of the company’s stock valued at $57,000 after acquiring an additional 320 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in GlobalFoundries in the first quarter valued at $102,000.

Analyst Upgrades and Downgrades

GFS has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of GlobalFoundries from $43.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Argus started coverage on shares of GlobalFoundries in a research note on Tuesday, July 1st. They issued a “buy” rating and a $52.00 price target for the company. The Goldman Sachs Group started coverage on shares of GlobalFoundries in a research note on Thursday, July 10th. They set a “neutral” rating and a $40.00 target price for the company. Arete Research set a $37.00 target price on shares of GlobalFoundries in a research note on Wednesday, August 27th. Finally, Morgan Stanley cut their target price on shares of GlobalFoundries from $38.00 to $35.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $43.79.

GlobalFoundries Price Performance

GFS stock opened at $32.20 on Thursday. The firm has a market cap of $17.80 billion, a P/E ratio of -153.33, a P/E/G ratio of 1.04 and a beta of 1.48. The company has a quick ratio of 1.92, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $35.39 and its two-hundred day moving average price is $36.34. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $47.69.

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

About GlobalFoundries

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.