Public Employees Retirement System of Ohio Boosts Stock Holdings in GlobalFoundries Inc. $GFS

Public Employees Retirement System of Ohio grew its holdings in GlobalFoundries Inc. (NASDAQ:GFS) by 5.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,872 shares of the company’s stock after acquiring an additional 1,751 shares during the period. Public Employees Retirement System of Ohio’s holdings in GlobalFoundries were worth $1,256,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of GlobalFoundries by 15.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 126,266 shares of the company’s stock valued at $4,660,000 after acquiring an additional 17,143 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of GlobalFoundries by 9.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 907,446 shares of the company’s stock valued at $33,476,000 after acquiring an additional 79,670 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of GlobalFoundries by 49.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,342 shares of the company’s stock valued at $1,157,000 after acquiring an additional 10,313 shares during the period. GAMMA Investing LLC raised its stake in shares of GlobalFoundries by 9,009.1% in the 1st quarter. GAMMA Investing LLC now owns 24,139 shares of the company’s stock valued at $891,000 after acquiring an additional 23,874 shares during the period. Finally, Signaturefd LLC raised 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 acquiring an additional 348 shares during the period.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS opened at $35.81 on Friday. 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 Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $47.69. The firm has a 50-day simple moving average of $33.97 and a 200 day simple moving average of $36.02. The company has a market cap of $19.80 billion, a PE ratio of -170.52, a P/E/G ratio of 1.17 and a beta of 1.49.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share 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 during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. On average, sell-side analysts anticipate that GlobalFoundries Inc. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

GFS has been the topic of a number of research reports. Wall Street Zen raised shares of GlobalFoundries from a “hold” rating to a “buy” rating in a research note on Monday, September 15th. UBS Group dropped their price target on shares of GlobalFoundries from $43.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Citigroup lifted their price target on shares of GlobalFoundries from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, July 7th. 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 price target on the stock. Finally, Arete Research set a $37.00 price target on shares of GlobalFoundries in a research note on Wednesday, August 27th. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, GlobalFoundries presently has a consensus rating of “Hold” and an average 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.