Sumitomo Mitsui Trust Group Inc. Buys 6,022 Shares of GlobalFoundries Inc. $GFS

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 4.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,288 shares of the company’s stock after acquiring an additional 6,022 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in GlobalFoundries were worth $5,053,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GFS. Banque Cantonale Vaudoise bought a new position in GlobalFoundries in the 1st quarter worth approximately $33,000. Signaturefd LLC boosted its stake in GlobalFoundries by 51.3% in the 1st quarter. Signaturefd LLC now owns 1,026 shares of the company’s stock worth $38,000 after purchasing an additional 348 shares during the period. IFP Advisors Inc boosted its stake in GlobalFoundries by 824.7% in the 2nd quarter. IFP Advisors Inc now owns 897 shares of the company’s stock worth $38,000 after purchasing an additional 800 shares during the period. Summit Securities Group LLC boosted its stake in GlobalFoundries by 142.2% in the 1st quarter. Summit Securities Group LLC now owns 1,298 shares of the company’s stock worth $48,000 after purchasing an additional 762 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in GlobalFoundries by 26.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,539 shares of the company’s stock worth $57,000 after purchasing an additional 320 shares during the period.

GlobalFoundries Stock Performance

NASDAQ:GFS opened at $34.35 on Thursday. The stock’s fifty day moving average is $34.04 and its 200 day moving average is $35.94. GlobalFoundries Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $47.69. The firm has a market capitalization of $18.99 billion, a PE ratio of -163.56, a PEG ratio of 1.35 and a beta of 1.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.92 and a current ratio of 2.63.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. GlobalFoundries had a positive return on equity of 6.55% and a negative net margin of 1.68%.The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm posted $0.38 EPS. GlobalFoundries’s quarterly revenue 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 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GFS has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of GlobalFoundries in a research note on Wednesday, October 8th. BNP Paribas Exane began coverage on GlobalFoundries in a research report on Friday, October 24th. They set an “outperform” rating and a $45.00 target price for the company. Citigroup increased their target price on GlobalFoundries from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, July 7th. Jefferies Financial Group reiterated a “hold” rating and set a $38.00 target price on shares of GlobalFoundries in a research report on Monday. Finally, Arete upgraded GlobalFoundries from a “sell” rating to a “neutral” rating and set a $37.00 target price for the company in a research report on Wednesday, August 27th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.00.

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.