Edgestream Partners L.P. Purchases New Position in GlobalFoundries Inc. $GFS

Edgestream Partners L.P. acquired a new position in GlobalFoundries Inc. (NASDAQ:GFS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,039 shares of the company’s stock, valued at approximately $1,415,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GFS. Voya Investment Management LLC lifted its stake in shares of GlobalFoundries by 2.9% in the 1st quarter. Voya Investment Management LLC now owns 12,288 shares of the company’s stock valued at $454,000 after purchasing an additional 346 shares during the period. Allworth Financial LP increased its holdings in GlobalFoundries by 85.5% in the second quarter. Allworth Financial LP now owns 894 shares of the company’s stock valued at $34,000 after buying an additional 412 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in GlobalFoundries by 1.0% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,371 shares of the company’s stock valued at $1,657,000 after buying an additional 429 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of GlobalFoundries by 2.4% in the second quarter. Nomura Asset Management Co. Ltd. now owns 20,670 shares of the company’s stock worth $790,000 after acquiring an additional 480 shares during the period. Finally, Summit Investment Advisors Inc. boosted its stake in shares of GlobalFoundries by 2.8% during the 1st quarter. Summit Investment Advisors Inc. now owns 18,079 shares of the company’s stock worth $667,000 after acquiring an additional 496 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on GFS shares. Weiss Ratings restated a “sell (d)” rating on shares of GlobalFoundries in a research note on Wednesday, October 8th. Arete Research set a $37.00 price objective on GlobalFoundries in a research report on Wednesday, August 27th. Citigroup reduced their target price on GlobalFoundries from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Wedbush lifted their price target on shares of GlobalFoundries from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. cut their price target on shares of GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, November 13th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $40.36.

GlobalFoundries Stock Performance

Shares of NASDAQ:GFS opened at $38.95 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.03 and a quick ratio of 2.24. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $47.69. The firm has a market capitalization of $21.54 billion, a PE ratio of -432.73, a P/E/G ratio of 1.56 and a beta of 1.49. The business’s 50 day moving average price is $35.03 and its 200-day moving average price is $35.85.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). GlobalFoundries had a negative net margin of 0.65% and a positive return on equity of 6.64%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. GlobalFoundries has set its Q4 2025 guidance at 0.420-0.520 EPS. As a group, equities research analysts expect 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.