GlobalFoundries Inc. $GFS Stake Cut by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. lessened its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 39.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,774 shares of the company’s stock after selling 17,924 shares during the period. Global X Japan Co. Ltd.’s holdings in GlobalFoundries were worth $995,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Allworth Financial LP increased its stake in shares of 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 purchasing an additional 412 shares during the period. IFP Advisors Inc raised its stake in GlobalFoundries by 824.7% during the 2nd quarter. IFP Advisors Inc now owns 897 shares of the company’s stock valued at $38,000 after acquiring an additional 800 shares in the last quarter. GAMMA Investing LLC boosted its position in GlobalFoundries by 134.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,531 shares of the company’s stock worth $58,000 after acquiring an additional 877 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of GlobalFoundries by 1,169.6% in the second quarter. PNC Financial Services Group Inc. now owns 1,714 shares of the company’s stock worth $65,000 after purchasing an additional 1,579 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of GlobalFoundries by 69.4% during the second quarter. Signaturefd LLC now owns 1,738 shares of the company’s stock valued at $66,000 after purchasing an additional 712 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GFS shares. Evercore ISI upped their price target on shares of GlobalFoundries from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 13th. Jefferies Financial Group restated a “hold” rating and issued a $38.00 price objective on shares of GlobalFoundries in a report on Monday, October 27th. Wedbush lifted their target price on GlobalFoundries from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. dropped their price target on shares of GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Finally, BNP Paribas Exane initiated coverage on shares of GlobalFoundries in a research report on Friday, October 24th. They set an “outperform” rating and a $45.00 price objective for the company. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.62.

GlobalFoundries Trading Down 1.7%

Shares of NASDAQ GFS opened at $35.79 on Wednesday. The company has a quick ratio of 2.24, a current ratio of 3.03 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $47.69. The company has a market cap of $19.79 billion, a price-to-earnings ratio of -397.62, a P/E/G ratio of 1.57 and a beta of 1.49. The business has a fifty day simple moving average of $35.66 and a 200-day simple moving average of $35.90.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings results 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 positive return on equity of 6.64% and a negative net margin of 0.65%.The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the business posted $0.41 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. GlobalFoundries has set its Q4 2025 guidance at 0.420-0.520 EPS. Sell-side analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current year.

GlobalFoundries Profile

GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.