18,353 Shares in GlobalFoundries Inc. $GFS Bought by Altfest L J & Co. Inc.

Altfest L J & Co. Inc. bought a new stake in GlobalFoundries Inc. (NASDAQ:GFS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,353 shares of the company’s stock, valued at approximately $658,000.

Several other hedge funds also recently bought and sold shares of the company. Invesco Ltd. increased its stake in shares of GlobalFoundries by 10.1% during the 2nd quarter. Invesco Ltd. now owns 2,744,519 shares of the company’s stock worth $104,841,000 after purchasing an additional 252,772 shares during the last quarter. Pacer Advisors Inc. raised its holdings in GlobalFoundries by 0.6% during the third quarter. Pacer Advisors Inc. now owns 1,874,440 shares of the company’s stock valued at $67,180,000 after buying an additional 11,648 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of GlobalFoundries by 852.9% in the second quarter. AQR Capital Management LLC now owns 972,454 shares of the company’s stock worth $37,148,000 after buying an additional 870,406 shares during the last quarter. Geode Capital Management LLC boosted its position in GlobalFoundries by 4.0% during the second quarter. Geode Capital Management LLC now owns 967,202 shares of the company’s stock worth $36,947,000 after purchasing an additional 37,026 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in GlobalFoundries by 6.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 962,273 shares of the company’s stock valued at $36,759,000 after buying an additional 54,827 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. 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 target price on the stock. Citigroup cut their price objective on shares of GlobalFoundries from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Wall Street Zen downgraded GlobalFoundries from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. JPMorgan Chase & Co. decreased their price target on shares of GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Finally, Bank of America boosted their price target on shares of GlobalFoundries from $33.00 to $37.00 and gave the company an “underperform” rating in a report on Thursday, December 4th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, GlobalFoundries currently has a consensus rating of “Hold” and a consensus target price of $40.46.

GlobalFoundries Stock Performance

NASDAQ:GFS opened at $36.87 on Friday. The stock has a market capitalization of $20.39 billion, a P/E ratio of -409.62, a price-to-earnings-growth ratio of 1.55 and a beta of 1.49. The company has a current ratio of 3.03, a quick ratio of 2.24 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $47.69. The firm has a 50 day moving average of $35.77 and a 200-day moving average of $35.79.

GlobalFoundries (NASDAQ:GFS) last released 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). The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. GlobalFoundries had a negative net margin of 0.65% and a positive return on equity of 6.64%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share. GlobalFoundries has set its Q4 2025 guidance at 0.420-0.520 EPS. As a group, sell-side analysts anticipate that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

About GlobalFoundries

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.