Aberdeen Group plc Cuts Stake in GlobalFoundries Inc. $GFS

Aberdeen Group plc lowered its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 47.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,397 shares of the company’s stock after selling 34,338 shares during the period. Aberdeen Group plc’s holdings in GlobalFoundries were worth $1,376,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in GFS. Royal Bank of Canada raised its position in shares of GlobalFoundries by 4.4% in the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after buying an additional 660 shares during the period. AQR Capital Management LLC raised its holdings in shares of GlobalFoundries by 77.6% in the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock worth $3,679,000 after purchasing an additional 44,599 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of GlobalFoundries by 7,120.1% in the 1st quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after purchasing an additional 12,033 shares in the last quarter. CWM LLC grew its holdings in shares of GlobalFoundries by 311.5% during the 2nd quarter. CWM LLC now owns 4,745 shares of the company’s stock worth $181,000 after purchasing an additional 3,592 shares during the period. Finally, Ethic Inc. increased its position in GlobalFoundries by 187.3% during the 2nd quarter. Ethic Inc. now owns 47,002 shares of the company’s stock worth $1,806,000 after purchasing an additional 30,641 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GFS. Jefferies Financial Group reaffirmed a “hold” rating and set a $38.00 price target on shares of GlobalFoundries in a research report on Monday, October 27th. Wedbush lifted their target price on shares of GlobalFoundries from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Citigroup increased their price target on GlobalFoundries from $42.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Bank of America raised their price objective on GlobalFoundries from $33.00 to $37.00 and gave the company an “underperform” rating in a research report on Thursday, December 4th. Finally, TD Cowen reaffirmed a “buy” rating on shares of GlobalFoundries in a research report on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $46.13.

GlobalFoundries Price Performance

GFS stock opened at $46.19 on Friday. The company has a market capitalization of $25.54 billion, a PE ratio of 29.05, a P/E/G ratio of 1.82 and a beta of 1.50. The company has a quick ratio of 1.95, a current ratio of 2.62 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $41.20 and its two-hundred day moving average is $36.83. GlobalFoundries Inc. has a 52-week low of $29.77 and a 52-week high of $50.98.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.80 billion. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. Analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal 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.