AXQ Capital LP Has $330,000 Holdings in GlobalFoundries Inc. $GFS

AXQ Capital LP lowered its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 62.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,207 shares of the company’s stock after selling 15,245 shares during the period. AXQ Capital LP’s holdings in GlobalFoundries were worth $330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GFS. Royal Bank of Canada boosted its position in shares of GlobalFoundries by 4.4% during the first quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock valued at $575,000 after buying an additional 660 shares during the last quarter. AQR Capital Management LLC raised its position in GlobalFoundries by 77.6% in the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock valued at $3,679,000 after buying an additional 44,599 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in GlobalFoundries by 7,120.1% during the 1st quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after acquiring an additional 12,033 shares in the last quarter. CWM LLC boosted its holdings in GlobalFoundries by 311.5% during the 2nd quarter. CWM LLC now owns 4,745 shares of the company’s stock worth $181,000 after acquiring an additional 3,592 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in GlobalFoundries by 4.8% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,288 shares of the company’s stock worth $5,053,000 after acquiring an additional 6,022 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GFS. Citigroup raised their price target on shares of GlobalFoundries from $42.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Susquehanna reissued a “neutral” rating and set a $50.00 target price on shares of GlobalFoundries in a research report on Thursday, February 12th. TD Cowen restated a “buy” rating on shares of GlobalFoundries in a research note on Thursday, February 12th. The Goldman Sachs Group increased their price target on GlobalFoundries from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Finally, Needham & Company LLC boosted their price objective on GlobalFoundries from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $46.13.

GlobalFoundries Trading Up 2.6%

Shares of GFS stock opened at $48.86 on Thursday. 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 firm has a market cap of $27.02 billion, a P/E ratio of 30.73, a PEG ratio of 1.88 and a beta of 1.50. The company has a 50 day moving average of $41.84 and a 200-day moving average of $37.14. GlobalFoundries Inc. has a 12-month low of $29.77 and a 12-month high of $50.98.

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