Citigroup Inc. Cuts Position in GlobalFoundries Inc. $GFS

Citigroup Inc. trimmed its stake in GlobalFoundries Inc. (NASDAQ:GFS) by 12.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 454,764 shares of the company’s stock after selling 64,984 shares during the period. Citigroup Inc. owned 0.08% of GlobalFoundries worth $16,299,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Profund Advisors LLC grew its stake in GlobalFoundries by 0.7% in the third quarter. Profund Advisors LLC now owns 45,349 shares of the company’s stock valued at $1,625,000 after purchasing an additional 299 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of GlobalFoundries by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock valued at $372,000 after buying an additional 324 shares in the last quarter. California State Teachers Retirement System grew its position in shares of GlobalFoundries by 5.7% in the 2nd quarter. California State Teachers Retirement System now owns 6,480 shares of the company’s stock worth $248,000 after buying an additional 347 shares during the last quarter. Allworth Financial LP raised its stake in shares of GlobalFoundries by 85.5% during the 2nd quarter. Allworth Financial LP now owns 894 shares of the company’s stock worth $34,000 after acquiring an additional 412 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in GlobalFoundries by 1.0% during 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 acquiring an additional 429 shares during the last quarter.

Analysts Set New Price Targets

GFS has been the subject of several recent analyst reports. Susquehanna restated a “neutral” rating and issued a $50.00 target price on shares of GlobalFoundries in a research note on Thursday, February 12th. Bank of America raised their price objective on GlobalFoundries from $33.00 to $37.00 and gave the stock an “underperform” rating in a research report on Thursday, December 4th. Citigroup upped their target price on GlobalFoundries from $42.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Evercore raised their price target on GlobalFoundries from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, November 13th. Finally, Dbs Bank lowered GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 13th. Six equities 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.13.

GlobalFoundries Stock Up 1.3%

Shares of GFS stock opened at $47.55 on Friday. GlobalFoundries Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $50.98. The firm has a market capitalization of $26.29 billion, a PE ratio of 29.91, a P/E/G ratio of 1.85 and a beta of 1.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.62. The stock’s 50-day simple moving average is $42.28 and its 200-day simple moving average is $37.32.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Wednesday, February 11th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. GlobalFoundries had a return on equity of 6.86% and a net margin of 13.05%.The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. GlobalFoundries’s revenue for the quarter was up .0% on a year-over-year basis. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. Equities analysts expect 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.