111 Capital Buys New Position in GlobalFoundries Inc. $GFS

Key Points

• 111 Capital has acquired a new position in GlobalFoundries Inc., purchasing 8,990 shares valued at approximately $343,000 during the 2nd quarter.
• GlobalFoundries reported a quarterly earnings of $0.42 per share, surpassing analysts' expectations, and had a revenue of $1.69 billion, up 3.4% from the previous year.
• Several hedge funds have significantly increased their stakes in GlobalFoundries, with Pacer Advisors boosting their position by an astonishing 8,540.7% in the 1st quarter.

111 Capital bought a new stake in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,990 shares of the company's stock, valued at approximately $343,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GFS. Pacer Advisors Inc. boosted its position in shares of GlobalFoundries by 8,540.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company's stock valued at $91,265,000 after purchasing an additional 2,444,018 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of GlobalFoundries in the 1st quarter valued at $40,493,000. Woodline Partners LP acquired a new position in shares of GlobalFoundries in the 1st quarter valued at $33,504,000. Nuveen LLC acquired a new position in shares of GlobalFoundries in the 1st quarter valued at $8,525,000. Finally, Invesco Ltd. boosted its position in shares of GlobalFoundries by 6.9% in the 1st quarter. Invesco Ltd. now owns 2,491,747 shares of the company's stock valued at $91,970,000 after purchasing an additional 159,936 shares during the period.

GlobalFoundries Stock Up 0.4%

GFS opened at $35.94 on Tuesday. GlobalFoundries Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $47.69. The business has a 50-day moving average of $33.87 and a 200-day moving average of $35.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.92. The company has a market capitalization of $19.87 billion, a PE ratio of -171.13, a price-to-earnings-growth ratio of 1.17 and a beta of 1.49.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. GlobalFoundries had a positive return on equity of 6.55% and a negative net margin of 1.68%.The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the business earned $0.38 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. Equities research analysts forecast that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on GFS. Arete Research set a $37.00 price target on GlobalFoundries in a research report on Wednesday, August 27th. Weiss Ratings reissued a "sell (d)" rating on shares of GlobalFoundries in a research note on Saturday, September 27th. Citigroup increased their price objective on GlobalFoundries from $35.00 to $42.00 and gave the stock a "neutral" rating in a research note on Monday, July 7th. Arete raised GlobalFoundries from a "sell" rating to a "neutral" rating and set a $37.00 price objective for the company in a research note on Wednesday, August 27th. Finally, Wedbush reduced their price objective on GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, GlobalFoundries has an average rating of "Hold" and an average target price of $43.79.

About GlobalFoundries

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.

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