907,731 Shares in GlobalFoundries Inc. $GFS Acquired by Woodline Partners LP

Key Points

• Woodline Partners LP acquired 907,731 shares of GlobalFoundries Inc., valued at approximately $33.5 million, increasing its stake to about 0.16% of the company.
• GlobalFoundries reported earnings of $0.42 per share for its last quarter, exceeding the consensus estimate of $0.36 and indicating a revenue increase of 3.4% year-over-year.
• Analysts have rated GlobalFoundries with a consensus rating of "Hold" and set a target price averaging $43.79, with several firms adjusting their targets recently.

Woodline Partners LP purchased a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 907,731 shares of the company's stock, valued at approximately $33,504,000. Woodline Partners LP owned approximately 0.16% of GlobalFoundries at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GFS. SBI Securities Co. Ltd. raised its position in shares of GlobalFoundries by 26.3% in the first quarter. SBI Securities Co. Ltd. now owns 1,539 shares of the company's stock valued at $57,000 after purchasing an additional 320 shares during the period. Signaturefd LLC raised its position in shares of GlobalFoundries by 51.3% in the first quarter. Signaturefd LLC now owns 1,026 shares of the company's stock valued at $38,000 after purchasing an additional 348 shares during the period. Royal Bank of Canada raised its position in shares of GlobalFoundries by 4.4% in the first quarter. Royal Bank of Canada now owns 15,583 shares of the company's stock valued at $575,000 after purchasing an additional 660 shares during the period. American Century Companies Inc. raised its position in shares of GlobalFoundries by 2.9% in the first quarter. American Century Companies Inc. now owns 26,703 shares of the company's stock valued at $986,000 after purchasing an additional 754 shares during the period. Finally, Summit Securities Group LLC increased its position in GlobalFoundries by 142.2% during the first quarter. Summit Securities Group LLC now owns 1,298 shares of the company's stock worth $48,000 after acquiring an additional 762 shares during the period.

GlobalFoundries Price Performance

Shares of GFS traded up $0.30 during mid-day trading on Monday, reaching $31.97. The company had a trading volume of 851,498 shares, compared to its average volume of 2,118,401. The company's 50 day simple moving average is $35.89 and its 200 day simple moving average is $36.45. GlobalFoundries Inc. has a 1-year low of $29.77 and a 1-year high of $47.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.92 and a current ratio of 2.63. The company has a market capitalization of $17.68 billion, a price-to-earnings ratio of -152.28, a P/E/G ratio of 1.03 and a beta of 1.48.

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, beating analysts' consensus estimates of $0.36 by $0.06. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.55%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the company posted $0.38 EPS. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. Analysts expect that GlobalFoundries Inc. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on GFS. Wedbush lowered their price target on shares of GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Argus began coverage on shares of GlobalFoundries in a research report on Tuesday, July 1st. They set a "buy" rating and a $52.00 price target on the stock. Morgan Stanley lowered their price target on shares of GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. The Goldman Sachs Group began coverage on shares of GlobalFoundries in a research report on Thursday, July 10th. They set a "neutral" rating and a $40.00 price target on the stock. Finally, Wall Street Zen raised shares of GlobalFoundries from a "hold" rating to a "buy" rating in a research report on Monday. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.