Adage Capital Partners GP L.L.C. Purchases 25,000 Shares of GlobalFoundries Inc. $GFS

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in GlobalFoundries Inc. by 6.7%, owning 400,000 shares valued at approximately $14.76 million.
• Several institutional investors, including Pacer Advisors Inc. which raised holdings by 8,540.7%, have significantly increased their investments in GlobalFoundries.
• The company reported an earnings per share of $0.42 for the last quarter, exceeding analysts' expectations, while projecting Q3 2025 EPS guidance between 0.330 and 0.430.

Adage Capital Partners GP L.L.C. boosted its position in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 6.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,000 shares of the company's stock after acquiring an additional 25,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.07% of GlobalFoundries worth $14,764,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of GlobalFoundries by 17.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,187 shares of the company's stock worth $1,339,000 after buying an additional 4,624 shares during the period. BNP Paribas Financial Markets acquired a new stake in GlobalFoundries during the fourth quarter worth approximately $22,912,000. Balyasny Asset Management L.P. bought a new stake in shares of GlobalFoundries during the fourth quarter worth approximately $11,778,000. Crestline Management LP grew its position in shares of GlobalFoundries by 141.1% in the fourth quarter. Crestline Management LP now owns 24,928 shares of the company's stock valued at $1,070,000 after purchasing an additional 14,589 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of GlobalFoundries by 42.4% in the fourth quarter. Deutsche Bank AG now owns 659,647 shares of the company's stock valued at $28,305,000 after purchasing an additional 196,290 shares during the last quarter.

Wall Street Analyst Weigh In

GFS has been the subject of several research reports. Morgan Stanley dropped their price target on GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. UBS Group lowered their price objective on GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Citigroup lifted their target price on GlobalFoundries from $35.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, July 7th. Arete Research set a $37.00 price target on shares of GlobalFoundries in a research note on Wednesday, August 27th. Finally, Wedbush dropped their price objective on shares of 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 and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $43.79.

GlobalFoundries Trading Up 1.0%

Shares of GFS stock traded up $0.33 during mid-day trading on Thursday, hitting $32.17. The company's stock had a trading volume of 2,308,177 shares, compared to its average volume of 2,250,167. The company's fifty day simple moving average is $36.05 and its 200-day simple moving average is $36.55. GlobalFoundries Inc. has a 52 week low of $29.77 and a 52 week 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 cap of $17.79 billion, a PE ratio of -153.18, a P/E/G ratio of 1.04 and a beta of 1.48.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the company earned $0.38 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. As a group, equities research analysts expect that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

GlobalFoundries Profile

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.