Alyeska Investment Group L.P. Acquires Shares of 1,097,076 GlobalFoundries Inc. $GFS

Key Points

• Alyeska Investment Group L.P. invested approximately $40.49 million in GlobalFoundries Inc., acquiring 1,097,076 shares and representing about 0.20% ownership in the company.
• Several large investors have also increased their positions in GlobalFoundries, with increases ranging from 9.6% to 49.0% during the first quarter.
• Analysts have mixed ratings on GlobalFoundries, with a current average rating of "Hold" and a price target averaging around $43.79, while some firms have lowered their targets to around $35.00.

Alyeska Investment Group L.P. bought a new stake in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,097,076 shares of the company's stock, valued at approximately $40,493,000. Alyeska Investment Group L.P. owned approximately 0.20% of GlobalFoundries at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in GlobalFoundries in the 1st quarter valued at about $33,000. Signaturefd LLC lifted its holdings in GlobalFoundries by 51.3% in the 1st quarter. Signaturefd LLC now owns 1,026 shares of the company's stock valued at $38,000 after purchasing an additional 348 shares in the last quarter. Summit Securities Group LLC lifted its holdings in GlobalFoundries by 142.2% in the 1st quarter. Summit Securities Group LLC now owns 1,298 shares of the company's stock valued at $48,000 after purchasing an additional 762 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in GlobalFoundries by 26.3% in the 1st 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 in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in GlobalFoundries in the 1st quarter valued at about $102,000.

GlobalFoundries Trading Down 1.4%

GFS traded down $0.45 on Tuesday, reaching $32.48. 687,172 shares of the company's stock were exchanged, compared to its average volume of 2,100,883. The company's 50 day moving average is $36.49 and its 200-day moving average is $36.68. The company has a market cap of $17.96 billion, a price-to-earnings ratio of -154.61, a PEG ratio of 1.09 and a beta of 1.48. GlobalFoundries Inc. has a twelve month low of $29.77 and a twelve month 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.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company earned $0.38 EPS. The company's 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 analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of GlobalFoundries in a report on Thursday, July 10th. They issued a "neutral" rating and a $40.00 target price on the stock. Morgan Stanley reduced their target price on shares of GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Argus began coverage on shares of GlobalFoundries in a research note on Tuesday, July 1st. They set a "buy" rating and a $52.00 price objective for the company. Arete Research set a $37.00 price objective on shares of GlobalFoundries in a research note on Wednesday, August 27th. Finally, Wall Street Zen downgraded shares of GlobalFoundries from a "buy" rating to a "hold" rating in a research note on Sunday. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $43.79.

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.