Amundi Sells 95,162 Shares of GlobalFoundries Inc. $GFS

Key Points

• Amundi reduced its stake in GlobalFoundries Inc. by 65.9%, selling 95,162 shares, leaving it with only 49,280 shares valued at approximately $1.69 million.
• Despite a year-over-year revenue increase of 3.4%, GlobalFoundries reported a negative net margin of 1.68% for the last quarter, though it beat earnings estimates.
• Analysts exhibit mixed sentiments on GlobalFoundries with ratings ranging from "buy" to "hold," while price targets vary from $35.00 to $52.00.

Amundi lowered its holdings in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 65.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,280 shares of the company's stock after selling 95,162 shares during the period. Amundi's holdings in GlobalFoundries were worth $1,694,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of GlobalFoundries by 15.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 126,266 shares of the company's stock worth $4,660,000 after acquiring an additional 17,143 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of GlobalFoundries by 9.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 907,446 shares of the company's stock worth $33,476,000 after acquiring an additional 79,670 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of GlobalFoundries by 49.0% in the first quarter. Janney Montgomery Scott LLC now owns 31,342 shares of the company's stock worth $1,157,000 after acquiring an additional 10,313 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of GlobalFoundries by 9,009.1% in the first quarter. GAMMA Investing LLC now owns 24,139 shares of the company's stock worth $891,000 after acquiring an additional 23,874 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of GlobalFoundries by 51.3% in the first quarter. Signaturefd LLC now owns 1,026 shares of the company's stock worth $38,000 after acquiring an additional 348 shares during the last quarter.

GlobalFoundries Stock Down 0.6%

GlobalFoundries stock traded down $0.20 during mid-day trading on Tuesday, hitting $32.02. 2,269,658 shares of the company's stock were exchanged, compared to its average volume of 2,135,441. The company has a current ratio of 2.63, a quick ratio of 1.92 and a debt-to-equity ratio of 0.13. The stock has a market cap of $17.70 billion, a P/E ratio of -152.47, a P/E/G ratio of 1.03 and a beta of 1.48. GlobalFoundries Inc. has a 1-year low of $29.77 and a 1-year high of $47.69. The stock has a 50 day moving average of $35.76 and a two-hundred day moving average of $36.40.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the business posted $0.38 earnings per share. 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. As a group, analysts anticipate that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GFS has been the topic of a number of research reports. Wall Street Zen raised shares of GlobalFoundries from a "hold" rating to a "buy" rating in a research note on Monday. Morgan Stanley dropped 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 note on Wednesday, August 6th. The Goldman Sachs Group initiated coverage on shares of GlobalFoundries in a research note on Thursday, July 10th. They issued a "neutral" rating and a $40.00 price target on the stock. Wedbush dropped their price target on shares of GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Finally, Arete raised shares of GlobalFoundries from a "sell" rating to a "neutral" rating and set a $37.00 price target on the stock in a research note on Wednesday, August 27th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, GlobalFoundries currently 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.