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 cut 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 fund owned 49,280 shares of the company's stock after selling 95,162 shares during the quarter. Amundi's holdings in GlobalFoundries were worth $1,694,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in GlobalFoundries in the first quarter valued at approximately $33,000. Signaturefd LLC lifted its stake in 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 acquiring an additional 348 shares during the last quarter. Summit Securities Group LLC lifted its stake in GlobalFoundries by 142.2% in the first quarter. Summit Securities Group LLC now owns 1,298 shares of the company's stock valued at $48,000 after acquiring an additional 762 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in 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 acquiring an additional 320 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in GlobalFoundries in the first quarter valued at approximately $102,000.

GlobalFoundries Price Performance

Shares of GFS traded up $1.07 during trading hours on Thursday, hitting $33.27. The stock had a trading volume of 2,929,771 shares, compared to its average volume of 2,279,748. The company's fifty day moving average is $35.23 and its two-hundred day moving average is $36.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.92. GlobalFoundries Inc. has a 52 week low of $29.77 and a 52 week high of $47.69. The stock has a market capitalization of $18.40 billion, a price-to-earnings ratio of -158.42, a P/E/G ratio of 1.05 and a beta of 1.48.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share 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 business 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 firm earned $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. On average, analysts anticipate that GlobalFoundries Inc. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GFS. Citigroup lifted their target price on shares of GlobalFoundries from $35.00 to $42.00 and gave the company a "neutral" rating in a research note on Monday, July 7th. Argus initiated coverage on shares of GlobalFoundries in a report on Tuesday, July 1st. They set a "buy" rating and a $52.00 price objective for the company. Morgan Stanley decreased their price objective on shares of GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. The Goldman Sachs Group started coverage on shares of GlobalFoundries in a report on Thursday, July 10th. They set a "neutral" rating and a $40.00 price objective for the company. Finally, Arete Research set a $37.00 target price on shares of GlobalFoundries in a research note on Wednesday, August 27th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target 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.