GlobalFoundries Inc. $GFS Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in GlobalFoundries Inc. by 58.9%, selling 16,703 shares and now owning 11,648 shares valued at approximately $436,000.
• Several hedge funds have increased their holdings in GlobalFoundries, with Quantbot Technologies LP boosting its stake by 88.6%, now owning 109,721 shares worth $4,050,000.
• GlobalFoundries reported earnings of $0.42 per share, exceeding consensus estimates and achieving a revenue of $1.69 billion for the quarter, up 3.4% from the previous year.

Banco Bilbao Vizcaya Argentaria S.A. reduced its holdings in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 58.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,648 shares of the company's stock after selling 16,703 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in GlobalFoundries were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Invesco Ltd. lifted its stake in shares of GlobalFoundries by 6.9% in the first quarter. Invesco Ltd. now owns 2,491,747 shares of the company's stock worth $91,970,000 after buying an additional 159,936 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in shares of GlobalFoundries by 5.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,473,170 shares of the company's stock worth $106,124,000 after buying an additional 132,634 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of GlobalFoundries by 8,540.7% in the first quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company's stock worth $91,265,000 after buying an additional 2,444,018 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted 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 buying an additional 79,670 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of GlobalFoundries by 42.4% in the fourth quarter. Deutsche Bank AG now owns 659,647 shares of the company's stock worth $28,305,000 after buying an additional 196,290 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GFS shares. Citigroup raised their price target on shares of GlobalFoundries from $35.00 to $42.00 and gave the stock a "neutral" rating in a research note on Monday, July 7th. Arete Research set a $37.00 price target on shares of GlobalFoundries in a research note on Wednesday. Argus initiated coverage on shares of GlobalFoundries in a research note on Tuesday, July 1st. They set a "buy" rating and a $52.00 target price on the stock. Wedbush reduced their target price 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, UBS Group reduced their target price on shares of GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $43.79.

GlobalFoundries Trading Down 0.3%

Shares of GFS traded down $0.09 during trading on Friday, reaching $33.49. 380,499 shares of the company traded hands, compared to its average volume of 2,090,731. GlobalFoundries Inc. has a twelve month low of $29.77 and a twelve month high of $47.69. The stock has a market cap of $18.52 billion, a PE ratio of -159.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.50. The stock has a 50-day simple moving average of $37.21 and a 200-day simple moving average of $37.27. The company has a quick ratio of 1.92, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.68 billion. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.55%. The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. On average, analysts anticipate that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

GlobalFoundries Company 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.