Canada Pension Plan Investment Board Has $9.92 Million Stock Position in GlobalFoundries Inc. $GFS

Key Points

• The Canada Pension Plan Investment Board increased its stake in GlobalFoundries Inc. by 40.6% in the first quarter, now holding shares valued at $9.92 million.
• GlobalFoundries reported earnings of $0.42 per share for the last quarter, beating estimates and with a revenue increase of 3.4% year-over-year.
• Several analysts have updated their ratings on GlobalFoundries, with the stock currently holding an average rating of "Hold" and a consensus price target of $43.79.

Canada Pension Plan Investment Board increased its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 40.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 268,753 shares of the company's stock after purchasing an additional 77,544 shares during the period. Canada Pension Plan Investment Board's holdings in GlobalFoundries were worth $9,920,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in GlobalFoundries in the first quarter worth approximately $33,000. Signaturefd LLC boosted its holdings in 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 in the last quarter. Summit Securities Group LLC boosted its holdings in GlobalFoundries by 142.2% in the first quarter. Summit Securities Group LLC now owns 1,298 shares of the company's stock worth $48,000 after acquiring an additional 762 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in GlobalFoundries by 26.3% in the first quarter. SBI Securities Co. Ltd. now owns 1,539 shares of the company's stock worth $57,000 after acquiring an additional 320 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in GlobalFoundries in the first quarter worth approximately $102,000.

GlobalFoundries Stock Down 0.7%

GFS stock opened at $33.16 on Wednesday. GlobalFoundries Inc. has a twelve month low of $29.77 and a twelve month high of $47.69. The company has a quick ratio of 1.92, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. The stock's 50 day moving average is $36.91 and its 200-day moving average is $37.05. The firm has a market capitalization of $18.33 billion, a PE ratio of -157.90, a P/E/G ratio of 1.09 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, beating analysts' consensus estimates 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 last year, the company earned $0.38 earnings per share. The company's revenue for the quarter was up 3.4% on a year-over-year basis. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. Sell-side analysts expect that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group cut their price target on GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Wall Street Zen upgraded GlobalFoundries from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup increased their price target on GlobalFoundries from $35.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, July 7th. Arete upgraded GlobalFoundries from a "sell" rating to a "neutral" rating and set a $37.00 price target on the stock in a report on Wednesday, August 27th. Finally, Morgan Stanley dropped their target price on GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, GlobalFoundries currently has an average rating of "Hold" and a consensus 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.

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