Charles Schwab Investment Management Inc. Purchases 50,050 Shares of GlobalFoundries Inc. $GFS

Key Points

• Charles Schwab Investment Management Inc. increased its stake in GlobalFoundries by 19% in Q1, owning 312,922 shares worth approximately $11.55 million.
• GlobalFoundries' stock showed a mixed performance, trading at $33.81 with a market cap of $18.69 billion and a negative net margin of -1.68%.
• Analysts have varying views on the stock, with a consensus rating of "Moderate Buy" and an average price target of $44.92 following recent adjustments from various financial institutions.

Charles Schwab Investment Management Inc. raised its position in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 19.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 312,922 shares of the company's stock after purchasing an additional 50,050 shares during the period. Charles Schwab Investment Management Inc. owned 0.06% of GlobalFoundries worth $11,550,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in GlobalFoundries during the 4th quarter worth about $1,004,000. Raymond James Financial Inc. acquired a new position in GlobalFoundries in the 4th quarter valued at about $2,006,000. Mariner LLC increased its position in GlobalFoundries by 5.5% during the 4th quarter. Mariner LLC now owns 8,111 shares of the company's stock worth $348,000 after purchasing an additional 420 shares during the period. Price T Rowe Associates Inc. MD increased its position in GlobalFoundries by 17.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,187 shares of the company's stock worth $1,339,000 after purchasing an additional 4,624 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of GlobalFoundries during the 4th quarter valued at approximately $16,091,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on GFS. Wedbush cut their price target on GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. Citigroup boosted their price target on shares of GlobalFoundries from $35.00 to $42.00 and gave the company a "neutral" rating in a report on Monday, July 7th. Arete upgraded shares of GlobalFoundries from a "sell" rating to a "neutral" rating and set a $37.00 price objective for the company in a research report on Wednesday. UBS Group lowered their price target on GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Finally, Argus assumed coverage on GlobalFoundries in a report on Tuesday, July 1st. They set a "buy" rating and a $52.00 price target for the company. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $43.79.

GlobalFoundries Trading Down 0.6%

Shares of NASDAQ:GFS traded down $0.19 during mid-day trading on Friday, reaching $33.39. The stock had a trading volume of 2,057,572 shares, compared to its average volume of 3,001,416. The firm has a 50 day simple moving average of $37.13 and a two-hundred day simple moving average of $37.22. 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 firm has a market cap of $18.46 billion, a PE ratio of -158.99, a price-to-earnings-growth ratio of 1.10 and a beta of 1.50. GlobalFoundries Inc. has a twelve month low of $29.77 and a twelve month high of $47.69.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, topping 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 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 firm posted $0.38 EPS. The business'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. On average, research analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

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.