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

Charles Schwab Investment Management Inc. grew its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 19.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 312,922 shares of the company's stock after acquiring an additional 50,050 shares during the period. Charles Schwab Investment Management Inc. owned about 0.06% of GlobalFoundries worth $11,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ING Groep NV increased its position in GlobalFoundries by 33.1% in the 1st quarter. ING Groep NV now owns 17,976 shares of the company's stock valued at $663,000 after buying an additional 4,474 shares in the last quarter. US Bancorp DE increased its holdings in GlobalFoundries by 132.2% during the 1st quarter. US Bancorp DE now owns 8,121 shares of the company's stock worth $300,000 after acquiring an additional 4,623 shares during the period. Bayforest Capital Ltd bought a new stake in GlobalFoundries during the 1st quarter worth approximately $180,000. XTX Topco Ltd bought a new position in shares of GlobalFoundries in the 1st quarter worth $726,000. Finally, Harvest Fund Management Co. Ltd raised its position in GlobalFoundries by 7.3% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 34,911 shares of the company's stock worth $1,289,000 after purchasing an additional 2,386 shares during the period.

GlobalFoundries Stock Performance

Shares of NASDAQ GFS opened at $34.49 on Monday. 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 company has a 50 day simple moving average of $37.46 and a two-hundred day simple moving average of $37.37. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $47.69. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of -164.23, a PEG ratio of 1.13 and a beta of 1.50.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group cut their price target on shares of GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. The Goldman Sachs Group began coverage on shares of GlobalFoundries in a research report on Thursday, July 10th. They set a "neutral" rating and a $40.00 price objective on the stock. Argus began coverage on shares of GlobalFoundries in a research report on Tuesday, July 1st. They issued a "buy" rating and a $52.00 price target on the stock. Morgan Stanley reduced their price objective on shares of GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Finally, Wedbush lowered their price objective on shares of GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $44.92.

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.

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