Nissay Asset Management Corp Japan ADV Boosts Stock Holdings in GlobalFoundries Inc. $GFS

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in GlobalFoundries by 13.3%, owning 197,957 shares worth approximately $7.3 million at the end of the reporting period.
• GlobalFoundries recently reported earnings of $0.42 per share, exceeding estimates, with revenues of $1.69 billion, indicating a 3.4% year-over-year growth.
• Analysts have mixed ratings for GlobalFoundries, with six rating it as a "Buy" and a consensus target price of $43.79, suggesting cautious optimism about the stock's performance.

Nissay Asset Management Corp Japan ADV grew its holdings in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 13.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,957 shares of the company's stock after acquiring an additional 23,216 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in GlobalFoundries were worth $7,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in shares of GlobalFoundries in the first quarter valued at about $33,000. Signaturefd LLC boosted its stake in GlobalFoundries by 51.3% during the first quarter. Signaturefd LLC now owns 1,026 shares of the company's stock valued at $38,000 after buying an additional 348 shares during the last quarter. Summit Securities Group LLC boosted its stake in GlobalFoundries by 142.2% during the first quarter. Summit Securities Group LLC now owns 1,298 shares of the company's stock valued at $48,000 after buying an additional 762 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in GlobalFoundries by 26.3% during the first quarter. SBI Securities Co. Ltd. now owns 1,539 shares of the company's stock valued at $57,000 after buying an additional 320 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in GlobalFoundries during the first quarter valued at approximately $102,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. The Goldman Sachs Group assumed coverage on GlobalFoundries in a research note on Thursday, July 10th. They set a "neutral" rating and a $40.00 price target for the company. UBS Group lowered their price objective on GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. 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 objective on the stock in a report on Wednesday, August 27th. Finally, Argus started coverage on GlobalFoundries in a report on Tuesday, July 1st. They set a "buy" rating and a $52.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, GlobalFoundries presently has a consensus rating of "Hold" and a consensus target price of $43.79.

GlobalFoundries Price Performance

Shares of GlobalFoundries stock traded down $0.31 on Friday, hitting $31.86. The company's stock had a trading volume of 572,556 shares, compared to its average volume of 2,117,930. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $47.69. The firm has a fifty day moving average price of $36.05 and a 200-day moving average price of $36.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.92 and a current ratio of 2.63. The company has a market capitalization of $17.62 billion, a price-to-earnings ratio of -151.60, a price-to-earnings-growth ratio of 1.04 and a beta of 1.48.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued 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 positive return on equity of 6.55% and a negative net margin of 1.68%.The business had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same period in the previous year, the firm posted $0.38 EPS. The business's revenue for the quarter 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, sell-side analysts anticipate that GlobalFoundries Inc. will post 1.31 earnings per share 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.