GlobalFoundries Inc. $GFS Shares Acquired by Nissay Asset Management Corp Japan ADV

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 increased its stake in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 13.3% 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 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 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Invesco Ltd. raised 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 valued at $91,970,000 after acquiring an additional 159,936 shares in the last quarter. Pacer Advisors Inc. increased its holdings in GlobalFoundries by 8,540.7% in the first quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company's stock valued at $91,265,000 after buying an additional 2,444,018 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in GlobalFoundries in the first quarter valued at $40,493,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in GlobalFoundries by 9.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 907,446 shares of the company's stock valued at $33,476,000 after buying an additional 79,670 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in GlobalFoundries by 42.4% in the fourth quarter. Deutsche Bank AG now owns 659,647 shares of the company's stock valued at $28,305,000 after buying an additional 196,290 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on GFS. Argus began coverage on GlobalFoundries in a report on Tuesday, July 1st. They issued a "buy" rating and a $52.00 target price on the stock. Arete raised GlobalFoundries from a "sell" rating to a "neutral" rating and set a $37.00 target price on the stock in a report on Wednesday, August 27th. Citigroup increased their target price on GlobalFoundries from $35.00 to $42.00 and gave the company a "neutral" rating in a report on Monday, July 7th. UBS Group dropped their target price on GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Finally, Wedbush dropped their target price on GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Six research 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, the company currently has a consensus rating of "Hold" and a consensus target price of $43.79.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $33.29 on Friday. The stock's 50-day moving average is $36.60 and its two-hundred day moving average is $36.80. The firm has a market cap of $18.41 billion, a price-to-earnings ratio of -158.52, a PEG ratio of 1.09 and a beta of 1.48. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $47.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.92 and a current ratio of 2.63.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. GlobalFoundries had a positive return on equity of 6.55% and a negative net margin of 1.68%.The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 earnings per share. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. Analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current 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.

Want to see what other hedge funds are holding GFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GlobalFoundries Inc. (NASDAQ:GFS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.