Graham Capital Management L.P. Purchases 7,768 Shares of GlobalFoundries Inc. $GFS

Key Points

• Graham Capital Management L.P. increased its stake in GlobalFoundries Inc. by 79.4% during Q1, reaching a total of 17,550 shares valued at approximately $648,000.
• Several other institutional investors have also adjusted their positions in GlobalFoundries, with notable increases from firms like Signaturefd LLC (51.3% increase) and Summit Securities Group LLC (142.2% increase).
• GlobalFoundries reported a Q2 earnings per share of $0.42, exceeding analyst expectations, with revenue of $1.69 billion, reflecting a 3.4% increase from the previous year.

Graham Capital Management L.P. lifted its position in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 79.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,550 shares of the company's stock after buying an additional 7,768 shares during the period. Graham Capital Management L.P.'s holdings in GlobalFoundries were worth $648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. grew its stake in GlobalFoundries by 15.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 126,266 shares of the company's stock valued at $4,660,000 after acquiring an additional 17,143 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of GlobalFoundries by 9.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 907,446 shares of the company's stock valued at $33,476,000 after purchasing an additional 79,670 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of GlobalFoundries by 49.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 31,342 shares of the company's stock valued at $1,157,000 after purchasing an additional 10,313 shares in the last quarter. GAMMA Investing LLC grew its position in shares of GlobalFoundries by 9,009.1% in the 1st quarter. GAMMA Investing LLC now owns 24,139 shares of the company's stock valued at $891,000 after purchasing an additional 23,874 shares during the period. Finally, Signaturefd LLC increased its stake in GlobalFoundries by 51.3% during the 1st quarter. Signaturefd LLC now owns 1,026 shares of the company's stock worth $38,000 after purchasing an additional 348 shares in the last quarter.

GlobalFoundries Stock Up 1.0%

NASDAQ:GFS traded up $0.33 on Thursday, hitting $32.17. 2,308,177 shares of the company's stock were exchanged, compared to its average volume of 2,250,167. The firm has a 50-day moving average price of $36.05 and a 200-day moving average price of $36.55. GlobalFoundries Inc. has a 52 week low of $29.77 and a 52 week high of $47.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.92. The company has a market cap of $17.79 billion, a P/E ratio of -153.18, a price-to-earnings-growth ratio of 1.04 and a beta of 1.48.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) 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 business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. GlobalFoundries's quarterly revenue was up 3.4% on a year-over-year basis. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. As a group, analysts expect that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GFS has been the topic of a number of research reports. 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 research note on Wednesday, August 6th. Argus assumed coverage on shares of GlobalFoundries in a research report on Tuesday, July 1st. They issued a "buy" rating and a $52.00 price objective on the stock. Arete Research set a $37.00 target price on shares of GlobalFoundries in a research note on Wednesday, August 27th. Citigroup increased their target price on GlobalFoundries from $35.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, July 7th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $43.79.

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.