Kodai Capital Management LP Makes New $3.40 Million Investment in GlobalFoundries Inc. $GFS

Key Points

• Kodai Capital Management LP has made a new investment of approximately $3.40 million in GlobalFoundries Inc., acquiring 92,019 shares of the company's stock.
• Several other large investors have also increased or established stakes in GlobalFoundries, contributing to significant changes in institutional ownership.
• GlobalFoundries recently reported earnings, exceeding estimates with $0.42 EPS compared to the expected $0.36, alongside revenue of $1.69 billion for the quarter.

Kodai Capital Management LP purchased a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 92,019 shares of the company's stock, valued at approximately $3,396,000.

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

GlobalFoundries Stock Performance

Shares of GFS traded down $0.47 during midday trading on Thursday, hitting $32.75. 621,758 shares of the stock traded hands, compared to its average volume of 2,095,944. GlobalFoundries Inc. has a 1-year low of $29.77 and a 1-year high of $47.69. The business's 50 day moving average price is $36.81 and its two-hundred day moving average price is $37.02. 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 firm has a market capitalization of $18.11 billion, a PE ratio of -155.92, a price-to-earnings-growth ratio of 1.09 and a beta of 1.48.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates 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 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 business earned $0.38 earnings per share. The company'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. Equities research analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GFS. The Goldman Sachs Group began coverage on shares of GlobalFoundries in a research note on Thursday, July 10th. They set a "neutral" rating and a $40.00 price objective for the company. Wedbush dropped their price objective on shares of GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. UBS Group decreased 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. Wall Street Zen raised shares of GlobalFoundries from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Morgan Stanley decreased their price target on shares of GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $43.79.

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.