Nuveen LLC Buys New Shares in GlobalFoundries Inc. $GFS

Key Points

• Nuveen LLC acquired 230,979 shares of GlobalFoundries Inc., worth approximately $8.5 million, indicating strong interest from institutional investors.
• Equities analysts have mixed outlooks on GlobalFoundries, with target prices ranging from $35.00 to $48.00, leading to an average rating of "Moderate Buy."
• GlobalFoundries reported earnings of $0.42 per share for its latest quarter, exceeding analyst expectations and showing a year-over-year revenue increase of 3.4%.

Nuveen LLC bought a new stake in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 230,979 shares of the company's stock, valued at approximately $8,525,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GFS. Renaissance Technologies LLC purchased a new position in GlobalFoundries in the fourth quarter valued at about $1,004,000. Raymond James Financial Inc. purchased a new position in GlobalFoundries in the fourth quarter valued at about $2,006,000. Mariner LLC lifted its stake in shares of GlobalFoundries by 5.5% during the 4th quarter. Mariner LLC now owns 8,111 shares of the company's stock valued at $348,000 after buying an additional 420 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of GlobalFoundries by 121.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 22,155 shares of the company's stock valued at $951,000 after buying an additional 12,142 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of GlobalFoundries by 17.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,187 shares of the company's stock valued at $1,339,000 after buying an additional 4,624 shares in the last quarter.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS traded down $0.19 during trading on Friday, reaching $33.39. The company had a trading volume of 2,057,572 shares, compared to its average volume of 3,001,416. The company has a fifty day moving average of $37.13 and a two-hundred day moving average of $37.22. The stock has a market capitalization of $18.46 billion, a P/E ratio of -158.99, a price-to-earnings-growth ratio of 1.10 and a beta of 1.50. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $47.69. The company has a current ratio of 2.63, a quick ratio of 1.92 and a debt-to-equity ratio of 0.13.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GFS shares. The Goldman Sachs Group started coverage on shares of GlobalFoundries in a research note on Thursday, July 10th. They set a "neutral" rating and a $40.00 price target on the stock. Wall Street Zen cut shares of GlobalFoundries from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Argus started coverage on shares of GlobalFoundries in a research note on Tuesday, July 1st. They set a "buy" rating and a $52.00 price target on the stock. Arete upgraded shares of GlobalFoundries from a "sell" rating to a "neutral" rating and set a $37.00 price target on the stock in a research note on Wednesday. Finally, Cantor Fitzgerald restated a "neutral" rating on shares of GlobalFoundries in a research note on Monday, May 5th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.