Quantbot Technologies LP Boosts Stake in GlobalFoundries Inc. $GFS

Key Points

• Quantbot Technologies LP significantly increased its stake in GlobalFoundries, growing its holdings by 88.6% with about 109,721 shares valued at approximately $4,050,000.
• GlobalFoundries reported earnings of $0.42 per share for the last quarter, which surpassed analyst expectations and marked a 3.4% year-over-year revenue increase to $1.69 billion.
• Current market analysts maintain a Moderate Buy consensus on GlobalFoundries stock, with an average price target of $44.92.

Quantbot Technologies LP grew its stake in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 88.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 109,721 shares of the company's stock after buying an additional 51,546 shares during the quarter. Quantbot Technologies LP's holdings in GlobalFoundries were worth $4,050,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GFS. Banque Cantonale Vaudoise purchased a new position in GlobalFoundries during the first quarter valued at approximately $33,000. Signaturefd LLC raised its position 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 acquiring an additional 348 shares in 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 valued at $48,000 after acquiring an additional 762 shares in 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 valued at $57,000 after acquiring an additional 320 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in GlobalFoundries during the first quarter valued at approximately $102,000.

GlobalFoundries Price Performance

Shares of GFS stock traded down $0.37 during trading hours on Monday, reaching $34.12. The company had a trading volume of 589,722 shares, compared to its average volume of 2,092,089. 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 stock has a fifty day moving average of $37.46 and a 200-day moving average of $37.37. The company has a market capitalization of $18.87 billion, a price-to-earnings ratio of -162.48, a PEG ratio of 1.13 and a beta of 1.50. GlobalFoundries Inc. has a 12-month low of $29.77 and a 12-month high of $47.69.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly 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. The business had revenue of $1.69 billion during 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 revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. On average, equities analysts anticipate that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

GFS has been the subject of a number of analyst reports. Wall Street Zen cut GlobalFoundries from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Argus initiated coverage on GlobalFoundries in a report on Tuesday, July 1st. They issued a "buy" rating and a $52.00 price target for the company. The Goldman Sachs Group initiated coverage on GlobalFoundries in a report on Thursday, July 10th. They issued a "neutral" rating and a $40.00 price target for the company. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of GlobalFoundries in a report on Monday, May 5th. Finally, Morgan Stanley reduced their price target on GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $44.92.

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.