Rafferty Asset Management LLC Grows Stake in GlobalFoundries Inc. $GFS

Key Points

• Rafferty Asset Management LLC increased its holdings in GlobalFoundries by 6.7%, acquiring an additional 20,678 shares, bringing its total to 328,720 shares valued at approximately $12.13 million.
• GlobalFoundries reported a quarterly EPS of $0.42, exceeding analysts' expectations, with revenues increasing by 3.4% year-over-year.
• Wall Street analysts have mixed ratings on GlobalFoundries, with an average price target of $43.79, reflecting a combination of buy and hold recommendations.

Rafferty Asset Management LLC raised its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 6.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 328,720 shares of the company's stock after purchasing an additional 20,678 shares during the period. Rafferty Asset Management LLC owned 0.06% of GlobalFoundries worth $12,133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SBI Securities Co. Ltd. raised its position in GlobalFoundries by 26.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,539 shares of the company's stock valued at $57,000 after purchasing an additional 320 shares during the last quarter. Signaturefd LLC raised its position in GlobalFoundries by 51.3% during the 1st quarter. Signaturefd LLC now owns 1,026 shares of the company's stock valued at $38,000 after purchasing an additional 348 shares during the last quarter. Mariner LLC raised its position in 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 purchasing an additional 420 shares during the last quarter. American Century Companies Inc. raised its position in GlobalFoundries by 2.9% during the 1st quarter. American Century Companies Inc. now owns 26,703 shares of the company's stock valued at $986,000 after purchasing an additional 754 shares during the last quarter. Finally, Summit Securities Group LLC raised its position in GlobalFoundries by 142.2% during the 1st quarter. Summit Securities Group LLC now owns 1,298 shares of the company's stock valued at $48,000 after purchasing an additional 762 shares during the last quarter.

Analyst Ratings Changes

GFS has been the subject of several research reports. The Goldman Sachs Group initiated coverage on GlobalFoundries in a research report on Thursday, July 10th. They issued a "neutral" rating and a $40.00 target price for the company. Arete Research set a $37.00 target price on GlobalFoundries in a research report on Wednesday. Morgan Stanley decreased their target price on GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Wedbush decreased their target price on GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Finally, Citigroup raised their price objective on GlobalFoundries from $35.00 to $42.00 and gave the company a "neutral" rating in a research report on Monday, July 7th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, GlobalFoundries presently has an average rating of "Hold" and a consensus price target of $43.79.

GlobalFoundries Stock Down 0.6%

Shares of GlobalFoundries stock traded down $0.19 on Friday, reaching $33.39. The company's stock had a trading volume of 2,057,572 shares, compared to its average volume of 3,001,416. The company has a market capitalization of $18.46 billion, a price-to-earnings ratio of -158.99, a P/E/G ratio of 1.09 and a beta of 1.50. The firm's fifty day simple moving average is $37.13 and its two-hundred day simple moving average is $37.18. GlobalFoundries Inc. has a 52 week low of $29.77 and a 52 week high of $47.69. The company has a quick ratio of 1.92, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its 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 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 company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. Equities analysts anticipate that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

GlobalFoundries 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.