Strs Ohio Takes $1.16 Million Position in GlobalFoundries Inc. $GFS

Key Points

• Strs Ohio has purchased a new stake in GlobalFoundries Inc., acquiring 31,533 shares valued at approximately $1,164,000 in the first quarter.
• Several other investors have also changed their positions, including Banque Cantonale Vaudoise, which acquired a new stake valued at $33,000, and Signaturefd LLC, which increased its stake by 51.3%.
• GlobalFoundries reported $0.42 EPS for the last quarter, beating estimates, with a revenue of $1.69 billion for the quarter, representing a year-over-year increase of 3.4%.

Strs Ohio acquired a new stake in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,533 shares of the company's stock, valued at approximately $1,164,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in GlobalFoundries during the first quarter valued at approximately $33,000. Signaturefd LLC grew 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 purchasing an additional 348 shares in the last quarter. Summit Securities Group LLC grew 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 purchasing an additional 762 shares in the last quarter. SBI Securities Co. Ltd. grew 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 purchasing 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.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. UBS Group lowered their price objective on shares of GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Arete raised shares of GlobalFoundries from a "sell" rating to a "neutral" rating and set a $37.00 target price for the company in a research report on Wednesday, August 27th. Citigroup boosted their target price on shares of GlobalFoundries from $35.00 to $42.00 and gave the stock a "neutral" rating in a research report on Monday, July 7th. The Goldman Sachs Group began coverage on shares of GlobalFoundries in a research report on Thursday, July 10th. They issued a "neutral" rating and a $40.00 target price for the company. Finally, Arete Research set a $37.00 target price on shares of GlobalFoundries in a research report on Wednesday, August 27th. Six 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, GlobalFoundries has a consensus rating of "Hold" and an average price target of $43.79.

GlobalFoundries Stock Performance

Shares of NASDAQ GFS traded down $0.37 during trading hours on Friday, hitting $32.90. 6,924,762 shares of the stock were exchanged, compared to its average volume of 2,593,947. 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's 50 day moving average is $35.06 and its 200 day moving average is $36.26. The firm has a market capitalization of $18.19 billion, a P/E ratio of -156.66, a P/E/G ratio of 1.07 and a beta of 1.48. GlobalFoundries Inc. has a one year low of $29.77 and a one year high of $47.69.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 1.68% and a positive return on equity of 6.55%. The company had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter in the prior year, the company posted $0.38 EPS. The business'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. On average, research analysts expect that GlobalFoundries Inc. will post 1.31 EPS for the current year.

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.