16,577 Shares in GlobalFoundries Inc. $GFS Bought by Vident Advisory LLC

Key Points

• Vident Advisory LLC has made a new investment in GlobalFoundries Inc., acquiring 16,577 shares valued at approximately $612,000.
• The company's quarterly earnings report showed a profit of $0.42 EPS, which surpassed analysts' expectations of $0.36.
• GlobalFoundries has a consensus rating of "Hold" among analysts, with a price target averaging $43.79.

Vident Advisory LLC acquired a new stake in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,577 shares of the company's stock, valued at approximately $612,000.

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of GlobalFoundries by 15.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 126,266 shares of the company's stock worth $4,660,000 after acquiring an additional 17,143 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of GlobalFoundries by 9.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 907,446 shares of the company's stock worth $33,476,000 after acquiring an additional 79,670 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of GlobalFoundries by 49.0% in the first quarter. Janney Montgomery Scott LLC now owns 31,342 shares of the company's stock worth $1,157,000 after acquiring an additional 10,313 shares during the last quarter. GAMMA Investing LLC boosted its stake in GlobalFoundries by 9,009.1% during the first quarter. GAMMA Investing LLC now owns 24,139 shares of the company's stock worth $891,000 after buying an additional 23,874 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in GlobalFoundries by 51.3% during the first quarter. Signaturefd LLC now owns 1,026 shares of the company's stock worth $38,000 after buying an additional 348 shares during the last quarter.

GlobalFoundries Trading Up 1.0%

NASDAQ:GFS traded up $0.33 on Thursday, reaching $32.17. The company's stock had a trading volume of 2,308,177 shares, compared to its average volume of 2,250,167. GlobalFoundries Inc. has a 12-month low of $29.77 and a 12-month 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. The firm has a market cap of $17.79 billion, a price-to-earnings ratio of -153.18, a price-to-earnings-growth ratio of 1.04 and a beta of 1.48. The stock has a 50 day moving average price of $36.05 and a 200 day moving average price of $36.55.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.38 EPS. 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 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on GFS shares. Argus started coverage on GlobalFoundries in a research note on Tuesday, July 1st. They set a "buy" rating and a $52.00 price objective on the stock. Citigroup boosted their price objective on GlobalFoundries from $35.00 to $42.00 and gave the stock a "neutral" rating in a research note on Monday, July 7th. Arete Research set a $37.00 price objective on GlobalFoundries in a research note on Wednesday, August 27th. UBS Group lowered their price objective on GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Finally, Morgan Stanley reduced their target price on GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.