GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) was the target of unusually large options trading on Friday. Investors acquired 6,460 call options on the stock. This is an increase of 522% compared to the typical volume of 1,039 call options.
GlobalFoundries Price Performance
GlobalFoundries stock traded up $1.57 during mid-day trading on Friday, hitting $34.41. 2,529,169 shares of the company were exchanged, compared to its average volume of 2,171,159. 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 business's 50 day simple moving average is $34.49 and its two-hundred day simple moving average is $36.12. The company has a market capitalization of $19.03 billion, a P/E ratio of -163.90, a PEG ratio of 1.08 and a beta of 1.48. GlobalFoundries has a 12-month low of $29.77 and a 12-month 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 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 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 business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. Analysts forecast that GlobalFoundries will post 1.31 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Morgan Stanley decreased their target price on GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Citigroup increased their target price 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 target price on GlobalFoundries in a research note on Wednesday, August 27th. UBS Group decreased their target price 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, The Goldman Sachs Group started coverage on GlobalFoundries in a research report on Thursday, July 10th. They issued a "neutral" rating and a $40.00 price target on the stock. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $43.79.
Check Out Our Latest Stock Analysis on GlobalFoundries
Institutional Investors Weigh In On GlobalFoundries
A number of institutional investors have recently added to or reduced their stakes in GFS. Toronto Dominion Bank lifted its stake in shares of GlobalFoundries by 110.2% during the fourth quarter. Toronto Dominion Bank now owns 16,500 shares of the company's stock worth $708,000 after purchasing an additional 8,649 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of GlobalFoundries during the fourth quarter worth about $204,000. GAMMA Investing LLC lifted its stake in shares of GlobalFoundries by 9,009.1% in the first quarter. GAMMA Investing LLC now owns 24,139 shares of the company's stock worth $891,000 after acquiring an additional 23,874 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of GlobalFoundries by 1.5% in the first quarter. Rhumbline Advisers now owns 90,226 shares of the company's stock worth $3,330,000 after acquiring an additional 1,311 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. lifted its stake in shares of GlobalFoundries by 21.1% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 11,470 shares of the company's stock worth $423,000 after acquiring an additional 2,000 shares in the last quarter.
About GlobalFoundries
(
Get Free Report)
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.
Further Reading
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