37,039 Shares in GlobalFoundries Inc. $GFS Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 37,039 shares of the company’s stock, valued at approximately $1,415,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Allworth Financial LP raised its holdings in shares of GlobalFoundries by 85.5% during the 2nd quarter. Allworth Financial LP now owns 894 shares of the company’s stock worth $34,000 after acquiring an additional 412 shares during the period. IFP Advisors Inc increased its position in GlobalFoundries by 824.7% during the second quarter. IFP Advisors Inc now owns 897 shares of the company’s stock worth $38,000 after purchasing an additional 800 shares during the last quarter. Summit Securities Group LLC raised its stake in GlobalFoundries by 142.2% during the first quarter. Summit Securities Group LLC now owns 1,298 shares of the company’s stock worth $48,000 after purchasing an additional 762 shares during the period. GAMMA Investing LLC raised its stake in GlobalFoundries by 134.1% during the second quarter. GAMMA Investing LLC now owns 1,531 shares of the company’s stock worth $58,000 after purchasing an additional 877 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in GlobalFoundries by 1,169.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,714 shares of the company’s stock valued at $65,000 after purchasing an additional 1,579 shares during the last quarter.

GlobalFoundries Trading Up 3.6%

Shares of NASDAQ GFS opened at $38.95 on Friday. The company has a current ratio of 3.03, a quick ratio of 2.24 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $21.54 billion, a PE ratio of -432.73, a PEG ratio of 1.56 and a beta of 1.49. GlobalFoundries Inc. has a twelve month low of $29.77 and a twelve month high of $47.69. The stock has a fifty day simple moving average of $35.03 and a 200-day simple moving average of $35.85.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results on Wednesday, November 12th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.68 billion. GlobalFoundries had a negative net margin of 0.65% and a positive return on equity of 6.64%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 earnings per share. GlobalFoundries has set its Q4 2025 guidance at 0.420-0.520 EPS. On average, equities analysts forecast that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GFS. Weiss Ratings reissued a “sell (d)” rating on shares of GlobalFoundries in a research note on Wednesday, October 8th. BNP Paribas Exane assumed coverage on GlobalFoundries in a research report on Friday, October 24th. They issued an “outperform” rating and a $45.00 price objective for the company. Wall Street Zen downgraded GlobalFoundries from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Citigroup decreased their price target on GlobalFoundries from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. cut their price objective on GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.36.

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.