AXQ Capital LP Trims Stock Holdings in GlobalFoundries Inc. $GFS

AXQ Capital LP lowered its holdings in GlobalFoundries Inc. (NASDAQ:GFS) by 62.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,207 shares of the company’s stock after selling 15,245 shares during the quarter. AXQ Capital LP’s holdings in GlobalFoundries were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of GFS. Royal Bank of Canada boosted its holdings in GlobalFoundries by 4.4% in the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after buying an additional 660 shares during the period. AQR Capital Management LLC lifted its position in shares of GlobalFoundries by 77.6% during the first quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock worth $3,679,000 after acquiring an additional 44,599 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of GlobalFoundries by 7,120.1% in the first quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock worth $450,000 after acquiring an additional 12,033 shares during the period. CWM LLC grew its position in shares of GlobalFoundries by 311.5% in the second quarter. CWM LLC now owns 4,745 shares of the company’s stock valued at $181,000 after purchasing an additional 3,592 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of GlobalFoundries by 4.8% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,288 shares of the company’s stock valued at $5,053,000 after purchasing an additional 6,022 shares during the period.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS opened at $48.86 on Thursday. The company’s fifty day moving average price is $41.84 and its 200-day moving average price is $37.14. GlobalFoundries Inc. has a one year low of $29.77 and a one year high of $50.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.62 and a quick ratio of 1.95. The firm has a market capitalization of $27.02 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 1.88 and a beta of 1.50.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.80 billion. GlobalFoundries had a return on equity of 6.86% and a net margin of 13.05%.The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. On average, equities research analysts anticipate that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Evercore raised their target price on GlobalFoundries from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 13th. Citigroup increased their price target on shares of GlobalFoundries from $42.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Robert W. Baird boosted their price objective on shares of GlobalFoundries from $40.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. The Goldman Sachs Group upped their target price on shares of GlobalFoundries from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Finally, Wedbush boosted their price target on shares of GlobalFoundries from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, GlobalFoundries currently has an average rating of “Hold” and a consensus target price of $46.13.

GlobalFoundries Company Profile

GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.