GlobalFoundries Inc. $GFS Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 12.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 454,764 shares of the company’s stock after selling 64,984 shares during the period. Citigroup Inc.’s holdings in GlobalFoundries were worth $16,299,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GFS. Allworth Financial LP grew its holdings in GlobalFoundries by 85.5% during the second 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. First Horizon Corp purchased a new stake in GlobalFoundries in the 3rd quarter worth approximately $33,000. Frazier Financial Advisors LLC acquired a new stake in shares of GlobalFoundries during the 3rd quarter worth approximately $43,000. PNC Financial Services Group Inc. increased its holdings in shares of GlobalFoundries by 1,169.6% during 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 in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of GlobalFoundries in the 3rd quarter valued at $107,000.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Needham & Company LLC raised their target price on GlobalFoundries from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. UBS Group set a $50.00 price target on GlobalFoundries in a report on Thursday, February 12th. Susquehanna reiterated a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a research report on Thursday, February 12th. Finally, Evercore boosted their price objective on GlobalFoundries from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.13.

GlobalFoundries Stock Performance

Shares of NASDAQ:GFS opened at $47.55 on Friday. 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 business’s 50 day moving average price is $42.28 and its 200-day moving average price is $37.32. The firm has a market capitalization of $26.29 billion, a PE ratio of 29.91, a P/E/G ratio of 1.85 and a beta of 1.50. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $50.98.

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

About GlobalFoundries

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.