First Trust Advisors LP Buys 350,743 Shares of GlobalFoundries Inc. $GFS

First Trust Advisors LP raised its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 15.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,659,454 shares of the company’s stock after purchasing an additional 350,743 shares during the quarter. First Trust Advisors LP’s holdings in GlobalFoundries were worth $95,315,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Clearstead Advisors LLC boosted its stake in GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after acquiring an additional 387 shares during the last quarter. First Horizon Corp bought a new position in shares of GlobalFoundries during the third quarter worth $33,000. Allworth Financial LP boosted its position in shares of GlobalFoundries by 85.5% during the second quarter. Allworth Financial LP now owns 894 shares of the company’s stock worth $34,000 after purchasing an additional 412 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of GlobalFoundries in the 3rd quarter valued at $43,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of 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 buying an additional 1,579 shares during the period.

Analyst Ratings Changes

Several analysts recently commented on GFS shares. Needham & Company LLC raised their price objective on GlobalFoundries from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. decreased their target price on GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Evercore raised their price target on GlobalFoundries from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, November 13th. Zacks Research upgraded GlobalFoundries from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Finally, Wall Street Zen lowered GlobalFoundries from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Six equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.13.

GlobalFoundries Trading Up 1.1%

GFS opened at $47.38 on Tuesday. The stock has a market capitalization of $26.34 billion, a P/E ratio of 29.80, a P/E/G ratio of 1.85 and a beta of 1.47. The company has a current ratio of 2.62, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $50.98. The firm’s fifty day simple moving average is $43.71 and its 200 day simple moving average is $38.00.

GlobalFoundries (NASDAQ:GFS) last released its earnings results 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. 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 analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the company earned $0.46 EPS. The company’s revenue was up .0% on a year-over-year basis. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. As a group, research analysts anticipate that GlobalFoundries Inc. will post 1.31 EPS 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.