1,097,076 Shares in GlobalFoundries Inc. $GFS Acquired by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. acquired a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 1,097,076 shares of the company’s stock, valued at approximately $40,493,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its position in GlobalFoundries by 15.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 126,266 shares of the company’s stock valued at $4,660,000 after buying an additional 17,143 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in GlobalFoundries by 9.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 907,446 shares of the company’s stock valued at $33,476,000 after buying an additional 79,670 shares during the period. Janney Montgomery Scott LLC boosted its position in GlobalFoundries by 49.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,342 shares of the company’s stock valued at $1,157,000 after buying an additional 10,313 shares during the period. GAMMA Investing LLC boosted its position in GlobalFoundries by 9,009.1% in the 1st quarter. GAMMA Investing LLC now owns 24,139 shares of the company’s stock valued at $891,000 after buying an additional 23,874 shares during the period. Finally, Signaturefd LLC boosted its position in GlobalFoundries by 51.3% in the 1st quarter. Signaturefd LLC now owns 1,026 shares of the company’s stock valued at $38,000 after buying an additional 348 shares during the period.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS opened at $33.22 on Thursday. The company’s fifty day moving average price is $36.81 and its 200 day moving average price is $37.02. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $47.69. 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 firm has a market capitalization of $18.37 billion, a P/E ratio of -158.18, a P/E/G ratio of 1.09 and a beta of 1.48.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.55%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the business earned $0.38 EPS. GlobalFoundries’s revenue for the quarter was up 3.4% compared to the same quarter last year. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. As a group, sell-side analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wedbush decreased their price target on shares of GlobalFoundries from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 6th. Morgan Stanley decreased their price objective on shares of GlobalFoundries from $38.00 to $35.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 6th. The Goldman Sachs Group began coverage on shares of GlobalFoundries in a research report on Thursday, July 10th. They set a “neutral” rating and a $40.00 price objective for the company. UBS Group decreased their price objective on shares of GlobalFoundries from $43.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Finally, Argus began coverage on shares of GlobalFoundries in a research report on Tuesday, July 1st. They set a “buy” rating and a $52.00 price objective for the company. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $43.79.

About GlobalFoundries

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.