Ossiam Increases Stock Position in GlobalFoundries Inc. $GFS

Ossiam lifted its holdings in GlobalFoundries Inc. (NASDAQ:GFS) by 567.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,938 shares of the company’s stock after buying an additional 104,512 shares during the quarter. Ossiam’s holdings in GlobalFoundries were worth $4,696,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wedbush raised their price objective on shares of GlobalFoundries from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. BNP Paribas Exane began coverage on shares of GlobalFoundries in a research report on Friday, October 24th. They set an “outperform” rating and a $45.00 price target for the company. Evercore ISI upped 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. Weiss Ratings reiterated a “sell (d)” rating on shares of GlobalFoundries in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut GlobalFoundries from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.62.

GlobalFoundries Stock Up 2.5%

GFS stock opened at $39.92 on Tuesday. The company has a market cap of $22.07 billion, a price-to-earnings ratio of -443.51, a P/E/G ratio of 1.67 and a beta of 1.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.24 and a current ratio of 3.03. The business’s 50-day moving average is $35.09 and its two-hundred day moving average is $35.83. GlobalFoundries Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $47.69.

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

GlobalFoundries 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.