GlobalFoundries Inc. $GFS Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 16.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,443 shares of the company’s stock after selling 18,278 shares during the quarter. Quantbot Technologies LP’s holdings in GlobalFoundries were worth $3,493,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new position in shares of GlobalFoundries during the first quarter worth about $40,493,000. Woodline Partners LP acquired a new position in GlobalFoundries during the 1st quarter worth approximately $33,504,000. Nuveen LLC acquired a new position in GlobalFoundries during the 1st quarter worth approximately $8,525,000. Invesco Ltd. raised its stake in shares of GlobalFoundries by 6.9% during the 1st quarter. Invesco Ltd. now owns 2,491,747 shares of the company’s stock worth $91,970,000 after buying an additional 159,936 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. lifted its holdings in shares of GlobalFoundries by 113.7% in the 1st quarter. Parallax Volatility Advisers L.P. now owns 14,224 shares of the company’s stock valued at $525,000 after buying an additional 117,845 shares during the period.

GlobalFoundries Trading Down 1.3%

Shares of GFS stock opened at $37.58 on Friday. The stock has a market cap of $20.78 billion, a P/E ratio of -417.51, a P/E/G ratio of 1.58 and a beta of 1.49. The company has a quick ratio of 2.24, a current ratio of 3.03 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $47.69. The business has a fifty day simple moving average of $34.97 and a 200-day simple moving average of $35.85.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the company posted $0.41 earnings per share. GlobalFoundries’s revenue was down 2.9% on a year-over-year basis. GlobalFoundries has set its Q4 2025 guidance at 0.420-0.520 EPS. On average, analysts forecast that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on GFS shares. Citigroup dropped their price objective on GlobalFoundries from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Jefferies Financial Group restated a “hold” rating and set a $38.00 target price on shares of GlobalFoundries in a research report on Monday, October 27th. JPMorgan Chase & Co. lowered their price target on shares of GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Bank of America raised their price objective on shares of GlobalFoundries from $33.00 to $37.00 and gave the company an “underperform” rating in a research note on Thursday. Finally, BNP Paribas Exane started coverage on shares of GlobalFoundries in a research report on Friday, October 24th. They set an “outperform” rating and a $45.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.36.

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.