Prevail Innovative Wealth Advisors LLC Buys New Stake in GlobalFoundries Inc. $GFS

Prevail Innovative Wealth Advisors LLC bought a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 133,076 shares of the company’s stock, valued at approximately $4,769,000. GlobalFoundries makes up about 0.9% of Prevail Innovative Wealth Advisors LLC’s investment portfolio, making the stock its 29th largest holding.

A number of other institutional investors have also modified their holdings of the business. Clearstead Advisors LLC increased its position in GlobalFoundries by 91.9% in the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after acquiring an additional 387 shares during the period. First Horizon Corp acquired a new position in GlobalFoundries during the third quarter worth $33,000. Allworth Financial LP grew its stake in shares of GlobalFoundries by 85.5% during the 2nd 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. Frazier Financial Advisors LLC acquired a new position in GlobalFoundries during the third quarter worth about $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 worth $65,000 after acquiring an additional 1,579 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Needham & Company LLC increased their price objective on shares of GlobalFoundries from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Robert W. Baird lifted their price objective on GlobalFoundries from $40.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Weiss Ratings upgraded shares of GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Zacks Research raised GlobalFoundries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. dropped their price target on GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.13.

GlobalFoundries Stock Down 3.0%

Shares of NASDAQ GFS opened at $46.88 on Friday. The stock’s 50-day simple moving average is $43.48 and its 200-day simple moving average is $37.87. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $50.98. The firm has a market cap of $26.06 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 1.85 and a beta of 1.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.62.

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

GlobalFoundries Company Profile

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.