Rafferty Asset Management LLC Has $13.34 Million Stake in GlobalFoundries Inc. $GFS

Rafferty Asset Management LLC grew its holdings in GlobalFoundries Inc. (NASDAQ:GFS) by 18.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 372,122 shares of the company’s stock after buying an additional 57,774 shares during the quarter. Rafferty Asset Management LLC’s holdings in GlobalFoundries were worth $13,337,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GFS. Profund Advisors LLC raised its holdings in GlobalFoundries by 0.7% during the 3rd quarter. Profund Advisors LLC now owns 45,349 shares of the company’s stock worth $1,625,000 after purchasing an additional 299 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of GlobalFoundries by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock worth $372,000 after purchasing an additional 324 shares in the last quarter. California State Teachers Retirement System lifted its holdings in GlobalFoundries by 5.7% during the second quarter. California State Teachers Retirement System now owns 6,480 shares of the company’s stock worth $248,000 after acquiring an additional 347 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of 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 purchasing an additional 387 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of GlobalFoundries by 85.5% in the second quarter. Allworth Financial LP now owns 894 shares of the company’s stock valued at $34,000 after buying an additional 412 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. UBS Group set a $50.00 price target on GlobalFoundries in a research report on Thursday, February 12th. Morgan Stanley set a $43.00 price objective on shares of GlobalFoundries in a report on Monday, February 9th. Zacks Research upgraded GlobalFoundries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. The Goldman Sachs Group raised their price target on shares of GlobalFoundries from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Finally, Needham & Company LLC lifted their price objective on GlobalFoundries from $42.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $46.13.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS opened at $47.55 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.62 and a quick ratio of 1.95. GlobalFoundries Inc. has a one year low of $29.77 and a one year high of $50.98. The company has a market cap of $26.29 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 1.88 and a beta of 1.47. The firm has a 50 day simple moving average of $42.28 and a 200 day simple moving average of $37.38.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.80 billion. GlobalFoundries had a return on equity of 6.86% and a net margin of 13.05%.GlobalFoundries’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. Research analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

GlobalFoundries 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.