Denali Advisors LLC Acquires 4,200 Shares of GlobalFoundries Inc. $GFS

Denali Advisors LLC lifted its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 42.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,027 shares of the company’s stock after purchasing an additional 4,200 shares during the period. Denali Advisors LLC’s holdings in GlobalFoundries were worth $536,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in GlobalFoundries by 8,540.7% in the first quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company’s stock valued at $91,265,000 after acquiring an additional 2,444,018 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in GlobalFoundries in the first quarter valued at about $40,493,000. Woodline Partners LP bought a new position in GlobalFoundries in the first quarter valued at about $33,504,000. Nuveen LLC bought a new position in GlobalFoundries in the first quarter valued at about $8,525,000. Finally, Invesco Ltd. boosted its holdings in GlobalFoundries by 6.9% in the first quarter. Invesco Ltd. now owns 2,491,747 shares of the company’s stock valued at $91,970,000 after acquiring an additional 159,936 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently issued reports on GFS shares. Arete upgraded GlobalFoundries from a “sell” rating to a “neutral” rating and set a $37.00 price target on the stock in a report on Wednesday, August 27th. The Goldman Sachs Group started coverage on GlobalFoundries in a report on Thursday, July 10th. They issued a “neutral” rating and a $40.00 price target on the stock. UBS Group decreased their price target on GlobalFoundries from $43.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Morgan Stanley cut their target price on GlobalFoundries from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of GlobalFoundries in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $43.20.

GlobalFoundries Trading Down 3.0%

NASDAQ GFS opened at $34.48 on Thursday. The firm has a market cap of $19.06 billion, a P/E ratio of -164.18, a P/E/G ratio of 1.39 and a beta of 1.49. 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 stock’s 50-day moving average is $33.87 and its 200-day moving average is $35.84. GlobalFoundries Inc. has a one year low of $29.77 and a one year high of $47.69.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. GlobalFoundries had a positive return on equity of 6.55% and a negative net margin of 1.68%.The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm 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. Sell-side analysts anticipate that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal 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.