23,969 Shares in GlobalFoundries Inc. $GFS Bought by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 23,969 shares of the company’s stock, valued at approximately $859,000.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of GlobalFoundries by 85.5% during 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 raised its position in GlobalFoundries by 824.7% during the 2nd quarter. IFP Advisors Inc now owns 897 shares of the company’s stock worth $38,000 after buying an additional 800 shares during the last quarter. GAMMA Investing LLC lifted its stake in GlobalFoundries by 134.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,531 shares of the company’s stock valued at $58,000 after acquiring an additional 877 shares during the period. PNC Financial Services Group Inc. boosted 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 valued at $65,000 after acquiring an additional 1,579 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of GlobalFoundries by 69.4% in the second quarter. Signaturefd LLC now owns 1,738 shares of the company’s stock worth $66,000 after acquiring an additional 712 shares during the period.

GlobalFoundries Price Performance

Shares of GlobalFoundries stock opened at $36.12 on Wednesday. The firm has a market cap of $19.97 billion, a PE ratio of -401.29, a P/E/G ratio of 1.54 and a beta of 1.49. GlobalFoundries Inc. has a twelve month low of $29.77 and a twelve month high of $47.69. The company has a quick ratio of 2.24, a current ratio of 3.03 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $35.74 and a 200 day moving average price of $35.81.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GFS shares. 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 for the company. Weiss Ratings reissued a “sell (d)” rating on shares of GlobalFoundries in a report on Wednesday, October 8th. Jefferies Financial Group restated a “hold” rating and issued a $38.00 target price on shares of GlobalFoundries in a research note on Monday, October 27th. Wedbush lifted their price target on GlobalFoundries from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. Finally, Evercore ISI upped their price objective on GlobalFoundries from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, November 13th. 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.62.

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.