JPMorgan Chase & Co. Sells 124,788 Shares of GlobalFoundries Inc. $GFS

JPMorgan Chase & Co. reduced its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 20.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 475,741 shares of the company’s stock after selling 124,788 shares during the quarter. JPMorgan Chase & Co. owned about 0.09% of GlobalFoundries worth $17,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Invesco Ltd. grew its stake in GlobalFoundries by 7.9% in the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock valued at $106,172,000 after buying an additional 217,866 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of GlobalFoundries by 15.2% in the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock worth $95,315,000 after acquiring an additional 350,743 shares during the period. AQR Capital Management LLC boosted its holdings in shares of GlobalFoundries by 168.2% in the third quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock worth $93,463,000 after acquiring an additional 1,635,338 shares during the period. ArrowMark Colorado Holdings LLC grew its position in shares of GlobalFoundries by 5.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,274,261 shares of the company’s stock valued at $81,510,000 after purchasing an additional 124,812 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of GlobalFoundries by 0.6% in the third quarter. Pacer Advisors Inc. now owns 1,874,440 shares of the company’s stock valued at $67,180,000 after purchasing an additional 11,648 shares in the last quarter.

Insider Activity at GlobalFoundries

In other news, insider Michael James Hogan sold 1,800 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $43.25, for a total transaction of $77,850.00. Following the completion of the transaction, the insider owned 22,895 shares of the company’s stock, valued at approximately $990,208.75. The trade was a 7.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GFS shares. Morgan Stanley set a $43.00 price objective on GlobalFoundries in a report on Monday, February 9th. Bank of America lifted their target price on GlobalFoundries from $33.00 to $37.00 and gave the company an “underperform” rating in a report on Thursday, December 4th. Susquehanna reiterated a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a research report on Thursday, February 12th. Citigroup increased their price target on shares of GlobalFoundries from $42.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Finally, Dbs Bank lowered shares of GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 13th. Six equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.13.

GlobalFoundries Price Performance

NASDAQ:GFS opened at $46.74 on Thursday. GlobalFoundries Inc. has a 52-week low of $29.77 and a 52-week high of $50.98. The stock has a fifty day moving average of $45.04 and a 200 day moving average of $38.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.62. The firm has a market capitalization of $26.01 billion, a price-to-earnings ratio of 29.40, a P/E/G ratio of 1.82 and a beta of 1.47.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results 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. GlobalFoundries had a return on equity of 6.86% and a net margin of 13.05%.The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company earned $0.46 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. On average, research analysts expect that GlobalFoundries Inc. will post 1.31 EPS 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.