GlobalFoundries Inc. $GFS Stock Position Raised by TD Asset Management Inc

TD Asset Management Inc lifted its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 20.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,054 shares of the company’s stock after buying an additional 6,170 shares during the period. TD Asset Management Inc’s holdings in GlobalFoundries were worth $1,377,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. SBI Securities Co. Ltd. grew its position in shares of GlobalFoundries by 26.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,539 shares of the company’s stock valued at $57,000 after buying an additional 320 shares during the last quarter. Voya Investment Management LLC grew its position in GlobalFoundries by 2.9% in the 1st quarter. Voya Investment Management LLC now owns 12,288 shares of the company’s stock worth $454,000 after purchasing an additional 346 shares during the last quarter. Signaturefd LLC grew its position in GlobalFoundries by 51.3% in the 1st quarter. Signaturefd LLC now owns 1,026 shares of the company’s stock worth $38,000 after purchasing an additional 348 shares during the last quarter. Royal Bank of Canada grew its position in GlobalFoundries by 4.4% in the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after purchasing an additional 660 shares during the last quarter. Finally, American Century Companies Inc. grew its position in GlobalFoundries by 2.9% in the 1st quarter. American Century Companies Inc. now owns 26,703 shares of the company’s stock worth $986,000 after purchasing an additional 754 shares during the last quarter.

GlobalFoundries Stock Down 3.0%

GFS stock opened at $34.48 on Thursday. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $47.69. The firm has a market cap of $19.06 billion, a PE ratio of -164.18, a P/E/G ratio of 1.39 and a beta of 1.49. The firm has a 50 day simple moving average of $33.87 and a 200 day simple moving average of $35.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.92.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.55%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. Equities research analysts forecast that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GFS has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on shares of GlobalFoundries from $38.00 to $35.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 6th. Citigroup upped their target price on shares of GlobalFoundries from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, July 7th. Weiss Ratings restated a “sell (d)” rating on shares of GlobalFoundries in a research report on Wednesday, October 8th. Bank of America cut shares of GlobalFoundries from a “neutral” rating to an “underperform” rating and set a $35.00 target price for the company. in a research report on Monday, October 13th. Finally, The Goldman Sachs Group began coverage on shares of GlobalFoundries in a research report on Thursday, July 10th. They issued a “neutral” rating and a $40.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and a consensus target price of $43.20.

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.