GlobalFoundries Inc. $GFS Stock Holdings Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in GlobalFoundries Inc. (NASDAQ:GFS) by 8.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,141 shares of the company’s stock after purchasing an additional 2,799 shares during the quarter. Janney Montgomery Scott LLC’s holdings in GlobalFoundries were worth $1,304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Banque Cantonale Vaudoise bought a new stake in shares of GlobalFoundries in the 1st quarter worth approximately $33,000. Signaturefd LLC raised its holdings in shares of 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 in the last quarter. Summit Securities Group LLC raised its holdings in shares of GlobalFoundries by 142.2% in the 1st quarter. Summit Securities Group LLC now owns 1,298 shares of the company’s stock worth $48,000 after purchasing an additional 762 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of GlobalFoundries by 26.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,539 shares of the company’s stock worth $57,000 after purchasing an additional 320 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of GlobalFoundries by 134.1% in the second quarter. GAMMA Investing LLC now owns 1,531 shares of the company’s stock worth $58,000 after acquiring an additional 877 shares in the last quarter.

Wall Street Analyst Weigh In

GFS has been the topic of several analyst reports. Wall Street Zen raised shares of GlobalFoundries from a “hold” rating to a “buy” rating in a research report on Monday, September 15th. Weiss Ratings reissued a “sell (d)” rating on shares of GlobalFoundries in a research report on Wednesday, October 8th. Argus initiated coverage on shares of GlobalFoundries in a research report on Tuesday, July 1st. They issued a “buy” rating and a $52.00 target price on the stock. Morgan Stanley dropped their target price on shares of GlobalFoundries from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Finally, UBS Group dropped their target price on shares of GlobalFoundries from $43.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.79.

GlobalFoundries Stock Performance

Shares of GFS opened at $32.96 on Monday. The company’s 50 day moving average price is $33.58 and its 200 day moving average price is $35.88. GlobalFoundries Inc. has a 52 week low of $29.77 and a 52 week high of $47.69. The company has a market capitalization of $18.22 billion, a PE ratio of -156.94, a PEG ratio of 1.08 and a beta of 1.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.92 and a current ratio of 2.63.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. Research analysts expect that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

About GlobalFoundries

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.