Mirae Asset Global Investments Co. Ltd. Sells 216,888 Shares of GlobalFoundries Inc. $GFS

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 22.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 745,385 shares of the company’s stock after selling 216,888 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in GlobalFoundries were worth $26,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Allworth Financial LP raised its position in shares of GlobalFoundries by 85.5% during the second quarter. Allworth Financial LP now owns 894 shares of the company’s stock valued at $34,000 after buying an additional 412 shares during the last quarter. IFP Advisors Inc raised its holdings in GlobalFoundries by 824.7% in the 2nd quarter. IFP Advisors Inc now owns 897 shares of the company’s stock valued at $38,000 after acquiring an additional 800 shares in the last quarter. First Horizon Corp bought a new stake in shares of GlobalFoundries in the 3rd quarter worth approximately $33,000. Frazier Financial Advisors LLC bought a new stake in shares of GlobalFoundries in the 3rd quarter worth approximately $43,000. Finally, GAMMA Investing LLC grew its holdings in shares of GlobalFoundries by 134.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,531 shares of the company’s stock worth $58,000 after purchasing an additional 877 shares in the last quarter.

GlobalFoundries Price Performance

NASDAQ:GFS opened at $44.46 on Friday. 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 firm has a market cap of $24.58 billion, a PE ratio of -493.95, a price-to-earnings-growth ratio of 1.88 and a beta of 1.49. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $48.56. The company’s 50-day moving average price is $38.78 and its two-hundred day moving average price is $36.21.

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

Wall Street Analyst Weigh In

GFS has been the subject of several research reports. Wedbush cut GlobalFoundries from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $42.00 to $40.00 in a research report on Wednesday, December 31st. Jefferies Financial Group restated a “hold” rating and issued a $38.00 price objective on shares of GlobalFoundries in a research note on Monday, October 27th. Wall Street Zen lowered shares of GlobalFoundries from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Zacks Research cut shares of GlobalFoundries from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.00.

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.