Rafferty Asset Management LLC Increases Stock Holdings in GlobalFoundries Inc. $GFS

Rafferty Asset Management LLC lifted its position in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 18.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 372,122 shares of the company’s stock after purchasing an additional 57,774 shares during the period. Rafferty Asset Management LLC owned about 0.07% of GlobalFoundries worth $13,337,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clearstead Advisors LLC boosted its stake in shares of GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after buying an additional 387 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of GlobalFoundries by 85.5% in the 2nd 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 period. First Horizon Corp bought a new position in shares of GlobalFoundries during the third quarter valued at approximately $33,000. Frazier Financial Advisors LLC bought a new position in GlobalFoundries during the 3rd quarter worth $43,000. Finally, PNC Financial Services Group Inc. grew its position in shares of GlobalFoundries by 1,169.6% during the second quarter. PNC Financial Services Group Inc. now owns 1,714 shares of the company’s stock worth $65,000 after acquiring an additional 1,579 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GFS. Susquehanna reissued a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a report on Thursday, February 12th. Zacks Research raised GlobalFoundries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. TD Cowen reiterated a “buy” rating on shares of GlobalFoundries in a research report on Thursday, February 12th. Dbs Bank downgraded GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 13th. Finally, The Goldman Sachs Group lifted their price objective on shares of GlobalFoundries from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Six research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $46.13.

GlobalFoundries Price Performance

Shares of GFS stock opened at $47.55 on Monday. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $50.98. The company has a current ratio of 2.62, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $42.28 and a two-hundred day moving average of $37.38. The company has a market capitalization of $26.29 billion, a P/E ratio of 29.91, a P/E/G ratio of 1.88 and a beta of 1.47.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.80 billion. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. As a group, equities analysts expect that GlobalFoundries Inc. will post 1.31 EPS for the current year.

About GlobalFoundries

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.