Talos Eurisko Asset Management LP Purchases New Shares in GlobalFoundries Inc. $GFS

Talos Eurisko Asset Management LP bought a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 184,000 shares of the company’s stock, valued at approximately $6,595,000. GlobalFoundries makes up 1.3% of Talos Eurisko Asset Management LP’s investment portfolio, making the stock its 19th largest holding.

Other institutional investors have also made changes to their positions in the company. Clearstead Advisors LLC increased its stake in GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after acquiring an additional 387 shares during the period. First Horizon Corp acquired a new stake in shares of GlobalFoundries during the 3rd quarter worth $33,000. Allworth Financial LP grew its holdings in shares of GlobalFoundries by 85.5% during the 2nd quarter. Allworth Financial LP now owns 894 shares of the company’s stock worth $34,000 after purchasing an additional 412 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of GlobalFoundries in the third quarter worth $43,000. Finally, PNC Financial Services Group Inc. raised its stake in GlobalFoundries by 1,169.6% in the second quarter. PNC Financial Services Group Inc. now owns 1,714 shares of the company’s stock valued at $65,000 after purchasing an additional 1,579 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GFS shares. Evercore increased their price objective on shares of GlobalFoundries from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, November 13th. Weiss Ratings upgraded shares of GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday. Needham & Company LLC boosted their price objective on shares of GlobalFoundries from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Wedbush raised their target price on GlobalFoundries from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Finally, Morgan Stanley set a $43.00 price objective on GlobalFoundries in a research report on Monday, February 9th. Six investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.13.

GlobalFoundries Trading Up 0.7%

Shares of GFS stock opened at $47.57 on Thursday. GlobalFoundries Inc. has a twelve month low of $29.77 and a twelve month high of $50.98. The stock’s fifty day simple moving average is $43.01 and its 200 day simple moving average is $37.67. The company has a quick ratio of 1.95, a current ratio of 2.62 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $26.44 billion, a P/E ratio of 29.92, a P/E/G ratio of 1.86 and a beta of 1.47.

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

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.