Short Interest in GlobalFoundries Inc. (NASDAQ:GFS) Drops By 28.4%

GlobalFoundries Inc. (NASDAQ:GFS) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 12,358,219 shares, a drop of 28.4% from the March 31st total of 17,262,602 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average trading volume of 2,504,598 shares, the short-interest ratio is presently 4.9 days.

Analyst Ratings Changes

Several brokerages have commented on GFS. TD Cowen reissued a “buy” rating on shares of GlobalFoundries in a report on Thursday, February 12th. UBS Group set a $50.00 price objective on GlobalFoundries in a report on Thursday, February 12th. The Goldman Sachs Group raised their price objective on GlobalFoundries from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, February 11th. Weiss Ratings raised GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Finally, Robert W. Baird raised their price objective on GlobalFoundries from $40.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.13.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $58.46, for a total transaction of $233,840.00. Following the sale, the director directly owned 18,867 shares of the company’s stock, valued at $1,102,964.82. This trade represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $60.69, for a total value of $139,587.00. Following the completion of the sale, the insider directly owned 16,045 shares in the company, valued at approximately $973,771.05. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,700 shares of company stock valued at $769,567 over the last ninety days.

Hedge Funds Weigh In On GlobalFoundries

A number of institutional investors have recently added to or reduced their stakes in GFS. WealthCollab LLC lifted its position in GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after buying an additional 614 shares in the last quarter. True Wealth Design LLC lifted its position in GlobalFoundries by 216.7% during the fourth quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after buying an additional 544 shares in the last quarter. Clearstead Advisors LLC lifted its position in GlobalFoundries by 91.9% during the third quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after buying an additional 387 shares in the last quarter. First Horizon Corp purchased a new position in GlobalFoundries during the third quarter worth approximately $33,000. Finally, Covestor Ltd lifted its position in GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after buying an additional 349 shares in the last quarter.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS traded up $0.31 during trading on Friday, reaching $64.91. The stock had a trading volume of 2,030,991 shares, compared to its average volume of 3,498,361. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.62. The business has a fifty day moving average price of $48.71 and a 200-day moving average price of $41.99. The stock has a market cap of $36.12 billion, a PE ratio of 40.82, a PEG ratio of 2.55 and a beta of 1.71. GlobalFoundries has a 1-year low of $31.51 and a 1-year high of $65.05.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping 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 was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. On average, equities analysts forecast that GlobalFoundries will post 1.37 earnings per share for the current fiscal 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.