84,150 Shares of GlobalFoundries Inc. $GFS Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. bought a new stake in GlobalFoundries Inc. (NASDAQ:GFS) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 84,150 shares of the company’s stock, valued at approximately $4,027,000.

A number of other hedge funds have also recently added to or reduced their stakes in GFS. Bessemer Group Inc. increased its position in GlobalFoundries by 8,275,141.2% during the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after buying an additional 2,813,548 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of GlobalFoundries by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company’s stock valued at $59,571,000 after acquiring an additional 31,590 shares during the period. Bank of America Corp DE increased its holdings in shares of GlobalFoundries by 106.1% in the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock valued at $38,936,000 after acquiring an additional 450,722 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in GlobalFoundries in the 3rd quarter valued at $40,775,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in GlobalFoundries by 322.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company’s stock valued at $31,803,000 after purchasing an additional 545,900 shares during the last quarter.

More GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: A Seeking Alpha article highlights improving margins and commitments that could support future growth. Another report points to a record third-quarter margin, suggesting operational progress. Margins Improve As GlobalFoundries Secures Commitments For Future Growth GlobalFoundries stock: Company posts record Q3 margin
• Positive Sentiment: TD Cowen cut its target to $60 from $75 but kept a Buy rating, while Susquehanna lowered its target to $110 from $125 and retained a positive rating. TD Cowen price-target update Susquehanna price-target update
• Neutral Sentiment: UBS, JPMorgan, and Citi lowered their targets to $43, $50, and $46, respectively, and maintained Neutral ratings. Their targets still imply potential upside from the cited $38.62 share price, but the cuts signal reduced expectations. UBS rating update JPMorgan rating update Citi rating update
• Negative Sentiment: Wedbush made a particularly steep reduction, cutting its target to $45 from $72 and citing a lower valuation multiple. The broader wave of target cuts—including reductions from Citi, JPMorgan, UBS, and TD Cowen—could reinforce concerns about GFS’s near-term valuation and outlook. Wedbush cuts GlobalFoundries price target

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GFS. Jefferies Financial Group decreased their price target on shares of GlobalFoundries from $60.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday. Morgan Stanley reduced their target price on shares of GlobalFoundries from $60.00 to $56.00 and set an “equal weight” rating for the company in a report on Monday, November 2nd. UBS Group reduced their target price on shares of GlobalFoundries from $48.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday. TD Cowen dropped their price target on GlobalFoundries from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Susquehanna reduced their price objective on GlobalFoundries from $125.00 to $110.00 and set a “positive” rating for the company in a research note on Thursday. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, GlobalFoundries currently has a consensus rating of “Hold” and an average price target of $67.79.

GlobalFoundries Stock Performance

Shares of GlobalFoundries stock traded up $2.26 on Friday, reaching $38.62. 5,023,286 shares of the stock were exchanged, compared to its average volume of 5,924,218. The firm has a market capitalization of $21.19 billion, a PE ratio of 110.34, a PEG ratio of 1.33 and a beta of 1.78. GlobalFoundries Inc. has a 1-year low of $32.02 and a 1-year high of $92.55. The business has a fifty day moving average price of $45.84 and a two-hundred day moving average price of $54.88. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. GlobalFoundries’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, research analysts anticipate that GlobalFoundries Inc. will post 1.50 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Tuesday, December 22nd will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. GlobalFoundries’s payout ratio is presently 137.14%.

Insider Transactions at GlobalFoundries

In other news, insider Pradheepa Raman sold 6,760 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total value of $345,571.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ganesh Moorthy acquired 2,500 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were acquired at an average cost of $37.48 per share, with a total value of $93,700.00. Following the completion of the purchase, the director owned 5,500 shares in the company, valued at approximately $206,140. This represents a 83.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 12,925 shares of company stock valued at $633,881.

GlobalFoundries Profile

GlobalFoundries is a semiconductor foundry that manufactures integrated circuits for customers that design their own chips. Its services include wafer fabrication, process technology development, packaging support and design enablement, helping customers bring semiconductor products to market without operating their own fabrication facilities.

The company focuses on specialty technologies used in areas such as automotive electronics, communications, industrial systems, smart devices and data centers.