Mirae Asset Global Investments Co. Ltd. Has $26.72 Million Position in GlobalFoundries Inc. $GFS

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 22.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 745,385 shares of the company’s stock after selling 216,888 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.13% of GlobalFoundries worth $26,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GFS. The Manufacturers Life Insurance Company grew its stake in GlobalFoundries by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock valued at $372,000 after purchasing an additional 324 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of GlobalFoundries by 5.7% during the 2nd quarter. California State Teachers Retirement System now owns 6,480 shares of the company’s stock worth $248,000 after purchasing an additional 347 shares in the last quarter. Allworth Financial LP lifted 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 valued at $34,000 after buying an additional 412 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of GlobalFoundries by 1.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,371 shares of the company’s stock valued at $1,657,000 after buying an additional 429 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in GlobalFoundries by 2.4% in the second quarter. Nomura Asset Management Co. Ltd. now owns 20,670 shares of the company’s stock worth $790,000 after buying an additional 480 shares during the last quarter.

GlobalFoundries Stock Performance

Shares of GFS opened at $44.46 on Friday. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.03 and a quick ratio of 2.24. GlobalFoundries Inc. has a one year low of $29.77 and a one year high of $48.56. The company’s fifty day moving average price is $38.78 and its 200 day moving average price is $36.21.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Evercore ISI lifted their target price on shares of GlobalFoundries from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. BNP Paribas Exane started coverage on shares of GlobalFoundries in a research note on Friday, October 24th. They issued an “outperform” rating and a $45.00 price objective for the company. Wedbush downgraded shares of GlobalFoundries from an “outperform” rating to a “neutral” rating and lowered 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 set a $38.00 target price on shares of GlobalFoundries in a report on Monday, October 27th. Finally, JPMorgan Chase & Co. decreased their price target on GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.00.

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.