NEOS Investment Management LLC Grows Position in GlobalFoundries Inc. $GFS

NEOS Investment Management LLC raised its position in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 81.4% during the 3rd quarter, Holdings Channel reports. The fund owned 184,765 shares of the company’s stock after purchasing an additional 82,890 shares during the period. NEOS Investment Management LLC’s holdings in GlobalFoundries were worth $6,622,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Corp bought a new stake in GlobalFoundries in the third quarter worth $33,000. Allworth Financial LP grew its stake in shares of GlobalFoundries by 85.5% in the 2nd quarter. Allworth Financial LP now owns 894 shares of the company’s stock worth $34,000 after buying an additional 412 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of GlobalFoundries by 824.7% in the 2nd quarter. IFP Advisors Inc now owns 897 shares of the company’s stock worth $38,000 after buying an additional 800 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of GlobalFoundries during the 3rd quarter valued at about $43,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of GlobalFoundries by 1,169.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,714 shares of the company’s stock valued at $65,000 after acquiring an additional 1,579 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GFS shares. Weiss Ratings reiterated a “sell (d)” rating on shares of GlobalFoundries in a research report on Thursday, January 22nd. Dbs Bank cut GlobalFoundries from a “moderate buy” rating to a “hold” rating in a report on Friday, February 13th. Robert W. Baird increased their price target on GlobalFoundries from $40.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. BNP Paribas Exane began coverage on GlobalFoundries in a research report on Friday, October 24th. They issued an “outperform” rating and a $45.00 price target for the company. Finally, The Goldman Sachs Group boosted their price objective on shares of GlobalFoundries from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, GlobalFoundries presently has an average rating of “Hold” and an average target price of $46.13.

GlobalFoundries Trading Down 3.5%

GFS stock opened at $46.55 on Thursday. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $50.98. The firm’s 50-day moving average is $40.94 and its 200 day moving average is $36.67. The company has a market capitalization of $25.74 billion, a PE ratio of 29.28, a P/E/G ratio of 1.90 and a beta of 1.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.62 and a quick ratio of 1.95.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. On average, research analysts anticipate 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.