Stock Traders Purchase High Volume of GlobalFoundries Call Options (NASDAQ:GFS)

GlobalFoundries Inc. (NASDAQ:GFS) was the recipient of unusually large options trading on Tuesday. Investors acquired 23,924 call options on the stock. This is an increase of 833% compared to the typical volume of 2,563 call options.

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors and hedge funds have recently modified their holdings of GFS. True Wealth Design LLC raised its holdings in GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after buying an additional 544 shares during the period. Clearstead Advisors LLC increased its position in shares of GlobalFoundries by 91.9% during the third quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after acquiring an additional 387 shares in the last quarter. Allworth Financial LP raised its holdings in shares of GlobalFoundries by 85.5% during the second quarter. Allworth Financial LP now owns 894 shares of the company’s stock worth $34,000 after acquiring an additional 412 shares during the period. IFP Advisors Inc lifted its position in GlobalFoundries by 824.7% in the 2nd quarter. IFP Advisors Inc now owns 897 shares of the company’s stock valued at $38,000 after acquiring an additional 800 shares in the last quarter. Finally, First Horizon Corp acquired a new position in GlobalFoundries in the 3rd quarter worth $33,000.

GlobalFoundries Trading Up 0.7%

Shares of NASDAQ GFS traded up $0.27 during midday trading on Wednesday, reaching $41.14. 1,755,666 shares of the stock were exchanged, compared to its average volume of 3,173,638. GlobalFoundries has a 12 month low of $29.77 and a 12 month high of $47.69. The company has a market capitalization of $22.75 billion, a price-to-earnings ratio of -457.97, a P/E/G ratio of 1.67 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. The business has a 50-day simple moving average of $36.38 and a two-hundred day simple moving average of $35.85.

GlobalFoundries (NASDAQ:GFS) last released 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). The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. GlobalFoundries had a negative net margin of 0.65% and a positive return on equity of 6.64%. GlobalFoundries’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. GlobalFoundries has set its Q4 2025 guidance at 0.420-0.520 EPS. As a group, equities research analysts expect that GlobalFoundries will post 1.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on GFS. Bank of America lifted their price target on shares of GlobalFoundries from $33.00 to $37.00 and gave the stock an “underperform” rating in a research report on Thursday, December 4th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $38.00 price objective on shares of GlobalFoundries in a research note on Monday, October 27th. Zacks Research cut shares of GlobalFoundries from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Wedbush downgraded GlobalFoundries from an “outperform” rating to a “neutral” rating and cut their price target for the company from $42.00 to $40.00 in a research note on Wednesday, December 31st. Finally, Wall Street Zen lowered GlobalFoundries from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.46.

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.