60,500 Shares of GlobalFoundries Inc. $GFS Bought by Deltec Asset Management LLC

Deltec Asset Management LLC acquired a new stake in GlobalFoundries Inc. (NASDAQ:GFS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 60,500 shares of the company’s stock, valued at approximately $2,899,000.

Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings in GlobalFoundries by 8,275,141.2% during the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after acquiring an additional 2,813,548 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased 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 acquiring an additional 545,900 shares during the period. Atreides Management LP bought a new position in shares of GlobalFoundries during the first quarter valued at $21,110,000. Bank of America Corp DE raised its stake in shares of GlobalFoundries by 106.1% during the first 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 last quarter. Finally, Delta Global Management LP bought a new position in shares of GlobalFoundries during the first quarter valued at $17,430,000.

Insider Transactions at GlobalFoundries

In related news, insider Pradheepa Raman sold 6,760 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total transaction of $345,571.20. The sale 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. Insiders have sold 12,925 shares of company stock worth $638,247 over the last 90 days.

Analyst Ratings Changes

A number of brokerages have recently commented on GFS. TD Cowen reiterated a “buy” rating and set a $75.00 price target on shares of GlobalFoundries in a report on Thursday, October 15th. BNP Paribas Exane downgraded GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a report on Monday, October 5th. Jefferies Financial Group set a $60.00 target price on GlobalFoundries in a research report on Wednesday, August 5th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of GlobalFoundries in a report on Thursday, October 15th. Finally, UBS Group cut their target price on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $75.79.

GlobalFoundries Price Performance

GlobalFoundries stock opened at $45.00 on Tuesday. The stock has a market capitalization of $24.69 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 1.41 and a beta of 1.77. GlobalFoundries Inc. has a 52-week low of $32.02 and a 52-week high of $92.55. The stock’s 50 day moving average price is $46.85 and its two-hundred day moving average price is $54.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, equities analysts predict that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

About GlobalFoundries

GlobalFoundries Inc (NASDAQ:GFS) is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.

GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.

The company was established in 2009 through the separation of Advanced Micro Devices’ manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.