Short Interest in GlobalFoundries Inc. (NASDAQ:GFS) Declines By 32.4%
by Doug Wharley · The Cerbat GemGlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 10,701,981 shares, a decline of 32.4% from the December 15th total of 15,841,393 shares. Based on an average daily volume of 7,339,857 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.9% of the company’s shares are short sold. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 7,339,857 shares, the days-to-cover ratio is currently 1.5 days.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on GFS. Citigroup increased their price target on GlobalFoundries from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday. Wedbush lowered 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 note on Wednesday, December 31st. Zacks Research cut shares of GlobalFoundries from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Evercore ISI boosted their price target 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. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of GlobalFoundries in a research report on Wednesday, October 8th. Four equities research 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. Based on data from MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and an average price target of $41.00.
Read Our Latest Stock Analysis on GFS
GlobalFoundries Stock Down 0.7%
Shares of GFS traded down $0.29 during mid-day trading on Friday, hitting $41.24. 3,419,408 shares of the company’s stock were exchanged, compared to its average volume of 5,340,070. The stock’s 50-day moving average is $36.78 and its 200-day moving average is $35.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.24 and a current ratio of 3.03. GlobalFoundries has a fifty-two week low of $29.77 and a fifty-two week high of $47.69. The company has a market cap of $22.80 billion, a price-to-earnings ratio of -458.17, a P/E/G ratio of 1.74 and a beta of 1.49.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.68 billion. GlobalFoundries had a negative net margin of 0.65% and a positive return on equity of 6.64%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. GlobalFoundries has set its Q4 2025 guidance at 0.420-0.520 EPS. On average, sell-side analysts anticipate that GlobalFoundries will post 1.31 earnings per share for the current fiscal year.
Institutional Trading of GlobalFoundries
Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in GlobalFoundries by 4.4% during the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after acquiring an additional 660 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of GlobalFoundries by 77.6% in the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock valued at $3,679,000 after purchasing an additional 44,599 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of GlobalFoundries by 7,120.1% during the 1st quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock worth $450,000 after purchasing an additional 12,033 shares during the last quarter. Strs Ohio acquired a new position in shares of GlobalFoundries during the first quarter worth $1,164,000. Finally, Voya Investment Management LLC increased its holdings in GlobalFoundries by 2.9% in the first quarter. Voya Investment Management LLC now owns 12,288 shares of the company’s stock valued at $454,000 after buying an additional 346 shares during the last quarter.
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.