GlobalFoundries (GFS)

• Market cap: $23.4B
• 1 day: -4.76%
• 5 days: -2.46%
• 1 month: -0.59%
• 3 months: 1.02%
• 6 months: -7.88%
• Year to date: -0.12%
• 1 year: -20.53%
• 5 years: -8.56%
• 10 years: -8.56%

About: GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and employs about 13,000 people.

Employees: 12,000

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]

7% more capital invested

Capital invested by funds: $22.2B [Q3] → $23.8B (+$1.66B) [Q4]

0.78% more ownership

Funds ownership: 99.11% [Q3] → 99.88% (+0.78%) [Q4]

0% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 40

0% more repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 93

3% less funds holding

Funds holding: 269 [Q3] → 260 (-9) [Q4]

21% less call options, than puts

Call options by funds: $63.1M | Put options by funds: $80.3M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $42 1% downside
• Avg. target: $49 16% upside
• High target: $60 41% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

UBS Timothy Arcuri 58% 1-year accuracy 18 / 31 met price target	6% upside $45	Neutral Maintained	12 Feb 2025
Wedbush Matt Bryson 50% 1-year accuracy 20 / 40 met price target	41% upside $60	Outperform Reiterated	12 Feb 2025
Morgan Stanley Joseph Moore 72% 1-year accuracy 43 / 60 met price target	1% downside $42	Equal-Weight Maintained	12 Feb 2025
Needham Quinn Bolton 58% 1-year accuracy 80 / 139 met price target	18% upside $50	Buy Upgraded	12 Feb 2025