GlobalFoundries
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: 13,000
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]
10% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 40
8% more capital invested
Capital invested by funds: $22.1B [Q3] → $23.8B (+$1.69B) [Q4]
0.94% more ownership
Funds ownership: 98.97% [Q3] → 99.91% (+0.94%) [Q4]
1% less funds holding
Funds holding: 268 [Q3] → 266 (-2) [Q4]
1% less repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 94
21% less call options, than puts
Call options by funds: $63.1M | Put options by funds: $80.3M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Morgan Stanley Joseph Moore 60% 1-year accuracy 40 / 67 met price target | 4%downside $38 | Equal-Weight Maintained | 7 May 2025 |
UBS Timothy Arcuri 0 / 0 met price target | 6%downside $37 | Neutral Maintained | 29 Apr 2025 |
Citigroup Christopher Danely 55% 1-year accuracy 27 / 49 met price target | 11%downside $35 | Neutral Maintained | 11 Apr 2025 |
Financial journalist opinion
Based on 8 articles about GFS published over the past 30 days
