FMR LLC & Abigail Johnson Report 6.308% Stake in GLOBALFOUNDRIES
Ticker: GFS · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1709048
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**FMR LLC still holds over 6% of GLOBALFOUNDRIES, signaling continued institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its Chair and CEO, Abigail P. Johnson, have filed an amended SC 13G/A for GLOBALFOUNDRIES Inc. This filing, dated February 9, 2024, shows that FMR LLC beneficially owns 34,899,797 shares of GLOBALFOUNDRIES common stock, representing 6.308% of the company. This is an update to their previous holdings, indicating a slight adjustment in their passive investment. For investors, this means a significant institutional holder maintains a substantial, though passive, stake in GLOBALFOUNDRIES, which can signal confidence in the company's long-term prospects.
Why It Matters
This filing confirms a major institutional investor, FMR LLC, continues to hold a significant stake in GLOBALFOUNDRIES, which can influence market perception and stock stability. Their passive investment suggests they are not seeking to control the company but see value in its current operations.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, posing minimal immediate risk to the stock.
Analyst Insight
Investors should note that a major institutional investor like FMR LLC maintains a substantial, passive stake, which can be a sign of long-term confidence in GLOBALFOUNDRIES. This filing doesn't suggest any immediate catalysts but reinforces the company's institutional backing.
Key Numbers
- 34,899,797 — Shares Beneficially Owned (Represents the total common stock of GLOBALFOUNDRIES held by FMR LLC and Abigail P. Johnson.)
- 6.308% — Percent of Class (Indicates the proportion of GLOBALFOUNDRIES' common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — Reporting Person and parent holding company
- GLOBALFOUNDRIES Inc. (company) — Issuer of the common stock
- Abigail P. Johnson (person) — Reporting Person, associated with FMR LLC
- 34,899,797 (dollar_amount) — Total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 6.308% (dollar_amount) — Percentage of class owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in GLOBALFOUNDRIES Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
What is the total number of GLOBALFOUNDRIES Inc. common shares beneficially owned by FMR LLC and Abigail P. Johnson as per this filing?
According to Item 4(a) of the filing, FMR LLC and Abigail P. Johnson beneficially own 34,899,797 shares of GLOBALFOUNDRIES Inc. common stock.
What percentage of GLOBALFOUNDRIES Inc.'s common stock does FMR LLC and Abigail P. Johnson collectively own?
Item 4(b) of the filing states that FMR LLC and Abigail P. Johnson collectively own 6.308% of GLOBALFOUNDRIES Inc.'s common stock.
Under which rule is this Schedule 13G/A filed?
The filing indicates that this Schedule 13G/A is filed pursuant to Rule 13d-1(b), as marked by the 'x' in the appropriate box.
What is the CUSIP number for GLOBALFOUNDRIES Inc. common stock mentioned in the filing?
The CUSIP number for GLOBALFOUNDRIES Inc. common stock is G39387108, as stated in the filing.
What is the business address of the reporting person, FMR LLC?
The business address for FMR LLC is 245 Summer Street, Boston, Massachusetts 02210, as listed in Item 2(b) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding GLOBALFOUNDRIES Inc. (GFS).