Pinpoint Asset Management Singapore Pte. Ltd. Takes $440,000 Position in GlobalFoundries Inc. $GFS

Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in GlobalFoundries Inc. (NASDAQ:GFS) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 12,588 shares of the company’s stock, valued at approximately $440,000.

A number of other institutional investors have also made changes to their positions in GFS. HRT Financial LP bought a new stake in shares of GlobalFoundries in the 4th quarter valued at approximately $62,996,000. AQR Capital Management LLC increased its holdings in shares of GlobalFoundries by 168.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock valued at $93,463,000 after acquiring an additional 1,635,338 shares during the last quarter. UBS Group AG increased its holdings in shares of GlobalFoundries by 136.7% in the 4th quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock valued at $63,178,000 after acquiring an additional 1,044,755 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of GlobalFoundries by 137.8% in the 3rd quarter. Squarepoint Ops LLC now owns 1,300,189 shares of the company’s stock valued at $46,599,000 after acquiring an additional 753,376 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of GlobalFoundries by 1,789.3% in the 3rd quarter. Two Sigma Investments LP now owns 657,269 shares of the company’s stock valued at $23,557,000 after acquiring an additional 622,480 shares during the last quarter.

GlobalFoundries Trading Up 0.8%

NASDAQ:GFS opened at $81.38 on Friday. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month high of $92.55. The firm has a market capitalization of $45.28 billion, a P/E ratio of 58.55, a P/E/G ratio of 2.85 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. The business has a 50 day simple moving average of $67.37 and a 200 day simple moving average of $50.77.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities research analysts predict that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%.

Insider Activity at GlobalFoundries

In related news, insider Michael James Hogan sold 2,800 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $82.88, for a total transaction of $232,064.00. Following the completion of the transaction, the insider owned 9,645 shares in the company, valued at $799,377.60. The trade was a 22.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $58.46, for a total value of $233,840.00. Following the transaction, the director owned 18,867 shares of the company’s stock, valued at $1,102,964.82. This represents a 17.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,305 shares of company stock worth $1,432,810 in the last 90 days.

Analysts Set New Price Targets

GFS has been the subject of a number of research analyst reports. Morgan Stanley boosted their price target on GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Cantor Fitzgerald upgraded GlobalFoundries from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $50.00 to $80.00 in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Robert W. Baird set a $100.00 price target on GlobalFoundries in a report on Wednesday, May 6th. Finally, Susquehanna boosted their price objective on GlobalFoundries to $125.00 and gave the company a “positive” rating in a research report on Monday, May 11th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $73.29.

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.