Healthcare of Ontario Pension Plan Trust Fund Buys 545,900 Shares of GlobalFoundries Inc. $GFS

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 322.8% during the first quarter, HoldingsChannel.com reports. The fund owned 715,000 shares of the company’s stock after buying an additional 545,900 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in GlobalFoundries were worth $31,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Invesco Ltd. grew its stake in GlobalFoundries by 7.9% in the third quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock worth $106,172,000 after purchasing an additional 217,866 shares in the last quarter. AQR Capital Management LLC increased its holdings in GlobalFoundries by 9.9% during the 4th quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after purchasing an additional 257,254 shares during the period. Bessemer Group Inc. raised its position in GlobalFoundries by 8,275,141.2% during the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after purchasing an additional 2,813,548 shares in the last quarter. Marshall Wace LLP raised its position in GlobalFoundries by 126.0% during the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock valued at $83,180,000 after purchasing an additional 1,328,129 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in shares of GlobalFoundries by 55.4% in the 4th quarter. Squarepoint Ops LLC now owns 2,021,035 shares of the company’s stock worth $70,575,000 after buying an additional 720,846 shares during the period.

GlobalFoundries Stock Performance

Shares of NASDAQ:GFS opened at $53.53 on Monday. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month high of $92.55. The business’s fifty day simple moving average is $74.80 and its 200-day simple moving average is $58.23. The company has a market capitalization of $29.37 billion, a PE ratio of 38.51, a P/E/G ratio of 1.89 and a beta of 1.76. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13.

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

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th were issued a $0.12 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. GlobalFoundries’s payout ratio is currently 34.53%.

Insider Activity

In other GlobalFoundries news, insider Michael James Hogan sold 500 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $70.90, for a total transaction of $35,450.00. Following the completion of the sale, the insider directly owned 795 shares of the company’s stock, valued at approximately $56,365.50. This represents a 38.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 335 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $77.36, for a total transaction of $25,915.60. Following the completion of the sale, the insider owned 13,149 shares in the company, valued at $1,017,206.64. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 18,080 shares of company stock valued at $1,349,680.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $70.00 price target on shares of GlobalFoundries in a research report on Tuesday, May 5th. Zacks Research raised shares of GlobalFoundries from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. increased their target price on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Arete Research set a $95.00 target price on shares of GlobalFoundries in a research report on Wednesday, June 10th. Finally, UBS Group boosted their price target on shares of GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.62.

GlobalFoundries Profile

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.