Pacer Advisors Inc. Lowers Stock Position in GlobalFoundries Inc. $GFS

Pacer Advisors Inc. cut its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 16.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,557,857 shares of the company’s stock after selling 316,583 shares during the period. Pacer Advisors Inc.’s holdings in GlobalFoundries were worth $54,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GFS. WealthCollab LLC raised its position in GlobalFoundries by 674.7% in the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after purchasing an additional 614 shares during the period. True Wealth Design LLC grew its position in GlobalFoundries by 216.7% in the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after acquiring an additional 544 shares in the last quarter. Clearstead Advisors LLC grew its position in GlobalFoundries by 91.9% in the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after acquiring an additional 387 shares in the last quarter. Covestor Ltd increased its stake in GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after purchasing an additional 349 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of GlobalFoundries in the fourth quarter valued at approximately $35,000.

GlobalFoundries Price Performance

GFS stock opened at $85.83 on Friday. 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 Inc. has a twelve month low of $31.51 and a twelve month high of $92.55. The company’s 50 day moving average is $71.24 and its two-hundred day moving average is $52.45. The stock has a market cap of $47.09 billion, a P/E ratio of 61.75, a PEG ratio of 3.03 and a beta of 1.77.

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

GlobalFoundries Announces Dividend

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

Insider Buying and Selling at GlobalFoundries

In other news, Director Glenda Dorchak sold 4,000 shares of GlobalFoundries stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $58.46, for a total transaction of $233,840.00. Following the sale, the director owned 18,867 shares in the company, valued at approximately $1,102,964.82. The trade was a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,800 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $82.88, for a total value of $232,064.00. Following the completion of the sale, the insider directly owned 9,645 shares of the company’s stock, valued at approximately $799,377.60. This trade represents a 22.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,340 shares of company stock worth $1,359,960 over the last 90 days.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GFS shares. Susquehanna upped their target price on shares of GlobalFoundries to $125.00 and gave the stock a “positive” rating in a research note on Monday, May 11th. Wedbush reissued a “neutral” rating and issued a $50.00 price target on shares of GlobalFoundries in a research report on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research note on Friday, May 29th. Evercore reaffirmed an “outperform” rating and set a $85.00 price objective on shares of GlobalFoundries in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $65.00 price objective on shares of GlobalFoundries in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.