SG Americas Securities LLC Buys 58,424 Shares of GlobalFoundries Inc. $GFS

SG Americas Securities LLC increased its stake in GlobalFoundries Inc. (NASDAQ:GFS) by 68.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,991 shares of the company’s stock after buying an additional 58,424 shares during the period. SG Americas Securities LLC’s holdings in GlobalFoundries were worth $6,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GFS. Invesco Ltd. boosted its position in GlobalFoundries by 7.9% in the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock valued at $106,172,000 after buying an additional 217,866 shares during the period. AQR Capital Management LLC grew its stake in GlobalFoundries by 9.9% in the fourth 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 in the last quarter. First Trust Advisors LP grew its stake in GlobalFoundries by 15.2% in the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock worth $95,315,000 after purchasing an additional 350,743 shares in the last quarter. Marshall Wace LLP increased its holdings in GlobalFoundries by 126.0% during the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after purchasing an additional 1,328,129 shares during the period. Finally, ArrowMark Colorado Holdings LLC raised its position in GlobalFoundries by 5.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,274,261 shares of the company’s stock valued at $81,510,000 after purchasing an additional 124,812 shares in the last quarter.

GlobalFoundries Stock Up 0.2%

GlobalFoundries stock opened at $79.91 on Monday. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The firm has a market cap of $43.85 billion, a P/E ratio of 57.49, a P/E/G ratio of 2.82 and a beta of 1.77. The business has a fifty day moving average of $74.83 and a two-hundred day moving average of $54.19. GlobalFoundries Inc. has a twelve month low of $31.51 and a twelve month high of $92.55.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results 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. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The business’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, analysts forecast that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

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 of this dividend is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. GlobalFoundries’s dividend payout ratio (DPR) is presently 34.53%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GFS shares. JPMorgan Chase & Co. upped their target price on GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Robert W. Baird set a $100.00 price target on GlobalFoundries in a research note on Wednesday, May 6th. The Goldman Sachs Group restated a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a report on Tuesday, May 5th. Needham & Company LLC upped their price objective on shares of GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a report on Friday, May 29th. Nine investment 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $73.29.

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries news, insider Samak L. Azar sold 500 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $74.82, for a total value of $37,410.00. Following the completion of the transaction, the insider directly owned 15,494 shares in the company, valued at approximately $1,159,261.08. The trade was a 3.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 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 completion of 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 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 have sold 24,475 shares of company stock worth $1,621,766 over the last quarter.

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.