SummitTX Capital L.P. Invests $930,000 in GlobalFoundries Inc. $GFS

SummitTX Capital L.P. acquired a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,904 shares of the company’s stock, valued at approximately $930,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GFS. WealthCollab LLC raised its holdings in GlobalFoundries by 674.7% in the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after acquiring an additional 614 shares during the period. Covestor Ltd boosted its holdings in GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after acquiring an additional 349 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of GlobalFoundries in the fourth quarter valued at about $35,000. Strategic Advocates LLC grew its position in shares of GlobalFoundries by 95.1% in the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after purchasing an additional 237 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GFS shares. Robert W. Baird set a $100.00 target price on GlobalFoundries in a research note on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $65.00 price target on shares of GlobalFoundries in a research report on Wednesday, May 6th. Cantor Fitzgerald raised GlobalFoundries from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $50.00 to $80.00 in a research report on Monday, May 4th. Loop Capital set a $80.00 price objective on shares of GlobalFoundries in a research note on Monday, May 4th. Finally, Morgan Stanley boosted their target price on shares of GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, GlobalFoundries has an average rating of “Hold” and a consensus target price of $74.62.

More GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: The proposed government award strengthens GlobalFoundries’ position in the strategic U.S. semiconductor supply chain and provides outside funding for a technology area viewed as important to the growth of AI infrastructure. Analysts at Wedbush said the agreement reinforces the case for increased domestic silicon-photonics investment. US to award GlobalFoundries $300 million to develop faster AI chip links
• Positive Sentiment: Investors are also looking ahead to GlobalFoundries’ second-quarter 2026 results, scheduled for Aug. 5 before the market opens. The company has beaten earnings estimates in each of the past four quarters, with an average surprise of 13.97%, raising expectations for another potential beat. GFS Set to Report Q2 Results
• Neutral Sentiment: The award remains subject to the finalization of the government agreement, and the immediate financial impact is uncertain. With shares trading at a relatively elevated earnings multiple, some of the optimism surrounding the CHIPS funding may already be reflected in the stock.
• Neutral Sentiment: GlobalFoundries also streamlined its board following shareholder-backed annual-meeting decisions. The governance change could improve focus, but the reports provide limited evidence of a near-term effect on earnings or valuation. GlobalFoundries Streamlines Board After Shareholder-Backed AGM Decisions
• Negative Sentiment: An insider sold 335 shares for approximately $19,135 under a pre-arranged Rule 10b5-1 trading plan. The small, scheduled transaction is unlikely to materially change the investment case, but it is a modest negative signal.

Insider Activity at GlobalFoundries

In other GlobalFoundries news, insider Michael James Hogan sold 2,800 shares of GlobalFoundries stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $75.17, for a total transaction of $210,476.00. Following the sale, the insider owned 6,695 shares in the company, valued at $503,263.15. The trade was a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 500 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $74.82, for a total transaction of $37,410.00. Following the completion of the sale, the insider directly owned 15,494 shares in the company, valued at $1,159,261.08. This trade represents a 3.13% decrease in their position. 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 ninety days, insiders sold 19,615 shares of company stock worth $1,430,608.

GlobalFoundries Stock Up 6.0%

NASDAQ GFS opened at $49.89 on Friday. GlobalFoundries Inc. has a twelve month low of $31.51 and a twelve month high of $92.55. The stock has a market cap of $27.37 billion, a PE ratio of 35.89, a PEG ratio of 1.66 and a beta of 1.76. The firm has a 50-day simple moving average of $73.05 and a 200 day simple moving average of $58.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $1.63 billion for 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 company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, research analysts forecast that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. GlobalFoundries’s payout ratio is currently 34.53%.

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.