Public Employees Retirement System of Ohio Buys Shares of 37,211 GlobalFoundries Inc. $GFS

Public Employees Retirement System of Ohio bought a new stake in GlobalFoundries Inc. (NASDAQ:GFS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 37,211 shares of the company’s stock, valued at approximately $3,067,000.

Other hedge funds have also made changes to their positions in the company. Invesco Ltd. grew its position in GlobalFoundries by 7.9% during the third quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock valued at $106,172,000 after purchasing an additional 217,866 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of GlobalFoundries by 9.9% during the 4th quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock valued at $100,047,000 after buying an additional 257,254 shares during the period. Bessemer Group Inc. boosted its stake in shares of 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 buying an additional 2,813,548 shares during the period. Marshall Wace LLP grew its holdings in shares of 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 acquiring an additional 1,328,129 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of GlobalFoundries by 55.4% in the fourth quarter. Squarepoint Ops LLC now owns 2,021,035 shares of the company’s stock worth $70,575,000 after acquiring an additional 720,846 shares during the last quarter.

Insider Activity at GlobalFoundries

In related news, insider Pradheepa Raman sold 6,760 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total transaction of $345,571.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Hogan sold 2,800 shares of the 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 completion of the sale, the insider directly owned 6,695 shares of the company’s stock, valued at approximately $503,263.15. This trade represents a 29.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 22,745 shares of company stock worth $1,433,835.

GlobalFoundries Stock Up 1.5%

GlobalFoundries stock opened at $45.21 on Friday. The firm has a market cap of $24.81 billion, a price-to-earnings ratio of 35.32, a P/E/G ratio of 1.41 and a beta of 1.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. GlobalFoundries Inc. has a fifty-two week low of $31.59 and a fifty-two week high of $92.55. The firm has a fifty day moving average price of $55.52 and a two-hundred day moving average price of $59.35.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, analysts forecast that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

GlobalFoundries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be paid a $0.12 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. GlobalFoundries’s dividend payout ratio (DPR) is presently 37.50%.

Analyst Ratings Changes

Several analysts recently issued reports on GFS shares. Stifel Nicolaus assumed coverage on GlobalFoundries in a report on Tuesday. They set a “buy” rating and a $60.00 price objective for the company. Zacks Research downgraded GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. TD Cowen dropped their price objective on GlobalFoundries from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Arete Research set a $95.00 price objective on GlobalFoundries in a report on Wednesday, June 10th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $74.32.

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.