USS Investment Management Ltd raised its position in GlobalFoundries Inc. (NASDAQ:GFS – Free Report) by 23.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,170 shares of the company’s stock after acquiring an additional 8,144 shares during the quarter. USS Investment Management Ltd’s holdings in GlobalFoundries were worth $1,921,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GFS. Invesco Ltd. increased its position in shares of 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 purchasing an additional 217,866 shares during the last quarter. AQR Capital Management LLC lifted its position 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 worth $100,047,000 after purchasing an additional 257,254 shares during the last quarter. First Trust Advisors LP lifted its position in shares of GlobalFoundries by 15.2% during the 3rd 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 during the last quarter. Marshall Wace LLP grew its stake in shares of GlobalFoundries by 126.0% during the fourth 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 in the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its stake in shares of GlobalFoundries by 5.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 2,274,261 shares of the company’s stock worth $81,510,000 after purchasing an additional 124,812 shares in the last quarter.
Insiders Place Their Bets
In other GlobalFoundries news, Director Glenda Dorchak sold 4,000 shares of GlobalFoundries stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $58.46, for a total transaction of $233,840.00. Following the transaction, the director owned 18,867 shares of the company’s stock, valued at $1,102,964.82. The trade was a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 that occurred on 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 sale, the insider owned 15,494 shares of the company’s stock, valued at approximately $1,159,261.08. This represents a 3.13% decrease in their position. 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 a total of 22,510 shares of company stock valued at $1,548,366 over the last quarter.
GlobalFoundries Stock Performance
GlobalFoundries (NASDAQ:GFS – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the company posted $0.34 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, analysts expect that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.
GlobalFoundries Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, June 24th. GlobalFoundries’s dividend payout ratio (DPR) is currently 34.53%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on GFS shares. Susquehanna raised their price target on GlobalFoundries to $125.00 and gave the company a “positive” rating in a research note on Monday, May 11th. Robert W. Baird set a $100.00 price objective on GlobalFoundries in a report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday, May 29th. Citigroup boosted their target price on GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley increased their price target on shares of GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.62.
Check Out Our Latest Analysis on GlobalFoundries
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.
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