Landscape Capital Management L.L.C. Makes New Investment in GlobalFoundries Inc. $GFS

Landscape Capital Management L.L.C. bought a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS) during the fourth quarter, Holdings Channel reports. The fund bought 41,796 shares of the company’s stock, valued at approximately $1,460,000.

Other institutional investors also recently bought and sold shares of the company. WealthCollab LLC raised its stake in GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after purchasing an additional 614 shares during the period. True Wealth Design LLC raised its stake in GlobalFoundries by 216.7% during the fourth quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after purchasing an additional 544 shares during the period. Clearstead Advisors LLC raised its stake in GlobalFoundries by 91.9% during the third quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after purchasing an additional 387 shares during the period. Covestor Ltd raised 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 GlobalFoundries during the fourth quarter worth about $35,000.

Insider Activity at GlobalFoundries

In related news, insider Samak L. Azar sold 335 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $77.00, for a total transaction of $25,795.00. Following the sale, the insider directly owned 14,154 shares of the company’s stock, valued at $1,089,858. This represents a 2.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 that occurred on Wednesday, June 10th. The stock was sold at an average price of $75.17, for a total transaction of $210,476.00. Following the sale, the insider directly owned 6,695 shares in the company, valued at approximately $503,263.15. The trade was a 29.49% 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. Over the last ninety days, insiders have sold 23,640 shares of company stock worth $1,458,605.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley lifted their target price on shares of GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Wedbush reaffirmed a “neutral” rating and set a $50.00 target price on shares of GlobalFoundries in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GlobalFoundries in a research note on Friday, May 29th. Arete Research set a $95.00 target price on shares of GlobalFoundries in a research note on Wednesday, June 10th. Finally, UBS Group boosted their price target on shares of GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, GlobalFoundries currently has a consensus rating of “Hold” and an average target price of $73.29.

GlobalFoundries Price Performance

Shares of GFS opened at $83.98 on Tuesday. GlobalFoundries Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $92.55. The firm’s 50 day moving average price is $68.17 and its 200 day moving average price is $51.23. The company has a market cap of $46.73 billion, a P/E ratio of 60.42, a PEG ratio of 2.88 and a beta of 1.77. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results 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. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. 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 earnings per share for the current fiscal year.

GlobalFoundries Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, June 24th.

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.