GlobalFoundries Inc. $GFS Shares Acquired by USS Investment Management Ltd

USS Investment Management Ltd increased its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 23.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 43,170 shares of the company’s stock after acquiring an additional 8,144 shares during the period. USS Investment Management Ltd’s holdings in GlobalFoundries were worth $1,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. WealthCollab LLC lifted its position in GlobalFoundries by 674.7% during 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. True Wealth Design LLC grew its stake in shares of GlobalFoundries by 216.7% in the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after purchasing an additional 544 shares during the last quarter. Covestor Ltd increased its holdings in shares of GlobalFoundries by 57.6% in the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after purchasing an additional 349 shares during the period. Atlas Capital Advisors Inc. acquired a new position in shares of GlobalFoundries in the fourth quarter valued at approximately $35,000. Finally, Strategic Advocates LLC raised its stake in shares of GlobalFoundries by 95.1% during the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $69.84 on Friday. The company has a market cap of $38.32 billion, a price-to-earnings ratio of 50.24, a price-to-earnings-growth ratio of 2.47 and a beta of 1.76. The stock has a 50 day simple moving average of $76.76 and a 200-day simple moving average of $55.36. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month high of $92.55. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating 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 business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm earned $0.34 EPS. The company’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. On average, equities analysts forecast that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be issued a $0.12 dividend. 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 0.7%. GlobalFoundries’s dividend payout ratio (DPR) is 34.53%.

Insiders Place Their Bets

In other news, insider Michael James Hogan sold 2,800 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $83.53, for a total transaction of $233,884.00. Following the transaction, the insider directly owned 3,745 shares of the company’s stock, valued at $312,819.85. This represents a 42.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 335 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $87.02, for a total transaction of $29,151.70. Following the completion of the transaction, the insider owned 13,484 shares of the company’s stock, valued at $1,173,377.68. This represents a 2.42% decrease in their position. 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. In the last three months, insiders sold 22,510 shares of company stock valued at $1,548,366.

Wall Street Analysts Forecast Growth

GFS has been the subject of several recent research reports. UBS Group increased their price target on GlobalFoundries from $65.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Evercore reissued an “outperform” rating and issued a $85.00 price objective on shares of GlobalFoundries in a research note on Tuesday, May 19th. JPMorgan Chase & Co. upped their price objective on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Needham & Company LLC raised their target price 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, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $70.00 target price on shares of GlobalFoundries in a report on Tuesday, May 5th. Eight research 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $74.62.

GlobalFoundries Company 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.