Handelsbanken Fonder AB Decreases Stock Position in GlobalFoundries Inc. $GFS

Handelsbanken Fonder AB cut its position in GlobalFoundries Inc. (NASDAQ:GFS) by 82.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,827 shares of the company’s stock after selling 134,829 shares during the quarter. Handelsbanken Fonder AB’s holdings in GlobalFoundries were worth $2,293,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in GlobalFoundries by 8,275,141.2% in the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after acquiring an additional 2,813,548 shares during the last quarter. HRT Financial LP purchased a new stake in GlobalFoundries during the fourth quarter valued at about $62,996,000. AQR Capital Management LLC lifted its holdings in GlobalFoundries by 168.2% during the third quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock valued at $93,463,000 after purchasing an additional 1,635,338 shares during the last quarter. Marshall Wace LLP boosted its position in 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 during the period. Finally, UBS Group AG boosted its position in GlobalFoundries by 136.7% during the fourth quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock worth $63,178,000 after purchasing an additional 1,044,755 shares during the period.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 4,000 shares of GlobalFoundries stock in a transaction on Monday, July 20th. The shares were sold at an average price of $58.22, for a total transaction of $232,880.00. Following the completion of the sale, the director directly owned 14,867 shares of the company’s stock, valued at approximately $865,556.74. The trade was a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 on Wednesday, May 27th. The stock was sold at an average price of $82.88, for a total transaction of $232,064.00. Following the completion of the transaction, the insider owned 9,645 shares of the company’s stock, valued at $799,377.60. This trade represents a 22.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,785 shares of company stock valued at $1,354,672 in the last quarter.

GlobalFoundries Stock Performance

NASDAQ:GFS opened at $54.58 on Monday. The business’s 50-day moving average price is $66.12 and its two-hundred day moving average price is $59.22. GlobalFoundries Inc. has a twelve month low of $31.59 and a twelve month high of $92.55. The stock has a market cap of $29.95 billion, a P/E ratio of 42.64, a PEG ratio of 1.37 and a beta of 1.80. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13.

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

GlobalFoundries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a yield of 0.9%. GlobalFoundries’s payout ratio is presently 37.50%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday, May 29th. Morgan Stanley reaffirmed a “negative” rating and issued a $60.00 price objective on shares of GlobalFoundries in a report on Thursday, August 6th. Zacks Research lowered shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Needham & Company LLC boosted their target price on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Robert W. Baird set a $140.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $75.11.

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.