TD Waterhouse Canada Inc. Takes Position in GlobalFoundries Inc. $GFS

TD Waterhouse Canada Inc. bought a new position in GlobalFoundries Inc. (NASDAQ:GFS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 44,844 shares of the company’s stock, valued at approximately $3,461,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd boosted its stake in shares of GlobalFoundries by 57.6% in the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after acquiring an additional 349 shares during the period. Atlas Capital Advisors Inc. purchased a new position in GlobalFoundries in the 4th quarter worth approximately $35,000. Strategic Advocates LLC boosted its stake in GlobalFoundries by 95.1% in the 4th 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 period. Parallel Advisors LLC grew its holdings in GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after buying an additional 237 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in GlobalFoundries during the 1st quarter valued at approximately $53,000.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GFS shares. Evercore restated an “outperform” rating and set a $85.00 target price on shares of GlobalFoundries in a research report on Tuesday, May 19th. Zacks Research cut shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. TD Cowen dropped their price objective on shares of GlobalFoundries from $85.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Morgan Stanley restated a “negative” rating and set a $60.00 price objective on shares of GlobalFoundries in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 target price on GlobalFoundries in a report on Monday, August 10th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $74.32.

GlobalFoundries Stock Performance

Shares of GFS opened at $45.21 on Tuesday. The stock has a market capitalization of $24.81 billion, a PE ratio of 35.32, a P/E/G ratio of 1.43 and a beta of 1.78. The company’s fifty day moving average is $54.80 and its 200 day moving average is $59.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. GlobalFoundries Inc. has a fifty-two week low of $31.59 and a fifty-two week high of $92.55.

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

GlobalFoundries Announces Dividend

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

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries news, insider Pradheepa Raman sold 6,760 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $51.12, for a total transaction of $345,571.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $58.22, for a total value of $232,880.00. Following the sale, the director owned 14,867 shares in the company, valued at approximately $865,556.74. This trade represents a 21.20% 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. Insiders sold a total of 22,745 shares of company stock worth $1,433,835 in the last 90 days.

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.