Y Intercept Hong Kong Ltd Makes New Investment in GlobalFoundries Inc. $GFS

Y Intercept Hong Kong Ltd bought a new position in GlobalFoundries Inc. (NASDAQ:GFS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 374,284 shares of the company’s stock, valued at approximately $13,070,000.

Several other hedge funds also recently bought and sold shares of GFS. HRT Financial LP acquired a new stake in GlobalFoundries in the fourth quarter worth $62,996,000. AQR Capital Management LLC raised its holdings in GlobalFoundries by 168.2% in the third quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock worth $93,463,000 after purchasing an additional 1,635,338 shares during the period. UBS Group AG raised its holdings in GlobalFoundries by 136.7% in 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. Squarepoint Ops LLC raised its holdings in GlobalFoundries by 137.8% in the third quarter. Squarepoint Ops LLC now owns 1,300,189 shares of the company’s stock worth $46,599,000 after purchasing an additional 753,376 shares during the period. Finally, Two Sigma Investments LP raised its holdings in GlobalFoundries by 1,789.3% in the third quarter. Two Sigma Investments LP now owns 657,269 shares of the company’s stock worth $23,557,000 after purchasing an additional 622,480 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Cantor Fitzgerald upgraded shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $50.00 to $80.00 in a report on Monday, May 4th. Jefferies Financial Group reiterated a “hold” rating and issued a $65.00 target price on shares of GlobalFoundries in a report on Wednesday, May 6th. Wedbush restated a “neutral” rating and set a $50.00 price objective on shares of GlobalFoundries in a report on Monday, May 4th. Morgan Stanley raised their price objective on shares of GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $70.00 price objective on shares of GlobalFoundries in a report on Tuesday, May 5th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.29.

Insiders Place Their Bets

In related news, insider Samak L. Azar sold 335 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $82.00, for a total value of $27,470.00. Following the completion of the transaction, the insider owned 14,489 shares of the company’s stock, valued at approximately $1,188,098. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $75.17, for a total transaction of $210,476.00. Following the completion of the transaction, the insider directly owned 6,695 shares of the company’s stock, valued at approximately $503,263.15. This trade represents a 29.49% 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. Over the last 90 days, insiders have sold 23,305 shares of company stock worth $1,432,810.

GlobalFoundries Trading Up 0.8%

Shares of NASDAQ:GFS opened at $81.38 on Friday. GlobalFoundries Inc. has a 12 month low of $31.51 and a 12 month high of $92.55. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $67.37 and its 200 day simple moving average is $50.77. The firm has a market cap of $45.28 billion, a price-to-earnings ratio of 58.55, a PEG ratio of 2.85 and a beta of 1.77.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the business posted $0.34 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, research analysts forecast that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, June 24th.

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.