7,957 Shares in GlobalFoundries Inc. $GFS Acquired by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 7,957 shares of the company’s stock, valued at approximately $354,000.

Several other institutional investors have also added to or reduced their stakes in GFS. WealthCollab LLC increased 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 buying an additional 614 shares during the period. True Wealth Design LLC lifted its holdings in shares of 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 buying an additional 544 shares in the last quarter. Covestor Ltd boosted its position 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 acquiring an additional 349 shares during the period. Atlas Capital Advisors Inc. bought a new stake in shares of GlobalFoundries in the fourth quarter valued at about $35,000. Finally, Strategic Advocates LLC grew its stake in shares of GlobalFoundries by 95.1% in the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock valued at $37,000 after acquiring an additional 500 shares in the last quarter.

GlobalFoundries Price Performance

Shares of NASDAQ GFS opened at $69.84 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. GlobalFoundries Inc. has a 52 week low of $31.51 and a 52 week high of $92.55. The stock has a market capitalization of $38.32 billion, a P/E ratio of 50.24, a PEG ratio of 2.47 and a beta of 1.76. The stock’s fifty day moving average is $76.76 and its 200 day moving average is $55.36.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.63 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. GlobalFoundries’s revenue for the quarter was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Sell-side analysts forecast that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be given a $0.12 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. GlobalFoundries’s payout ratio is presently 34.53%.

Insider Activity

In related news, insider Michael James Hogan sold 2,800 shares of GlobalFoundries stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $82.88, for a total value of $232,064.00. Following the transaction, the insider directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 500 shares of GlobalFoundries stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $74.82, for a total transaction of $37,410.00. Following the completion of the transaction, the insider directly owned 15,494 shares in the company, valued at $1,159,261.08. This trade represents a 3.13% 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. In the last ninety days, insiders sold 22,510 shares of company stock worth $1,548,366.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Robert W. Baird set a $100.00 price target on shares of GlobalFoundries in a research report on Wednesday, May 6th. UBS Group boosted their price objective on shares of GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their target price on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $70.00 target price on shares of GlobalFoundries in a report on Tuesday, May 5th. Finally, Susquehanna boosted their price target on GlobalFoundries to $125.00 and gave the company a “positive” rating in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and a consensus target price of $74.62.

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.