GlobalFoundries Inc. $GFS Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its holdings in GlobalFoundries Inc. (NASDAQ:GFS) by 66.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,985 shares of the company’s stock after selling 32,268 shares during the quarter. Hsbc Holdings PLC’s holdings in GlobalFoundries were worth $708,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Royal Bank of Canada grew its stake in GlobalFoundries by 4.4% in the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock valued at $575,000 after acquiring an additional 660 shares during the period. AQR Capital Management LLC raised its position in GlobalFoundries by 77.6% during the first quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock worth $3,679,000 after acquiring an additional 44,599 shares during the period. Jones Financial Companies Lllp raised its position in GlobalFoundries by 7,120.1% during the first quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock worth $450,000 after acquiring an additional 12,033 shares during the period. American Century Companies Inc. lifted its stake in GlobalFoundries by 3.4% in the 2nd quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock valued at $1,055,000 after buying an additional 903 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in GlobalFoundries in the 2nd quarter valued at about $269,000.

Wall Street Analysts Forecast Growth

GFS has been the topic of several research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 5th. Needham & Company LLC upped their price objective on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Wedbush reiterated a “neutral” rating and issued a $50.00 price objective on shares of GlobalFoundries in a report on Monday, May 4th. Robert W. Baird set a $100.00 target price on GlobalFoundries in a report on Wednesday, May 6th. Finally, Arete Research set a $95.00 price target on GlobalFoundries in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, GlobalFoundries has a consensus rating of “Hold” and a consensus target price of $74.62.

GlobalFoundries Price Performance

NASDAQ:GFS opened at $49.89 on Friday. GlobalFoundries Inc. has a 52 week low of $31.51 and a 52 week high of $92.55. The stock’s fifty day moving average is $73.05 and its two-hundred day moving average is $58.52. The company has a market capitalization of $27.37 billion, a P/E ratio of 35.89, a P/E/G ratio of 1.66 and a beta of 1.76. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13.

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

GlobalFoundries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 24th. GlobalFoundries’s payout ratio is 34.53%.

GlobalFoundries News Summary

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: The proposed government award strengthens GlobalFoundries’ position in the strategic U.S. semiconductor supply chain and provides outside funding for a technology area viewed as important to the growth of AI infrastructure. Analysts at Wedbush said the agreement reinforces the case for increased domestic silicon-photonics investment. US to award GlobalFoundries $300 million to develop faster AI chip links
• Positive Sentiment: Investors are also looking ahead to GlobalFoundries’ second-quarter 2026 results, scheduled for Aug. 5 before the market opens. The company has beaten earnings estimates in each of the past four quarters, with an average surprise of 13.97%, raising expectations for another potential beat. GFS Set to Report Q2 Results
• Neutral Sentiment: The award remains subject to the finalization of the government agreement, and the immediate financial impact is uncertain. With shares trading at a relatively elevated earnings multiple, some of the optimism surrounding the CHIPS funding may already be reflected in the stock.
• Neutral Sentiment: GlobalFoundries also streamlined its board following shareholder-backed annual-meeting decisions. The governance change could improve focus, but the reports provide limited evidence of a near-term effect on earnings or valuation. GlobalFoundries Streamlines Board After Shareholder-Backed AGM Decisions
• Negative Sentiment: An insider sold 335 shares for approximately $19,135 under a pre-arranged Rule 10b5-1 trading plan. The small, scheduled transaction is unlikely to materially change the investment case, but it is a modest negative signal.

Insider Transactions at GlobalFoundries

In other GlobalFoundries news, insider Samak L. Azar sold 500 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $74.82, for a total value of $37,410.00. Following the sale, the insider owned 15,494 shares of the company’s stock, valued at $1,159,261.08. The trade was a 3.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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, June 10th. The stock was sold at an average price of $75.17, for a total value of $210,476.00. Following the transaction, the insider owned 6,695 shares in the company, valued at $503,263.15. This trade represents a 29.49% 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. In the last three months, insiders have sold 19,615 shares of company stock worth $1,430,608.

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.