TD Waterhouse Canada Inc. Invests $3.46 Million in GlobalFoundries Inc. $GFS

TD Waterhouse Canada Inc. purchased a new position in GlobalFoundries Inc. (NASDAQ:GFS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 44,844 shares of the company’s stock, valued at approximately $3,461,000.

Several other hedge funds have also bought and sold shares of the business. Aster Capital Management DIFC Ltd lifted its holdings in shares of GlobalFoundries by 844.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 62,593 shares of the company’s stock valued at $2,186,000 after purchasing an additional 55,967 shares during the last quarter. Sei Investments Co. grew its stake in shares of GlobalFoundries by 239.0% in the 1st quarter. Sei Investments Co. now owns 48,246 shares of the company’s stock worth $2,146,000 after buying an additional 34,014 shares during the last quarter. AXQ Capital LP boosted its holdings in GlobalFoundries by 438.9% in the fourth quarter. AXQ Capital LP now owns 49,617 shares of the company’s stock worth $1,733,000 after acquiring an additional 40,410 shares in the last quarter. Bank of America Corp DE grew its stake in shares of GlobalFoundries by 106.1% in the first quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after acquiring an additional 450,722 shares during the last quarter. Finally, Monaco Asset Management SAM purchased a new stake in shares of GlobalFoundries in the fourth quarter worth $6,984,000.

Analysts Set New Price Targets

Several research firms have recently issued reports on GFS. Morgan Stanley reaffirmed a “negative” rating and issued a $60.00 price target on shares of GlobalFoundries in a research report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research note on Wednesday, August 26th. Robert W. Baird set a $140.00 target price on shares of GlobalFoundries in a research note on Thursday, August 6th. UBS Group reduced their price target on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Finally, Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a research report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $74.32.

Insider Buying and Selling at GlobalFoundries

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 transaction, the director owned 14,867 shares in the company, valued at $865,556.74. This trade represents a 21.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 6,760 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total transaction of $345,571.20. 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 have sold a total of 22,745 shares of company stock valued at $1,433,835 over the last three months.

GlobalFoundries Stock Performance

GFS stock opened at $45.21 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. GlobalFoundries Inc. has a 1 year low of $31.59 and a 1 year high of $92.55. The company has a market cap of $24.81 billion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.78. The stock’s fifty day moving average price is $54.80 and its 200-day moving average price is $59.41.

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

GlobalFoundries Announces Dividend

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

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.