Rockefeller Capital Management L.P. Purchases 15,167 Shares of GlobalFoundries Inc. $GFS

Rockefeller Capital Management L.P. raised its position in GlobalFoundries Inc. (NASDAQ:GFS) by 388.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,072 shares of the company’s stock after purchasing an additional 15,167 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in GlobalFoundries were worth $666,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. WealthCollab LLC raised its stake in shares of GlobalFoundries by 674.7% in the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after acquiring an additional 614 shares during the last quarter. True Wealth Design LLC grew its position in GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after acquiring an additional 544 shares during the last quarter. Covestor Ltd grew its position in GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after acquiring an additional 349 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in GlobalFoundries during the 4th quarter valued at $35,000. Finally, Strategic Advocates LLC increased its holdings in GlobalFoundries by 95.1% during the 4th quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares in the last quarter.

GlobalFoundries Price Performance

Shares of GFS opened at $69.84 on Friday. The business’s fifty day moving average price is $76.76 and its two-hundred day moving average price is $55.36. The firm has a market capitalization of $38.32 billion, a price-to-earnings ratio of 50.24, a PEG ratio of 2.47 and a beta of 1.76. GlobalFoundries Inc. has a 52 week low of $31.51 and a 52 week high of $92.55. 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 (NASDAQ:GFS) last released its 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. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The company 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 company 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. On average, analysts predict that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.

GlobalFoundries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, June 24th. GlobalFoundries’s payout ratio is currently 34.53%.

Insider Activity

In other GlobalFoundries news, insider Samak L. Azar sold 335 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $87.02, for a total transaction of $29,151.70. Following the transaction, the insider directly owned 13,484 shares in the company, valued at approximately $1,173,377.68. This represents a 2.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 dated Wednesday, June 24th. The shares were sold at an average price of $83.53, for a total transaction of $233,884.00. Following the completion of the transaction, the insider directly owned 3,745 shares in the company, valued at $312,819.85. This trade represents a 42.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,510 shares of company stock valued at $1,548,366 over the last three months.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Arete Research set a $95.00 price objective on GlobalFoundries in a research report on Wednesday, June 10th. Cantor Fitzgerald upgraded GlobalFoundries from a “neutral” rating to an “overweight” rating and raised their target price for the company from $50.00 to $80.00 in a research note on Monday, May 4th. Morgan Stanley lifted their price target on GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. UBS Group upped their price target on shares of GlobalFoundries from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Susquehanna increased their price objective on shares of GlobalFoundries to $125.00 and gave the stock a “positive” rating in a report on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, GlobalFoundries has a consensus rating of “Hold” and an average target price of $74.62.

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.