Wellington Management Group LLP Lowers Position in GlobalFoundries Inc. $GFS

Wellington Management Group LLP decreased its position in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 48.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331,221 shares of the company’s stock after selling 313,964 shares during the quarter. Wellington Management Group LLP’s holdings in GlobalFoundries were worth $27,296,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in GlobalFoundries during the second quarter worth $60,000. Parallel Advisors LLC raised its position in shares of GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after acquiring an additional 237 shares during the period. Covestor Ltd raised its position in shares of GlobalFoundries by 57.6% in the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after acquiring an additional 349 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of GlobalFoundries during the 4th quarter worth about $35,000. Finally, Strategic Advocates LLC grew its position in shares of 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 acquiring an additional 500 shares during the period.

Insider Buying and Selling at GlobalFoundries

In other news, insider Pradheepa Raman sold 6,760 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total value of $345,571.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $58.22, for a total transaction of $232,880.00. Following the completion of the transaction, the director directly owned 14,867 shares in the company, valued at approximately $865,556.74. This represents a 21.20% 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 90 days, insiders sold 22,745 shares of company stock worth $1,433,835.

GlobalFoundries Price Performance

Shares of GlobalFoundries stock opened at $45.21 on Friday. The business has a 50 day simple moving average of $55.52 and a two-hundred day simple moving average of $59.35. GlobalFoundries Inc. has a 12 month low of $31.59 and a 12 month high of $92.55. The stock has a market capitalization of $24.81 billion, a P/E ratio of 35.32, a PEG ratio of 1.43 and a beta of 1.78. 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 (NASDAQ:GFS) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, analysts predict that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

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 paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s payout ratio is 37.50%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GFS. Evercore restated an “outperform” rating and issued a $85.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 19th. Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. UBS Group reduced their target price on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Susquehanna lifted their price target on shares of GlobalFoundries to $125.00 and gave the company a “positive” rating in a research note on Monday, May 11th. Finally, Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a research report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, GlobalFoundries presently has a consensus rating of “Hold” and an average target price of $74.32.

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.