ING Groep NV Purchases New Holdings in GlobalFoundries Inc. $GFS

ING Groep NV purchased a new stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 396,723 shares of the company’s stock, valued at approximately $13,854,000.

A number of other large investors also recently bought and sold shares of GFS. WealthCollab LLC lifted its position in GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after acquiring an additional 614 shares during the period. True Wealth Design LLC raised its holdings in GlobalFoundries by 216.7% in 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 during the last quarter. Clearstead Advisors LLC raised its holdings in GlobalFoundries by 91.9% in the third quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after buying an additional 387 shares during the last quarter. Covestor Ltd raised its holdings in GlobalFoundries by 57.6% in the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after buying an additional 349 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in GlobalFoundries in the fourth quarter worth about $41,000.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $75.53 on Monday. The company has a 50 day moving average price of $63.93 and a 200-day moving average price of $49.31. GlobalFoundries Inc. has a 52 week low of $31.51 and a 52 week high of $92.55. The firm has a market capitalization of $42.03 billion, a PE ratio of 54.34, a P/E/G ratio of 2.67 and a beta of 1.77. 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 announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the business posted $0.34 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, equities research analysts expect that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.

GlobalFoundries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%.

Wall Street Analysts Forecast Growth

GFS has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted 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. Robert W. Baird set a $100.00 target price on shares of GlobalFoundries in a report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $70.00 target price on shares of GlobalFoundries in a report on Tuesday, May 5th. Needham & Company LLC lifted their target price on shares of GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Susquehanna lifted their target price on shares of GlobalFoundries to $125.00 and gave the stock a “positive” rating in a report on Monday, May 11th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, GlobalFoundries currently has an average rating of “Hold” and a consensus target price of $69.88.

Insider Buying and Selling

In other 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 completion of the sale, the insider directly owned 9,645 shares in the company, valued at $799,377.60. The trade was 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 335 shares of GlobalFoundries stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $80.90, for a total transaction of $27,101.50. Following the completion of the sale, the insider owned 14,824 shares of the company’s stock, valued at $1,199,261.60. This represents a 2.21% 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. Insiders sold 20,170 shares of company stock valued at $1,194,864 over the last quarter.

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.