12,000 Shares in GlobalFoundries Inc. $GFS Bought by HBK Investments L P

HBK Investments L P purchased a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,000 shares of the company’s stock, valued at approximately $989,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GFS. Sequoia Financial Advisors LLC acquired a new stake in shares of GlobalFoundries during the 2nd quarter valued at about $404,000. WINTON GROUP Ltd acquired a new position in GlobalFoundries in the second quarter worth about $363,000. NewEdge Advisors LLC lifted its stake in GlobalFoundries by 3,658.5% during the second quarter. NewEdge Advisors LLC now owns 4,886 shares of the company’s stock worth $403,000 after purchasing an additional 4,756 shares during the period. Waverly Advisors LLC bought a new position in GlobalFoundries during the second quarter worth about $222,000. Finally, Carmignac Gestion bought a new position in GlobalFoundries during the second quarter worth about $471,000.

GlobalFoundries Price Performance

Shares of GFS stock traded up $0.28 during trading hours on Wednesday, reaching $43.03. 2,752,478 shares of the company were exchanged, compared to its average volume of 4,259,956. GlobalFoundries Inc. has a fifty-two week low of $31.91 and a fifty-two week high of $92.55. The stock’s fifty day moving average is $51.52 and its two-hundred day moving average is $59.33. The company has a market cap of $23.61 billion, a price-to-earnings ratio of 33.62, a P/E/G ratio of 1.38 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 for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business posted $0.42 earnings per share. GlobalFoundries’s revenue for the quarter was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Sell-side analysts forecast that GlobalFoundries Inc. will post 1.48 earnings per share for the current fiscal year.

GlobalFoundries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s dividend payout ratio (DPR) is 37.50%.

Insider Transactions at GlobalFoundries

In other news, insider Samak Azar sold 335 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $77.36, for a total transaction of $25,915.60. Following the completion of the sale, the insider owned 13,149 shares in the company, valued at $1,017,206.64. The trade was a 2.48% decrease in their ownership of the stock. The transaction 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 Michael Hogan sold 500 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $70.90, for a total value of $35,450.00. Following the transaction, the insider directly owned 795 shares in the company, valued at $56,365.50. This trade represents a 38.61% decrease in their position. 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 sold a total of 19,945 shares of company stock valued at $1,212,582 over the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GFS shares. Stifel Nicolaus started coverage on GlobalFoundries in a report on Tuesday, September 1st. They issued a “buy” rating and a $60.00 target price for the company. Zacks Research lowered shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Arete Research set a $95.00 target price on shares of GlobalFoundries in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on GlobalFoundries in a report on Monday, August 10th. Finally, Morgan Stanley restated a “negative” rating and set a $60.00 price target on shares of GlobalFoundries in a research report on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, GlobalFoundries has a consensus rating of “Hold” and a consensus price target of $74.32.

GlobalFoundries Company Profile

GlobalFoundries Inc (NASDAQ:GFS) is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.

The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.