ProShare Advisors LLC Cuts Stock Holdings in GlobalFoundries Inc. $GFS

ProShare Advisors LLC lowered its position in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 97.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,406 shares of the company’s stock after selling 597,496 shares during the quarter. ProShare Advisors LLC’s holdings in GlobalFoundries were worth $468,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC increased its position in shares of GlobalFoundries by 8.1% during the fourth quarter. HighTower Advisors LLC now owns 26,030 shares of the company’s stock worth $909,000 after purchasing an additional 1,944 shares in the last quarter. Gabelli Funds LLC increased its position in shares of GlobalFoundries by 4.1% during the fourth quarter. Gabelli Funds LLC now owns 29,523 shares of the company’s stock worth $1,031,000 after purchasing an additional 1,150 shares in the last quarter. Denali Advisors LLC increased its position in shares of GlobalFoundries by 22.8% during the fourth quarter. Denali Advisors LLC now owns 17,227 shares of the company’s stock worth $602,000 after purchasing an additional 3,200 shares in the last quarter. Ethic Inc. increased its position in shares of GlobalFoundries by 8.7% during the fourth quarter. Ethic Inc. now owns 23,707 shares of the company’s stock worth $828,000 after purchasing an additional 1,893 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of GlobalFoundries during the fourth quarter worth approximately $41,000.

Insider Activity at GlobalFoundries

In related news, Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $58.46, for a total value of $233,840.00. Following the transaction, the director directly owned 18,867 shares in the company, valued at approximately $1,102,964.82. This represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $59.66, for a total value of $29,830.00. Following the completion of the transaction, the insider owned 16,994 shares in the company, valued at $1,013,862.04. This represents a 2.86% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 19,835 shares of company stock worth $1,167,763.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GFS shares. Dbs Bank cut GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 13th. Needham & Company LLC boosted their price target on GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. UBS Group boosted their price target on GlobalFoundries from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Zacks Research upgraded GlobalFoundries from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $70.00 target price on shares of GlobalFoundries in a report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, GlobalFoundries has an average rating of “Hold” and an average target price of $69.88.

GlobalFoundries Trading Down 0.8%

Shares of GlobalFoundries stock opened at $79.97 on Friday. The stock has a market cap of $44.50 billion, a P/E ratio of 57.53, a P/E/G ratio of 2.85 and a beta of 1.71. The stock’s 50 day simple moving average is $60.18 and its 200-day simple moving average is $47.51. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Analysts predict that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

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

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.