Delta Global Management LP Takes Position in GlobalFoundries Inc. $GFS

Delta Global Management LP acquired a new position in GlobalFoundries Inc. (NASDAQ:GFS) during the first quarter, HoldingsChannel.com reports. The fund acquired 391,855 shares of the company’s stock, valued at approximately $17,430,000. GlobalFoundries makes up about 1.4% of Delta Global Management LP’s holdings, making the stock its 24th biggest holding.

Other large investors have also recently modified their holdings of the company. WealthCollab LLC lifted its position in GlobalFoundries by 674.7% during 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. Covestor Ltd grew 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 purchasing an additional 349 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of GlobalFoundries during the fourth quarter worth $35,000. Strategic Advocates LLC increased its position in shares of GlobalFoundries by 95.1% during the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock worth $37,000 after purchasing an additional 500 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after purchasing an additional 237 shares during the last quarter.

Insider Activity

In other news, insider Samak L. Azar sold 335 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $77.36, for a total value of $25,915.60. Following the transaction, the insider directly owned 13,149 shares of the company’s stock, valued at approximately $1,017,206.64. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 500 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $70.90, for a total value of $35,450.00. Following the completion of the transaction, the insider owned 795 shares of the company’s stock, valued at approximately $56,365.50. The trade was a 38.61% 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 quarter, insiders have sold 18,080 shares of company stock worth $1,349,680.

GlobalFoundries Trading Down 5.9%

NASDAQ GFS opened at $53.53 on Friday. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month high of $92.55. The company has a fifty day simple moving average of $74.80 and a two-hundred day simple moving average of $58.08. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. The stock has a market cap of $29.37 billion, a P/E ratio of 38.51, a P/E/G ratio of 1.89 and a beta of 1.76.

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

GlobalFoundries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, June 24th. GlobalFoundries’s payout ratio is presently 34.53%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GFS shares. Jefferies Financial Group reissued a “hold” rating and issued a $65.00 price objective on shares of GlobalFoundries in a research report on Wednesday, May 6th. Robert W. Baird set a $100.00 target price on GlobalFoundries in a research report on Wednesday, May 6th. Citigroup increased their price target on GlobalFoundries from $49.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Evercore reissued an “outperform” rating and issued a $85.00 price target on shares of GlobalFoundries in a report on Tuesday, May 19th. Finally, 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 note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.62.

About GlobalFoundries

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.