Pacer Advisors Inc. Sells 1,555,570 Shares of GlobalFoundries Inc. $GFS

Pacer Advisors Inc. lowered its stake in GlobalFoundries Inc. (NASDAQ:GFS) by 99.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,287 shares of the company’s stock after selling 1,555,570 shares during the period. Pacer Advisors Inc.’s holdings in GlobalFoundries were worth $102,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC raised 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 worth $37,000 after buying an additional 237 shares in the last quarter. Boothe Investment Group Inc. raised its holdings in GlobalFoundries by 1.4% in the 1st quarter. Boothe Investment Group Inc. now owns 77,458 shares of the company’s stock valued at $3,445,000 after buying an additional 1,092 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of GlobalFoundries during the first quarter valued at $68,000. Bank of America Corp DE lifted its holdings in GlobalFoundries by 106.1% during the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after buying an additional 450,722 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in shares of GlobalFoundries in the first quarter worth approximately $1,108,000.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group cut their price target on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Citigroup boosted their price target on shares of GlobalFoundries from $49.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price objective on GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 price target on shares of GlobalFoundries in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price objective on GlobalFoundries in a research note on Monday. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $75.11.

GlobalFoundries Trading Up 4.6%

NASDAQ:GFS opened at $53.18 on Thursday. GlobalFoundries Inc. has a 52 week low of $31.59 and a 52 week high of $92.55. The firm has a 50-day moving average price of $67.18 and a two-hundred day moving average price of $59.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The firm has a market cap of $29.18 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 1.45 and a beta of 1.80.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, equities analysts expect that GlobalFoundries Inc. will post 1.41 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a yield of 0.9%. GlobalFoundries’s payout ratio is currently 37.50%.

Insider Buying and Selling at GlobalFoundries

In other news, insider Samak L. Azar sold 335 shares of GlobalFoundries 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 sale, the insider directly owned 13,149 shares in the company, valued at $1,017,206.64. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,800 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $82.88, for a total transaction of $232,064.00. Following the completion of the transaction, the insider directly owned 9,645 shares in the company, valued at $799,377.60. This trade represents a 22.50% 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 18,785 shares of company stock worth $1,354,672 in 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.