Handelsbanken Fonder AB Decreases Holdings in GlobalFoundries Inc. $GFS

Handelsbanken Fonder AB decreased its position in GlobalFoundries Inc. (NASDAQ:GFS) by 82.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,827 shares of the company’s stock after selling 134,829 shares during the quarter. Handelsbanken Fonder AB’s holdings in GlobalFoundries were worth $2,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of GFS. WealthCollab LLC grew 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. FNY Investment Advisers LLC bought a new stake in shares of GlobalFoundries in the 2nd quarter worth approximately $60,000. Parallel Advisors LLC boosted its stake in shares of GlobalFoundries by 39.8% in 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 in the last quarter. Covestor Ltd boosted its stake in shares of GlobalFoundries by 57.6% in the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after purchasing an additional 349 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in shares of GlobalFoundries during the 4th quarter valued at $35,000.

Insiders Place Their Bets

In other news, insider Michael James Hogan sold 2,800 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $799,377.60. This trade represents a 22.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of GlobalFoundries stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $58.22, for a total transaction of $232,880.00. Following the sale, the director directly owned 14,867 shares in the company, valued at $865,556.74. The trade was a 21.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 18,785 shares of company stock worth $1,354,672.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup lifted their target price on shares of GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Loop Capital set a $80.00 price objective on GlobalFoundries in a research note on Monday, May 4th. UBS Group decreased their price objective on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Robert W. Baird set a $140.00 target price on GlobalFoundries in a research note on Thursday, August 6th. Finally, Cantor Fitzgerald upgraded GlobalFoundries from a “neutral” rating to an “overweight” rating and increased their target price for the company from $50.00 to $80.00 in a report on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.11.

GlobalFoundries Price Performance

Shares of GFS stock opened at $54.58 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. GlobalFoundries Inc. has a fifty-two week low of $31.59 and a fifty-two week high of $92.55. The firm has a market cap of $29.95 billion, a P/E ratio of 42.64, a P/E/G ratio of 1.37 and a beta of 1.80. The business’s 50 day moving average price is $66.12 and its 200-day moving average price is $59.22.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, equities research analysts anticipate that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

GlobalFoundries Dividend Announcement

The business 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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s payout ratio is presently 37.50%.

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.