Perigon Wealth Management LLC Invests $465,000 in GlobalFoundries Inc. $GFS

Perigon Wealth Management LLC acquired a new position in GlobalFoundries Inc. (NASDAQ:GFS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,308 shares of the company’s stock, valued at approximately $465,000.

A number of other hedge funds have also recently made changes to their positions in GFS. Royal Bank of Canada lifted its holdings in shares of GlobalFoundries by 4.4% in the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after acquiring an additional 660 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of GlobalFoundries by 77.6% in the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock worth $3,679,000 after acquiring an additional 44,599 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in GlobalFoundries by 7,120.1% during the 1st quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after buying an additional 12,033 shares during the last quarter. American Century Companies Inc. raised its holdings in GlobalFoundries by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock valued at $1,055,000 after buying an additional 903 shares during the last quarter. Finally, Norges Bank bought a new stake in GlobalFoundries during the 2nd quarter valued at $1,819,000.

GlobalFoundries Stock Up 8.8%

Shares of NASDAQ GFS opened at $47.80 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 12 month low of $30.30 and a 12 month high of $50.98. The firm has a market capitalization of $26.60 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.46. The firm has a fifty day simple moving average of $45.07 and a two-hundred day simple moving average of $39.65.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.47 by $0.08. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business earned $0.46 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. Equities analysts expect that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Insider Buying and Selling

In other GlobalFoundries news, insider Michael James Hogan sold 1,800 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $45.04, for a total value of $81,072.00. Following the completion of the transaction, the insider directly owned 20,945 shares in the company, valued at approximately $943,362.80. This represents a 7.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 4,600 shares of company stock valued at $201,197.

Analyst Ratings Changes

A number of research firms recently commented on GFS. TD Cowen reiterated a “buy” rating on shares of GlobalFoundries in a report on Thursday, February 12th. Weiss Ratings upgraded shares of GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Needham & Company LLC upped their price target on shares of GlobalFoundries from $42.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 12th. The Goldman Sachs Group upped their price target on shares of GlobalFoundries from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, February 11th. Finally, Susquehanna reiterated a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $46.13.

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.