GlobalFoundries Inc. $GFS Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 18.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,353 shares of the company’s stock after buying an additional 25,669 shares during the period. Handelsbanken Fonder AB’s holdings in GlobalFoundries were worth $5,669,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rafferty Asset Management LLC lifted its position in GlobalFoundries by 18.4% during the third quarter. Rafferty Asset Management LLC now owns 372,122 shares of the company’s stock valued at $13,337,000 after buying an additional 57,774 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in GlobalFoundries during the third quarter valued at approximately $3,308,000. First Trust Advisors LP lifted its position in GlobalFoundries by 15.2% during the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock valued at $95,315,000 after buying an additional 350,743 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new position in GlobalFoundries during the third quarter valued at approximately $4,769,000. Finally, NEOS Investment Management LLC lifted its position in GlobalFoundries by 81.4% during the third quarter. NEOS Investment Management LLC now owns 184,765 shares of the company’s stock valued at $6,622,000 after buying an additional 82,890 shares in the last quarter.

Wall Street Analysts Forecast Growth

GFS has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $65.00 price target on shares of GlobalFoundries in a research report on Wednesday, May 6th. Dbs Bank cut shares of GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 13th. Wedbush reissued a “neutral” rating and set a $50.00 target price on shares of GlobalFoundries in a research report on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Robert W. Baird set a $100.00 target price on shares of GlobalFoundries in a research report on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $69.88.

GlobalFoundries Trading Up 5.3%

NASDAQ GFS opened at $85.64 on Friday. The company’s fifty day simple moving average is $56.09 and its 200-day simple moving average is $45.81. GlobalFoundries Inc. has a 52 week low of $31.51 and a 52 week high of $89.90. 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 $47.65 billion, a P/E ratio of 61.61, a PEG ratio of 2.87 and a beta of 1.71.

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

GlobalFoundries Dividend Announcement

The business also recently declared 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 of this dividend is Wednesday, June 24th. This represents a $0.48 annualized dividend and a yield of 0.6%.

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries news, Director Glenda Dorchak sold 4,000 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $58.46, for a total transaction of $233,840.00. Following the transaction, the director directly owned 18,867 shares in the company, valued at $1,102,964.82. This represents a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,300 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $60.69, for a total transaction of $139,587.00. Following the transaction, the insider directly owned 16,045 shares of the company’s stock, valued at approximately $973,771.05. This represents a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,700 shares of company stock worth $909,572 in the last ninety days.

Key Headlines Impacting GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries launched Quantum Technology Solutions, a new business aimed at manufacturing key quantum hardware components such as cryogenic control/readout ICs, advanced packaging, and superconducting interconnects, which could open a new growth avenue for the company. GlobalFoundries launches Quantum Technology Solutions to scale U.S. quantum manufacturing
• Positive Sentiment: The company disclosed a proposed $375 million U.S. Commerce Department award and a separate arrangement for the government to take about a 1% equity stake, which investors appear to view as a major validation of GlobalFoundries’ strategic role in domestic semiconductor and quantum supply chains. New semiconductor advances announced at GlobalFoundries
• Positive Sentiment: GlobalFoundries is also being linked to broader momentum in quantum-focused CHIPS funding, with articles noting that the stock jumped after the funding and venture partnership news, helping sentiment across the name. GLOBALFOUNDRIES (GFS) Is Up 10.2% After New Quantum-Focused CHIPS Funding and VC Partnership
• Positive Sentiment: Separately, GlobalFoundries announced work on co-packaged optics for AI data centers, which could support long-term demand tied to AI infrastructure growth. GlobalFoundries: Accelerating introduction of co-packaged optics for modern AI data centers with SCALE optical module solution
• Neutral Sentiment: Coverage also highlighted that the stock reached a 52-week high, reflecting strong recent momentum, though this is more a sign of investor enthusiasm than a new fundamental development. GlobalFoundries stock hits 52-week high – here’s why

GlobalFoundries Company 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.