Lansforsakringar Fondforvaltning AB publ Takes $354,000 Position in GlobalFoundries Inc. $GFS

Lansforsakringar Fondforvaltning AB publ bought a new stake in GlobalFoundries Inc. (NASDAQ:GFS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,957 shares of the company’s stock, valued at approximately $354,000.

Several other institutional investors and hedge funds have also bought and sold shares of GFS. WealthCollab LLC boosted 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 purchasing an additional 614 shares during the last quarter. True Wealth Design LLC increased its position in shares of GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after purchasing an additional 544 shares during the last quarter. Covestor Ltd raised its stake in shares of GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after purchasing an additional 349 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of GlobalFoundries during the 4th quarter worth approximately $35,000. Finally, Strategic Advocates LLC boosted its holdings in shares of GlobalFoundries by 95.1% in the 4th quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock valued at $37,000 after buying an additional 500 shares during the last quarter.

Insider Activity

In related news, Director Glenda Dorchak sold 4,000 shares of GlobalFoundries stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $58.46, for a total transaction of $233,840.00. Following the completion of the sale, the director owned 18,867 shares of the company’s stock, valued at approximately $1,102,964.82. The trade was a 17.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 500 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $74.82, for a total transaction of $37,410.00. Following the completion of the transaction, the insider owned 15,494 shares in the company, valued at approximately $1,159,261.08. This trade represents a 3.13% 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. Insiders have sold 22,510 shares of company stock valued at $1,548,366 over the last ninety days.

Wall Street Analysts Forecast Growth

GFS has been the subject of several analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 target price on shares of GlobalFoundries in a research note on Tuesday, May 5th. UBS Group upped their price target on shares of GlobalFoundries from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Morgan Stanley increased their price target on shares of GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Arete Research set a $95.00 price objective on shares of GlobalFoundries in a research report on Wednesday, June 10th. Finally, Cantor Fitzgerald upgraded shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $50.00 to $80.00 in a research note on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.62.

GlobalFoundries Stock Performance

GFS opened at $69.84 on Friday. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month high of $92.55. The business has a 50 day moving average of $76.76 and a 200-day moving average of $55.36. The stock has a market cap of $38.32 billion, a price-to-earnings ratio of 50.24, a PEG ratio of 2.47 and a beta of 1.76.

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

GlobalFoundries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, June 24th. GlobalFoundries’s payout ratio is currently 34.53%.

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.