Wellington Management Group LLP Sells 313,964 Shares of GlobalFoundries Inc. $GFS

Wellington Management Group LLP lowered its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 48.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,221 shares of the company’s stock after selling 313,964 shares during the quarter. Wellington Management Group LLP owned about 0.06% of GlobalFoundries worth $27,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of GlobalFoundries by 7.9% during the third quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock valued at $106,172,000 after buying an additional 217,866 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of GlobalFoundries by 9.9% during the 4th quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after acquiring an additional 257,254 shares in the last quarter. Bessemer Group Inc. lifted its position in GlobalFoundries by 8,275,141.2% during the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after acquiring an additional 2,813,548 shares during the last quarter. Marshall Wace LLP boosted its stake in GlobalFoundries by 126.0% in the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock valued at $83,180,000 after acquiring an additional 1,328,129 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in GlobalFoundries by 55.4% in the fourth quarter. Squarepoint Ops LLC now owns 2,021,035 shares of the company’s stock valued at $70,575,000 after acquiring an additional 720,846 shares in the last quarter.

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries news, Director Glenda Dorchak sold 4,000 shares of GlobalFoundries stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $58.22, for a total transaction of $232,880.00. Following the completion of the sale, the director directly owned 14,867 shares in the company, valued at approximately $865,556.74. The trade was a 21.20% decrease in their position. The sale was disclosed in a legal 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 Pradheepa Raman sold 6,760 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $51.12, for a total transaction of $345,571.20. 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 90 days, insiders have sold 22,745 shares of company stock valued at $1,433,835.

GlobalFoundries Price Performance

NASDAQ GFS opened at $45.21 on Friday. The company has a market cap of $24.81 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.43 and a beta of 1.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. The stock’s fifty day moving average price is $55.52 and its 200 day moving average price is $59.35. GlobalFoundries Inc. has a 1 year low of $31.59 and a 1 year high of $92.55.

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

GlobalFoundries Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. GlobalFoundries’s dividend payout ratio (DPR) is currently 37.50%.

Analyst Upgrades and Downgrades

GFS has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed a “negative” rating and set a $60.00 price target on shares of GlobalFoundries in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on GlobalFoundries in a research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a research note on Wednesday, August 26th. Zacks Research downgraded GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Robert W. Baird set a $140.00 price target on GlobalFoundries in a research note on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.32.

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.