12,000 Shares in GlobalFoundries Inc. $GFS Acquired by HBK Investments L P

HBK Investments L P acquired a new stake in GlobalFoundries Inc. (NASDAQ:GFS) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,000 shares of the company’s stock, valued at approximately $989,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new stake in GlobalFoundries during the 2nd quarter worth $404,000. WINTON GROUP Ltd acquired a new position in shares of GlobalFoundries in the 2nd quarter valued at $363,000. NewEdge Advisors LLC lifted its stake in shares of GlobalFoundries by 3,658.5% in the 2nd quarter. NewEdge Advisors LLC now owns 4,886 shares of the company’s stock valued at $403,000 after purchasing an additional 4,756 shares during the period. Waverly Advisors LLC bought a new position in shares of GlobalFoundries in the 2nd quarter worth $222,000. Finally, Carmignac Gestion bought a new position in shares of GlobalFoundries in the 2nd quarter worth $471,000.

Insider Activity at GlobalFoundries

In other news, insider Samak Azar sold 335 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $77.36, for a total transaction of $25,915.60. Following the completion of the sale, the insider owned 13,149 shares of the company’s stock, valued at $1,017,206.64. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 6,760 shares of the firm’s 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. Insiders have sold 19,945 shares of company stock worth $1,212,582 over the last ninety days.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on GlobalFoundries in a report on Monday, August 10th. UBS Group reduced their target price 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 report on Thursday, August 6th. TD Cowen lowered their price target on GlobalFoundries from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Arete Research set a $95.00 price target on shares of GlobalFoundries in a research report on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, GlobalFoundries presently has a consensus rating of “Hold” and a consensus target price of $74.32.

GlobalFoundries Trading Up 0.7%

Shares of GFS traded up $0.28 during trading hours on Wednesday, reaching $43.03. The stock had a trading volume of 2,752,478 shares, compared to its average volume of 4,259,956. The company has a market cap of $23.61 billion, a P/E ratio of 33.62, a P/E/G ratio of 1.38 and a beta of 1.78. GlobalFoundries Inc. has a 52 week low of $31.91 and a 52 week high of $92.55. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $51.52 and a 200 day moving average of $59.33.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The company’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, sell-side analysts expect that GlobalFoundries Inc. will post 1.48 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be paid a $0.12 dividend. 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 payout ratio is presently 37.50%.

GlobalFoundries Company Profile

GlobalFoundries Inc (NASDAQ:GFS) is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.

The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.