111 Capital Acquires Shares of 8,283 GlobalFoundries Inc. $GFS

111 Capital purchased a new position in shares of GlobalFoundries Inc. (NASDAQ:GFS) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 8,283 shares of the company’s stock, valued at approximately $289,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Profund Advisors LLC grew its stake in shares of GlobalFoundries by 0.7% during the 3rd quarter. Profund Advisors LLC now owns 45,349 shares of the company’s stock worth $1,625,000 after acquiring an additional 299 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of GlobalFoundries by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock worth $372,000 after acquiring an additional 324 shares during the period. California State Teachers Retirement System grew its stake in shares of GlobalFoundries by 5.7% during the 2nd quarter. California State Teachers Retirement System now owns 6,480 shares of the company’s stock worth $248,000 after acquiring an additional 347 shares during the period. Covestor Ltd grew 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 acquiring an additional 349 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in shares of GlobalFoundries by 1.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 33,242 shares of the company’s stock worth $1,191,000 after acquiring an additional 370 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GFS shares. Robert W. Baird set a $100.00 price target on GlobalFoundries in a research note on Wednesday, May 6th. Citigroup increased their price target on GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. UBS Group increased their price target on GlobalFoundries from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Dbs Bank downgraded GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Evercore reiterated an “outperform” rating and set a $85.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 19th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, GlobalFoundries has a consensus rating of “Hold” and an average price target of $69.88.

GlobalFoundries Stock Performance

NASDAQ:GFS opened at $75.53 on Monday. The business’s 50-day moving average price is $63.93 and its two-hundred day moving average price is $49.31. GlobalFoundries Inc. has a twelve month low of $31.51 and a twelve month high of $92.55. The stock has a market cap of $42.03 billion, a P/E ratio of 54.34, a PEG ratio of 2.67 and a beta of 1.77. 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 (NASDAQ:GFS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’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. As a group, equities analysts predict that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

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

Insider Activity

In other GlobalFoundries news, insider Samak L. Azar sold 335 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $80.90, for a total value of $27,101.50. Following the sale, the insider owned 14,824 shares of the company’s stock, valued at $1,199,261.60. This trade represents a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,800 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $82.88, for a total value of $232,064.00. Following the completion of the sale, the insider directly owned 9,645 shares in the company, valued at approximately $799,377.60. The trade was a 22.50% 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. In the last ninety days, insiders sold 20,170 shares of company stock worth $1,194,864.

About GlobalFoundries

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.