Appleton Partners Inc. MA Purchases Shares of 268,748 GlobalFoundries Inc. $GFS

Appleton Partners Inc. MA acquired a new position in GlobalFoundries Inc. (NASDAQ:GFS) during the first quarter, HoldingsChannel reports. The firm acquired 268,748 shares of the company’s stock, valued at approximately $11,954,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. WealthCollab LLC increased its position in GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after purchasing an additional 614 shares in the last quarter. True Wealth Design LLC raised its holdings in GlobalFoundries by 216.7% in the fourth quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after buying an additional 544 shares during the period. Covestor Ltd lifted its position in GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after buying an additional 349 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in GlobalFoundries during the fourth quarter valued at approximately $35,000. Finally, Strategic Advocates LLC grew its stake in GlobalFoundries by 95.1% during the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock worth $37,000 after buying an additional 500 shares during the period.

GlobalFoundries Price Performance

GFS opened at $69.84 on Monday. The company has a 50-day moving average of $76.76 and a 200-day moving average of $55.49. The company has a market capitalization of $38.32 billion, a P/E ratio of 50.24, a PEG ratio of 2.47 and a beta of 1.76. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $92.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly 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. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities analysts expect that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, June 24th. GlobalFoundries’s dividend payout ratio (DPR) is currently 34.53%.

Insider Transactions at GlobalFoundries

In other news, insider Samak L. Azar sold 500 shares of GlobalFoundries stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $74.82, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $82.88, for a total transaction of $232,064.00. Following the completion of the transaction, the insider owned 9,645 shares in the company, valued at approximately $799,377.60. The trade was a 22.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 22,510 shares of company stock worth $1,548,366.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Susquehanna increased their price objective on shares of GlobalFoundries to $125.00 and gave the stock a “positive” rating in a research report on Monday, May 11th. Morgan Stanley lifted their target price on shares of GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $65.00 price target on shares of GlobalFoundries in a report on Wednesday, May 6th. Wedbush reissued a “neutral” rating and issued a $50.00 price objective on shares of GlobalFoundries in a research report on Monday, May 4th. Finally, Citigroup boosted their price objective on GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $74.62.

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.