Hsbc Holdings PLC Sells 206,943 Shares of GlobalFoundries Inc. $GFS

Hsbc Holdings PLC decreased its holdings in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 81.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,253 shares of the company’s stock after selling 206,943 shares during the period. Hsbc Holdings PLC’s holdings in GlobalFoundries were worth $1,697,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of GlobalFoundries by 4.4% in the first quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock valued at $575,000 after acquiring an additional 660 shares in the last quarter. AQR Capital Management LLC boosted its position in GlobalFoundries by 77.6% in the first quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock worth $3,679,000 after purchasing an additional 44,599 shares during the last quarter. Jones Financial Companies Lllp grew its stake in GlobalFoundries by 7,120.1% in the 1st quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after purchasing an additional 12,033 shares during the period. American Century Companies Inc. grew its position in GlobalFoundries by 3.4% during the second quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock valued at $1,055,000 after buying an additional 903 shares during the period. Finally, M&T Bank Corp purchased a new stake in shares of GlobalFoundries during the 2nd quarter worth approximately $269,000.

GlobalFoundries Stock Performance

NASDAQ GFS opened at $82.41 on Wednesday. GlobalFoundries Inc. has a 52-week low of $31.51 and a 52-week high of $92.55. The company has a fifty day moving average of $75.99 and a 200-day moving average of $54.78. The company has a market capitalization of $45.22 billion, a P/E ratio of 59.29, a P/E/G ratio of 2.86 and a beta of 1.77. 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 released its earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating 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 analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, equities research analysts predict that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. GlobalFoundries’s dividend payout ratio is 34.53%.

Insider Activity

In other GlobalFoundries news, insider Samak L. Azar sold 500 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $74.82, for a total transaction of $37,410.00. Following the transaction, the insider directly owned 15,494 shares in the company, valued at $1,159,261.08. This trade represents a 3.13% 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 Michael James Hogan sold 2,800 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $82.88, for a total transaction of $232,064.00. Following the transaction, the insider owned 9,645 shares in the company, valued at $799,377.60. The trade was a 22.50% decrease in their ownership of the stock. 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 three months, insiders have sold 23,010 shares of company stock worth $1,569,846.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GFS. Citigroup lifted their target price on shares of GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Loop Capital set a $80.00 target price on shares of GlobalFoundries in a report on Monday, May 4th. Susquehanna raised their price target on GlobalFoundries to $125.00 and gave the stock a “positive” rating in a report on Monday, May 11th. JPMorgan Chase & Co. raised their price target on GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $100.00 price target on GlobalFoundries in a research report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $74.62.

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.