Bank of New York Mellon Corp Increases Position in GlobalFoundries Inc. $GFS

Key Points

• Bank of New York Mellon increased its GlobalFoundries position by 39.3% in the first quarter, bringing its holdings to 193,957 shares valued at approximately $8.6 million. Other institutional investors also expanded or initiated positions.
• Analysts have raised several price targets, but sentiment remains mixed: GlobalFoundries has a consensus “Hold” rating and an average target price of $74.62. Insiders sold 19,950 shares worth about $1.45 million during the quarter under pre-arranged trading plans.
• GlobalFoundries reported quarterly EPS of $0.40, beating estimates of $0.35, while revenue rose 3.1% year over year to $1.63 billion. The company also announced a $0.12 quarterly dividend and is pursuing a potential $300 million CHIPS Act R&D award to advance U.S. silicon-photonics production.

Bank of New York Mellon Corp increased its holdings in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 39.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 193,957 shares of the company's stock after acquiring an additional 54,747 shares during the quarter. Bank of New York Mellon Corp's holdings in GlobalFoundries were worth $8,627,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GFS. WealthCollab LLC boosted its stake in shares of GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company's stock valued at $25,000 after buying an additional 614 shares during the last quarter. Covestor Ltd grew its position in shares of GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company's stock worth $33,000 after buying an additional 349 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of GlobalFoundries in the fourth quarter worth $35,000. Strategic Advocates LLC increased its stake in shares of GlobalFoundries by 95.1% in 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 last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in GlobalFoundries in the fourth quarter valued at $41,000.

Insider Transactions at GlobalFoundries

In related news, insider Samak L. Azar sold 500 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $74.82, for a total value of $37,410.00. Following the sale, the insider owned 15,494 shares of the company's stock, valued at $1,159,261.08. This trade represents a 3.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 GlobalFoundries stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $75.17, for a total transaction of $210,476.00. Following the completion of the sale, the insider owned 6,695 shares in the company, valued at approximately $503,263.15. This represents a 29.49% 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. Over the last quarter, insiders sold 19,950 shares of company stock worth $1,447,000.

Analyst Ratings Changes

Several research analysts have weighed in on GFS shares. UBS Group raised their price objective on shares of GlobalFoundries from $65.00 to $77.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their target price on shares of GlobalFoundries from $45.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Loop Capital set a $80.00 price target on shares of GlobalFoundries in a research report on Monday, May 4th. Needham & Company LLC lifted their price target on GlobalFoundries from $55.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $65.00 price objective on shares of GlobalFoundries in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $74.62.

More GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries signed a letter of intent to receive a $300 million CHIPS Act R&D award from the U.S. Department of Commerce. The funding is intended to accelerate U.S. leadership in silicon photonics, an important technology for artificial-intelligence and high-performance-computing data centers. The award strengthens GFS’s strategic position, supports domestic semiconductor capabilities and could improve long-term growth prospects. GlobalFoundries silicon photonics CHIPS award
• Positive Sentiment: Analyst commentary said the government agreement reinforces the investment case for expanding U.S. chip manufacturing and research. However, the market may already have reflected some of the benefit in GFS’s valuation. Wedbush analysis of GlobalFoundries government deal
• Neutral Sentiment: GlobalFoundries is scheduled to report second-quarter 2026 results before the market opens on August 5. Analysts are focused on whether revenue growth can lift earnings; the company has exceeded consensus EPS estimates in each of the past four quarters, providing a favorable earnings track record but also raising expectations. GlobalFoundries second-quarter earnings preview
• Neutral Sentiment: Director Samak L. Azar sold 335 shares for approximately $16,392 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was relatively small and planned in advance, it is a limited signal about management’s view of the stock, though it may add modest selling pressure. GlobalFoundries insider transaction filing

GlobalFoundries Price Performance

Shares of GlobalFoundries stock opened at $49.99 on Monday. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. The business's 50 day simple moving average is $72.34 and its 200-day simple moving average is $58.59. The stock has a market capitalization of $27.43 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 1.77 and a beta of 1.80. GlobalFoundries Inc. has a twelve month low of $31.51 and a twelve month high of $92.55.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share (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 during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities research analysts forecast that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.

GlobalFoundries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, June 24th. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. GlobalFoundries's dividend payout ratio is currently 34.53%.

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.

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