GlobalFoundries Inc. $GFS Shares Bought by Sei Investments Co.

Key Points

• Sei Investments Co. increased its GlobalFoundries stake by 239% in the first quarter, adding 34,014 shares and bringing its holdings to 48,246 shares valued at approximately $2.15 million.
• GlobalFoundries exceeded quarterly expectations, reporting $0.46 in EPS versus the $0.43 consensus and $1.79 billion in revenue, up 5.8% year over year. The company issued third-quarter 2026 EPS guidance of $0.46–$0.56.
• The company declared a quarterly dividend of $0.12, equivalent to a 0.9% annualized yield, while analysts maintained a consensus “Hold” rating with a $75.12 price target.

Sei Investments Co. raised its position in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 239.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,246 shares of the company's stock after purchasing an additional 34,014 shares during the quarter. Sei Investments Co.'s holdings in GlobalFoundries were worth $2,146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Wyoming increased its position in GlobalFoundries by 143.4% during the 1st quarter. State of Wyoming now owns 8,097 shares of the company's stock worth $360,000 after purchasing an additional 4,770 shares in the last quarter. Monashee Investment Management LLC purchased a new stake in GlobalFoundries during the first quarter worth approximately $2,224,000. First Trust Advisors LP grew its stake in GlobalFoundries by 97.4% during the first quarter. First Trust Advisors LP now owns 264,837 shares of the company's stock worth $11,780,000 after buying an additional 130,643 shares during the period. PNC Financial Services Group Inc. increased its position in shares of GlobalFoundries by 8.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company's stock worth $87,000 after acquiring an additional 154 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of GlobalFoundries by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company's stock worth $59,571,000 after acquiring an additional 31,590 shares in the last quarter.

GlobalFoundries Stock Performance

GlobalFoundries stock opened at $53.93 on Monday. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. The company has a market capitalization of $29.59 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 1.56 and a beta of 1.80. The firm's fifty day moving average price is $69.11 and its 200 day moving average price is $58.94.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the prior year, the company posted $0.42 EPS. The firm'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, research analysts forecast that GlobalFoundries Inc. will post 1.39 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries's dividend payout ratio is presently 37.50%.

Insider Activity

In other news, insider Michael James Hogan sold 2,800 shares of the firm's 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 completion of the sale, the insider owned 9,645 shares of the company's stock, valued at approximately $799,377.60. This trade represents a 22.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 500 shares of GlobalFoundries stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $74.82, for a total transaction of $37,410.00. Following the completion of the sale, the insider owned 15,494 shares of the company's stock, valued at approximately $1,159,261.08. This trade represents a 3.13% 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 three months, insiders sold 18,950 shares of company stock worth $1,375,905.

Analysts Set New Price Targets

A number of brokerages have recently commented on GFS. Weiss Ratings reissued a "hold (c)" rating on shares of GlobalFoundries in a research note on Friday, May 29th. Wedbush reaffirmed a "neutral" rating and set a $50.00 price target on shares of GlobalFoundries in a research report on Monday, May 4th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $70.00 price target on shares of GlobalFoundries in a report on Tuesday, May 5th. Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a research report on Wednesday. Finally, Evercore restated an "outperform" rating and set a $85.00 price objective on shares of GlobalFoundries in a research note on Tuesday, May 19th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, GlobalFoundries currently has a consensus rating of "Hold" and a consensus price target of $75.12.

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.

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