Janus Henderson Group PLC Purchases New Holdings in GlobalFoundries Inc. $GFS

Key Points

• Janus Henderson initiated a GlobalFoundries position, purchasing 24,906 shares worth approximately $1.1 million in the first quarter. Several other institutional investors also increased their holdings.
• GlobalFoundries recently beat quarterly expectations, reporting $0.46 in EPS versus $0.43 expected and $1.79 billion in revenue, up 5.8% year over year. The company guided for third-quarter EPS of $0.46–$0.56.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $75.11, while shares opened at $50.05 after a reported 7.2% decline. The company also announced a quarterly dividend of $0.12 per share, yielding about 1.0% annually.

Janus Henderson Group PLC bought a new stake in shares of GlobalFoundries Inc. (NASDAQ:GFS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 24,906 shares of the company's stock, valued at approximately $1,108,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GFS. WealthCollab LLC increased its stake in GlobalFoundries by 674.7% in the fourth quarter. WealthCollab LLC now owns 705 shares of the company's stock worth $25,000 after purchasing an additional 614 shares during the period. Covestor Ltd boosted its stake in shares of GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company's stock valued at $33,000 after purchasing an additional 349 shares during the period. Atlas Capital Advisors Inc. bought a new position in shares of GlobalFoundries in the fourth quarter worth about $35,000. Strategic Advocates LLC grew its holdings 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 purchasing an additional 500 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company's stock worth $37,000 after buying an additional 237 shares during the period.

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries news, Director Glenda Dorchak sold 4,000 shares of GlobalFoundries stock in a transaction on Monday, July 20th. The shares were sold at an average price of $58.22, for a total value of $232,880.00. Following the transaction, the director directly owned 14,867 shares of the company's stock, valued at approximately $865,556.74. The trade was a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 500 shares of the company's stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $70.90, for a total value of $35,450.00. Following the transaction, the insider directly owned 795 shares in the company, valued at approximately $56,365.50. The trade was a 38.61% 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. Insiders sold a total of 19,285 shares of company stock worth $1,392,082 over the last three months.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GFS. Evercore restated an "outperform" rating and issued a $85.00 target price on shares of GlobalFoundries in a research note on Tuesday, May 19th. Loop Capital set a $80.00 price target on GlobalFoundries in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on GlobalFoundries in a research note on Monday. Wedbush reaffirmed a "neutral" rating and set a $50.00 target price on shares of GlobalFoundries in a research report on Monday, May 4th. Finally, UBS Group lowered their target price on GlobalFoundries from $61.00 to $55.00 and set a "neutral" rating for the company in a report on Thursday. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $75.11.

GlobalFoundries Trading Down 7.2%

Shares of NASDAQ GFS opened at $50.05 on Tuesday. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $92.55. The business has a fifty day moving average price of $68.51 and a 200 day moving average price of $58.98. The stock has a market capitalization of $27.46 billion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 1.56 and a beta of 1.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The firm's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Equities research analysts expect that GlobalFoundries Inc. will post 1.39 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. GlobalFoundries's dividend payout ratio is presently 37.50%.

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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