Pacer Advisors Inc. Has $102,000 Stock Holdings in GlobalFoundries Inc. $GFS

Key Points

• Pacer Advisors slashed its GlobalFoundries stake by 99.9% in the first quarter, selling 1.56 million shares and retaining 2,287 shares worth approximately $102,000. Several other institutional investors, including Bessemer Group, AQR Capital Management, Marshall Wace and UBS, increased their positions.
• GlobalFoundries reported quarterly EPS of $0.46, beating estimates of $0.43, while revenue rose 5.8% year over year to $1.79 billion. Analysts maintain a consensus “Hold” rating with an average price target of $75.11.
• The company declared a quarterly dividend of $0.12 per share, equivalent to an annualized $0.48 dividend and a 0.9% yield. Insiders sold 18,785 shares worth about $1.35 million over the past three months.

Pacer Advisors Inc. reduced its holdings in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 99.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,287 shares of the company's stock after selling 1,555,570 shares during the quarter. Pacer Advisors Inc.'s holdings in GlobalFoundries were worth $102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in shares of GlobalFoundries by 8,275,141.2% in the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company's stock valued at $125,147,000 after buying an additional 2,813,548 shares during the period. HRT Financial LP acquired a new position in shares of GlobalFoundries during the fourth quarter valued at $62,996,000. AQR Capital Management LLC boosted its holdings in GlobalFoundries by 168.2% in the third quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company's stock valued at $93,463,000 after acquiring an additional 1,635,338 shares during the last quarter. Marshall Wace LLP boosted its holdings in GlobalFoundries by 126.0% in the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company's stock valued at $83,180,000 after acquiring an additional 1,328,129 shares during the last quarter. Finally, UBS Group AG increased its position in GlobalFoundries by 136.7% in the fourth quarter. UBS Group AG now owns 1,809,232 shares of the company's stock worth $63,178,000 after purchasing an additional 1,044,755 shares during the period.

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries 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 directly owned 9,645 shares in the company, valued at $799,377.60. This trade represents a 22.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the business's stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $58.22, for a total value of $232,880.00. Following the sale, the director owned 14,867 shares of the company's stock, valued at approximately $865,556.74. This represents a 21.20% 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. Insiders have sold a total of 18,785 shares of company stock valued at $1,354,672 in the last three months.

Analyst Upgrades and Downgrades

Several analysts have commented on GFS shares. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of GlobalFoundries in a research report on Monday. The Goldman Sachs Group restated a "neutral" rating and issued a $70.00 price target on shares of GlobalFoundries in a research report on Tuesday, May 5th. Zacks Research cut GlobalFoundries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their target price on GlobalFoundries from $45.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have 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 price target of $75.11.

GlobalFoundries Stock Up 4.6%

NASDAQ:GFS opened at $53.18 on Thursday. The stock has a 50-day simple moving average of $67.18 and a 200 day simple moving average of $59.08. GlobalFoundries Inc. has a 52-week low of $31.59 and a 52-week high of $92.55. The company has a market cap of $29.18 billion, a PE ratio of 41.55, a PEG ratio of 1.45 and a beta of 1.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. GlobalFoundries's revenue 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, sell-side analysts expect that GlobalFoundries Inc. will post 1.41 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

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