Legal & General Group Plc Has $13.45 Million Holdings in GlobalFoundries Inc. $GFS

Legal & General Group Plc grew its position in GlobalFoundries Inc. (NASDAQ:GFS) by 10.1% in the fourth quarter, Holdings Channel reports. The fund owned 385,058 shares of the company’s stock after acquiring an additional 35,378 shares during the quarter. Legal & General Group Plc’s holdings in GlobalFoundries were worth $13,446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WealthCollab LLC raised its position in GlobalFoundries by 674.7% in the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after purchasing an additional 614 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of GlobalFoundries by 216.7% during the fourth quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after purchasing an additional 544 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of GlobalFoundries by 91.9% during the third quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after purchasing an additional 387 shares during the last quarter. Covestor Ltd increased its stake in shares of GlobalFoundries by 57.6% in the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after buying an additional 349 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of GlobalFoundries in the fourth quarter valued at approximately $41,000.

GlobalFoundries Stock Performance

NASDAQ:GFS opened at $84.60 on Wednesday. The company has a market capitalization of $47.07 billion, a PE ratio of 60.86, a P/E/G ratio of 2.82 and a beta of 1.77. The company has a 50 day simple moving average of $60.91 and a two-hundred day simple moving average of $47.92. 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 Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $92.55.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Research analysts anticipate 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 will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%.

Insiders Place Their Bets

In related news, insider Samak L. Azar sold 335 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $80.90, for a total transaction of $27,101.50. Following the sale, the insider owned 14,824 shares in the company, valued at $1,199,261.60. This represents a 2.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $82.88, for a total value of $232,064.00. Following the sale, the insider directly owned 9,645 shares of the company’s stock, valued at $799,377.60. This represents a 22.50% 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 20,170 shares of company stock worth $1,194,864 in the last ninety days.

Analyst Ratings Changes

Several research firms recently commented on GFS. Robert W. Baird set a $100.00 target price on shares of GlobalFoundries in a research report on Wednesday, May 6th. Loop Capital set a $80.00 price target on shares of GlobalFoundries in a research report on Monday, May 4th. TD Cowen reaffirmed a “buy” rating on shares of GlobalFoundries in a research note on Thursday, February 12th. Wedbush reissued a “neutral” rating and issued a $50.00 price objective on shares of GlobalFoundries in a research note on Monday, May 4th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a report on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and an average price target of $69.88.

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.