Bessemer Group Inc. Has $125.15 Million Stake in GlobalFoundries Inc. $GFS

Bessemer Group Inc. increased its stake in GlobalFoundries Inc. (NASDAQ:GFS) by 8,275,141.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,813,582 shares of the company’s stock after acquiring an additional 2,813,548 shares during the quarter. Bessemer Group Inc.’s holdings in GlobalFoundries were worth $125,147,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. boosted its stake in GlobalFoundries by 7.9% during the third quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock worth $106,172,000 after acquiring an additional 217,866 shares in the last quarter. AQR Capital Management LLC increased its stake in GlobalFoundries by 9.9% in the fourth quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock valued at $100,047,000 after purchasing an additional 257,254 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of GlobalFoundries by 126.0% during the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock valued at $83,180,000 after purchasing an additional 1,328,129 shares during the period. Squarepoint Ops LLC raised its holdings in shares of GlobalFoundries by 55.4% during the fourth quarter. Squarepoint Ops LLC now owns 2,021,035 shares of the company’s stock valued at $70,575,000 after purchasing an additional 720,846 shares during the period. Finally, UBS Group AG boosted its position in shares of GlobalFoundries by 136.7% during the 4th 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 in the last quarter.

Insider Buying and Selling

In other GlobalFoundries news, 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 completion of the transaction, the insider owned 795 shares in the company, valued at $56,365.50. This represents a 38.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 335 shares of GlobalFoundries stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $77.36, for a total value of $25,915.60. Following the sale, the insider owned 13,149 shares in the company, valued at $1,017,206.64. The trade was a 2.48% decrease in their ownership of the stock. 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 23,080 shares of company stock valued at $1,643,350 over the last ninety days.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $57.48 on Friday. The firm has a 50-day moving average of $76.44 and a 200-day moving average of $57.34. The company has a market cap of $31.54 billion, a P/E ratio of 41.35, a P/E/G ratio of 2.06 and a beta of 1.76. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. GlobalFoundries Inc. has a one year low of $31.51 and a one year high of $92.55.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The firm’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 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, June 24th. GlobalFoundries’s dividend payout ratio (DPR) is presently 34.53%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $65.00 target price on shares of GlobalFoundries in a research report on Wednesday, May 6th. Evercore reissued an “outperform” rating and issued a $85.00 price objective on shares of GlobalFoundries in a research note on Tuesday, May 19th. Needham & Company LLC upped their target price on GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Zacks Research upgraded GlobalFoundries from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $70.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $74.62.

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.