Monaco Asset Management SAM Makes New Investment in GlobalFoundries Inc. $GFS

Monaco Asset Management SAM bought a new stake in GlobalFoundries Inc. (NASDAQ:GFS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 200,000 shares of the company’s stock, valued at approximately $6,984,000. GlobalFoundries comprises approximately 1.2% of Monaco Asset Management SAM’s portfolio, making the stock its 20th largest position.

Other institutional investors also recently bought and sold shares of the company. WealthCollab LLC grew its position in GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after acquiring an additional 614 shares during the last quarter. True Wealth Design LLC lifted its position in GlobalFoundries by 216.7% in the fourth quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after purchasing an additional 544 shares during the last quarter. Clearstead Advisors LLC lifted its position in GlobalFoundries by 91.9% in the third quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after purchasing an additional 387 shares during the last quarter. Covestor Ltd lifted its position in GlobalFoundries by 57.6% in 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 last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in GlobalFoundries in the fourth quarter valued at approximately $41,000.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GFS. UBS Group boosted their price objective on GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Dbs Bank downgraded GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 13th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a research report on Tuesday, May 5th. Morgan Stanley boosted their price objective on GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, GlobalFoundries currently has an average rating of “Hold” and a consensus price target of $69.88.

GlobalFoundries Stock Performance

NASDAQ GFS opened at $79.97 on Monday. GlobalFoundries Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $92.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. The stock has a 50 day simple moving average of $60.18 and a two-hundred day simple moving average of $47.60. The stock has a market cap of $44.50 billion, a P/E ratio of 57.53, a price-to-earnings-growth ratio of 2.83 and a beta of 1.77.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, analysts forecast that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.

GlobalFoundries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 annualized dividend and a yield of 0.6%.

Insider Activity at GlobalFoundries

In related news, Director Glenda Dorchak sold 4,000 shares of GlobalFoundries stock in a transaction on Monday, April 20th. The shares were sold at an average price of $58.46, for a total value of $233,840.00. Following the sale, the director owned 18,867 shares in the company, valued at $1,102,964.82. The trade was a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,800 shares of GlobalFoundries stock in a transaction 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 in the company, valued at approximately $799,377.60. This trade 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 a total of 19,835 shares of company stock worth $1,167,763 over the last quarter.

GlobalFoundries 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.