Public Employees Retirement System of Ohio Buys New Holdings in GlobalFoundries Inc. $GFS

Public Employees Retirement System of Ohio bought a new position in GlobalFoundries Inc. (NASDAQ:GFS) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 37,211 shares of the company’s stock, valued at approximately $3,067,000.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of GlobalFoundries by 8.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock worth $87,000 after acquiring an additional 154 shares during the period. Parallel Advisors LLC raised its position in GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after purchasing an additional 237 shares in the last quarter. Vident Advisory LLC lifted its stake in GlobalFoundries by 5.0% during the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock worth $215,000 after purchasing an additional 293 shares during the period. Federation des caisses Desjardins du Quebec lifted its stake in GlobalFoundries by 9.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company’s stock worth $125,000 after purchasing an additional 305 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in GlobalFoundries by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock valued at $372,000 after purchasing an additional 324 shares in the last quarter.

GlobalFoundries Stock Up 1.5%

Shares of GFS opened at $45.21 on Friday. The firm has a market capitalization of $24.81 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.41 and a beta of 1.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The business’s fifty day moving average price is $55.52 and its two-hundred day moving average price is $59.35. GlobalFoundries Inc. has a 52 week low of $31.59 and a 52 week high of $92.55.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The firm’s quarterly 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, analysts predict that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

GlobalFoundries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. GlobalFoundries’s dividend payout ratio is presently 37.50%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GFS shares. Evercore reissued an “outperform” rating and issued a $85.00 target price on shares of GlobalFoundries in a report on Tuesday, May 19th. Stifel Nicolaus assumed coverage on GlobalFoundries in a research report on Tuesday. They issued a “buy” rating and a $60.00 price target on the stock. Morgan Stanley reiterated a “negative” rating and set a $60.00 price objective on shares of GlobalFoundries in a research note on Thursday, August 6th. Zacks Research cut GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, UBS Group reduced their target price on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $74.32.

Insider Buying and Selling at GlobalFoundries

In related news, Director Glenda Dorchak sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $58.22, for a total transaction of $232,880.00. Following the completion of the sale, the director directly owned 14,867 shares of the company’s stock, valued at $865,556.74. The trade was a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a 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 Samak L. Azar sold 335 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $77.36, for a total transaction of $25,915.60. Following the completion of the transaction, the insider owned 13,149 shares in the company, valued at $1,017,206.64. This represents 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 sold a total of 22,745 shares of company stock worth $1,433,835 over the last quarter.

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.