Why GlobalFoundries (GFS) Stock Is Down Today

GlobalFoundries (GFS) is down 6.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a broad semiconductor selloff rather than a fresh company-specific problem at GlobalFoundries. This could be because investors reacted cautiously to industry developments on July 16, 2026, while GFS had no major negative announcement of its own.

Details:

GlobalFoundries’ investor relations page does not show a new negative corporate announcement tied to today’s drop; its most recent update was the July 1, 2026 notice that second-quarter 2026 results will be released on August 5, 2026.

In first-quarter 2026 results released on May 5, 2026, the company posted $1.634 billion in revenue, and management said non-IFRS profitability metrics came in at or above the high end of guidance.

At its May 7, 2026 Investor Day, GlobalFoundries outlined a long-term growth roadmap and announced its first-ever dividend, with the initial $0.12 quarterly payout made on July 14, 2026.

The chip sector was under pressure on July 16, 2026 even as a major foundry peer posted strong quarterly numbers and expanded its U.S. investment plans, which points to sector-wide sentiment and valuation concerns as a plausible explanation for GFS weakness.

Sources:

GlobalFoundries Investor Relations, SEC, AP News

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$GFS Insider Trading Activity

$GFS insiders have traded $GFS stock on the open market 30 times in the past 6 months. Of those trades, 0 have been purchases and 30 have been sales.

Here’s a breakdown of recent trading of $GFS stock by insiders over the last 6 months:

MICHAEL JAMES HOGAN (Chief Strategy Officer) has made 0 purchases and 12 sales selling 22,600 shares for an estimated $1,516,313.
SAMUEL VICARI (Chief Customer Officer) sold 8,692 shares for an estimated $657,289
SAMAK L AZAR (Chief Legal Officer) has made 0 purchases and 16 sales selling 6,680 shares for an estimated $425,399.
GLENDA DORCHAK sold 4,000 shares for an estimated $233,840

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$GFS Hedge Fund Activity

We have seen 209 institutional investors add shares of $GFS stock to their portfolio, and 112 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MUBADALA INVESTMENT CO PJSC removed 27,344,840 shares (-6.1%) from their portfolio in Q1 2026, for an estimated $1,216,298,483
FMR LLC added 8,595,583 shares (+15.5%) to their portfolio in Q1 2026, for an estimated $382,331,531
MORGAN STANLEY added 2,997,792 shares (+182.9%) to their portfolio in Q1 2026, for an estimated $133,341,788
BESSEMER GROUP INC added 2,813,548 shares (+8275141.2%) to their portfolio in Q1 2026, for an estimated $125,146,615
MARSHALL WACE, LLP added 2,669,645 shares (+112.1%) to their portfolio in Q1 2026, for an estimated $118,745,809
GHISALLO CAPITAL MANAGEMENT LLC added 1,800,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $80,064,000
HRT FINANCIAL LP removed 1,261,976 shares (-70.0%) from their portfolio in Q1 2026, for an estimated $56,132,692

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$GFS Government Contracts

We have seen $86,393,764 of award payments to $GFS over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

THE TRUSTED FOUNDRY ACCESS (TFA) CONTRACT ACQUIRED SUPPLIES ASSOCIATED WITH APPLICATION SPECIFIC INTEGRATED...: $27,586,640
SOW 25-5C9: $26,002,385

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$GFS Analyst Ratings

Wall Street analysts have issued reports on $GFS in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Baird issued a "Outperform" rating on 02/12/2026

To track analyst ratings and price targets for $GFS, check out Quiver Quantitative's $GFS forecast page.

$GFS Price Targets

Multiple analysts have issued price targets for $GFS recently. We have seen 12 analysts offer price targets for $GFS in the last 6 months, with a median target of $70.0.

Here are some recent targets:

Mark Lipacis from Evercore ISI Group set a target price of $85.0 on 05/19/2026
Mehdi Hosseini from Susquehanna set a target price of $125.0 on 05/11/2026
Joseph Moore from Morgan Stanley set a target price of $65.0 on 05/06/2026
Atif Malik from Citigroup set a target price of $70.0 on 05/06/2026
Timothy Arcuri from UBS set a target price of $77.0 on 05/06/2026
Harlan Sur from JP Morgan set a target price of $70.0 on 05/06/2026
Charles Shi from Needham set a target price of $80.0 on 05/05/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.