Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells $29,830.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $59.66, for a total transaction of $29,830.00. Following the completion of the sale, the insider owned 16,994 shares in the company, valued at approximately $1,013,862.04. The trade was a 2.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 5.5%

Shares of GFS stock opened at $62.74 on Thursday. The stock has a market cap of $34.91 billion, a P/E ratio of 39.46, a PEG ratio of 2.38 and a beta of 1.46. GlobalFoundries Inc. has a 52 week low of $31.51 and a 52 week high of $65.05. The company has a quick ratio of 1.95, a current ratio of 2.62 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $48.32 and its two-hundred day simple moving average is $41.83.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.47 by $0.08. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.80 billion. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. Analysts predict that GlobalFoundries Inc. will post 1.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Zacks Research upgraded shares of GlobalFoundries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Susquehanna restated a “neutral” rating and issued a $50.00 target price on shares of GlobalFoundries in a report on Thursday, February 12th. Morgan Stanley set a $43.00 target price on shares of GlobalFoundries in a report on Monday, February 9th. Citigroup boosted their target price on shares of GlobalFoundries from $42.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Finally, Wedbush boosted their target price on shares of GlobalFoundries from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $46.13.

Institutional Trading of GlobalFoundries

A number of large investors have recently made changes to their positions in GFS. Royal Bank of Canada increased its holdings in shares of GlobalFoundries by 4.4% in the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after buying an additional 660 shares during the last quarter. AQR Capital Management LLC grew its holdings in GlobalFoundries by 77.6% during the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock valued at $3,679,000 after purchasing an additional 44,599 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in GlobalFoundries by 7,120.1% during the 1st quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after purchasing an additional 12,033 shares during the last quarter. American Century Companies Inc. grew its holdings in GlobalFoundries by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock valued at $1,055,000 after purchasing an additional 903 shares during the last quarter. Finally, M&T Bank Corp bought a new position in GlobalFoundries during the 2nd quarter valued at about $269,000.

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.