GlobalFoundries (NASDAQ:GFS) Insider Samak Azar Sells 500 Shares

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of GlobalFoundries stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $72.19, for a total value of $36,095.00. Following the transaction, the insider owned 15,994 shares of the company’s stock, valued at $1,154,606.86. This trade represents a 3.03% decrease in their position. 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.

GlobalFoundries Price Performance

GFS stock opened at $74.99 on Tuesday. The company has a market capitalization of $41.73 billion, a P/E ratio of 53.95, a price-to-earnings-growth ratio of 2.90 and a beta of 1.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. GlobalFoundries Inc. has a 52-week low of $31.51 and a 52-week high of $76.98. The business has a 50-day simple moving average of $51.32 and a two-hundred day simple moving average of $43.43.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Tuesday, May 5th. The company reported $0.40 EPS 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 firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Research analysts expect that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.6%.

Analyst Upgrades and Downgrades

GFS has been the topic of several recent analyst reports. Cantor Fitzgerald raised shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $50.00 to $80.00 in a research report on Monday, May 4th. Citigroup lifted their target price on shares of GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Zacks Research raised shares of GlobalFoundries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Robert W. Baird set a $100.00 target price on shares of GlobalFoundries in a research report on Wednesday, May 6th. Finally, Dbs Bank cut shares of GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 13th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, GlobalFoundries has an average rating of “Hold” and a consensus target price of $67.53.

Institutional Investors Weigh In On GlobalFoundries

A number of hedge funds have recently modified their holdings of GFS. Bessemer Group Inc. raised its holdings in shares of GlobalFoundries by 8,275,141.2% in the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after purchasing an additional 2,813,548 shares during the period. HRT Financial LP bought a new stake in shares of GlobalFoundries in the 4th quarter worth approximately $62,996,000. AQR Capital Management LLC raised its holdings in shares of GlobalFoundries by 168.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock worth $93,463,000 after purchasing an additional 1,635,338 shares during the period. Marshall Wace LLP raised its holdings in shares of GlobalFoundries by 126.0% in the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after purchasing an additional 1,328,129 shares during the period. Finally, UBS Group AG raised its holdings in shares of GlobalFoundries by 136.7% in 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 during the period.

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.