GlobalFoundries (NASDAQ:GFS) Insider Sells $37,410.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $74.82, for a total transaction of $37,410.00. Following the completion of the sale, the insider directly owned 15,494 shares of the company’s stock, valued at approximately $1,159,261.08. This trade represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Price Performance

Shares of NASDAQ GFS traded down $3.92 during midday trading on Monday, reaching $67.11. The stock had a trading volume of 2,359,985 shares, compared to its average volume of 4,093,992. The stock has a 50-day moving average of $53.32 and a 200-day moving average of $44.50. 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 company has a market capitalization of $37.34 billion, a price-to-earnings ratio of 48.36, a price-to-earnings-growth ratio of 2.51 and a beta of 1.71. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month high of $76.98.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, research analysts anticipate that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%.

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors have recently bought and sold shares of GFS. WealthCollab LLC lifted its position in GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after purchasing an additional 614 shares during the last quarter. True Wealth Design LLC lifted its position in GlobalFoundries by 216.7% during 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% during 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. First Horizon Corp bought a new position in GlobalFoundries during the third quarter valued at $33,000. Finally, Covestor Ltd lifted its position in GlobalFoundries by 57.6% during 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.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GFS shares. JPMorgan Chase & Co. upped their target price on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Loop Capital set a $80.00 target price on shares of GlobalFoundries in a research report on Monday, May 4th. UBS Group upped their target price on shares of GlobalFoundries from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Jefferies Financial Group restated a “hold” rating and set a $65.00 target price on shares of GlobalFoundries in a research report on Wednesday, May 6th. Finally, Susquehanna upped their target price on shares of GlobalFoundries to $125.00 and gave the stock a “positive” rating in a research report on Monday, May 11th. Eight equities research 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 data from MarketBeat, GlobalFoundries presently has a consensus rating of “Hold” and a consensus price target of $67.53.

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.