Samak Azar Sells 335 Shares of GlobalFoundries (NASDAQ:GFS) Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $77.99, for a total transaction of $26,126.65. Following the sale, the insider owned 15,159 shares of the company’s stock, valued at approximately $1,182,250.41. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

GlobalFoundries stock opened at $81.11 on Thursday. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $58.68 and a 200-day moving average of $46.95. The firm has a market cap of $45.13 billion, a P/E ratio of 58.35, a P/E/G ratio of 3.18 and a beta of 1.71. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $92.55.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. GlobalFoundries’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Sell-side analysts expect that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, June 24th. GlobalFoundries’s dividend payout ratio is currently 34.53%.

Hedge Funds Weigh In On GlobalFoundries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Boothe Investment Group Inc. increased its stake in shares of GlobalFoundries by 1.4% during the first quarter. Boothe Investment Group Inc. now owns 77,458 shares of the company’s stock valued at $3,445,000 after purchasing an additional 1,092 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of GlobalFoundries during the first quarter valued at approximately $68,000. Bank of America Corp DE increased its stake in shares of GlobalFoundries by 106.1% during the first quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock valued at $38,936,000 after purchasing an additional 450,722 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of GlobalFoundries during the first quarter valued at approximately $1,108,000. Finally, Bull Harbor Capital LLC bought a new position in shares of GlobalFoundries during the first quarter valued at approximately $430,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $65.00 target price on shares of GlobalFoundries in a report on Wednesday, May 6th. Citigroup increased their price target on shares of GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Evercore reissued an “outperform” rating and issued a $85.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 19th. Finally, Zacks Research raised shares of GlobalFoundries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Eight investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $69.88.

GlobalFoundries News Summary

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries presented at TD Cowen’s 54th Annual Technology, Media & Telecom Conference, which keeps management in front of investors and may help reinforce its growth strategy and demand outlook. Article Title
• Positive Sentiment: The company recently reported better-than-expected quarterly earnings, with EPS of $0.40 topping estimates of $0.35, and revenue roughly in line with expectations, signaling that core business execution remains intact.
• Neutral Sentiment: GlobalFoundries also announced a quarterly dividend of $0.12 per share, which supports shareholder returns but is not large enough to be a major near-term catalyst.
• Neutral Sentiment: Institutional and market commentary around quantum computing and federal funding mentions GFS as a potential beneficiary of broader tech/foundry demand, but these articles are speculative and not direct company-specific catalysts. Article Title
• Negative Sentiment: Mubadala’s sale of 22 million shares, along with a separate insider sale by Samak Azar, may be weighing on sentiment because investors often interpret insider or large shareholder selling as a lack of near-term conviction. Article Title
• Negative Sentiment: Analyst sentiment remains cautious overall, with a consensus rating of “Hold,” which can limit enthusiasm even after recent earnings strength.

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.