GlobalFoundries (NASDAQ:GFS) Insider Samak Azar Sells 335 Shares

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $80.90, for a total value of $27,101.50. Following the completion of the transaction, the insider owned 14,824 shares in the company, valued at approximately $1,199,261.60. The trade was a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 0.1%

GFS opened at $79.93 on Tuesday. GlobalFoundries Inc. has a one year low of $31.51 and a one year high of $92.55. The company has a market cap of $44.47 billion, a P/E ratio of 57.50, a PEG ratio of 2.83 and a beta of 1.77. 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 business’s 50-day simple moving average is $60.91 and its 200-day simple moving average is $47.92.

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

GlobalFoundries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%.

Wall Street Analyst Weigh In

GFS has been the subject of a number of research analyst reports. Loop Capital set a $80.00 target price on GlobalFoundries in a research report on Monday, May 4th. Wedbush reissued a “neutral” rating and issued a $50.00 target price on shares of GlobalFoundries in a research report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday. The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 target price on shares of GlobalFoundries in a research report on Tuesday, May 5th. Finally, Robert W. Baird set a $100.00 target price on GlobalFoundries in a research report on Wednesday, May 6th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $69.88.

Institutional Trading of GlobalFoundries

Several hedge funds have recently modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of GlobalFoundries by 7.9% in the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock valued at $106,172,000 after buying an additional 217,866 shares during the period. AQR Capital Management LLC lifted its holdings in shares of GlobalFoundries by 9.9% in the 4th quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock valued at $100,047,000 after buying an additional 257,254 shares during the period. Bessemer Group Inc. lifted 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 valued at $125,147,000 after buying an additional 2,813,548 shares during the period. First Trust Advisors LP lifted its holdings in shares of GlobalFoundries by 15.2% in the 3rd quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock valued at $95,315,000 after buying an additional 350,743 shares during the period. Finally, Marshall Wace LLP lifted 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 valued at $83,180,000 after buying an additional 1,328,129 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.