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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $70.90, for a total value of $23,751.50. Following the sale, the insider directly owned 12,814 shares of the company’s stock, valued at approximately $908,512.60. This represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

Shares of NASDAQ GFS traded down $4.31 during mid-day trading on Monday, reaching $64.66. 1,006,132 shares of the company’s stock were exchanged, compared to its average volume of 4,298,256. The firm has a market capitalization of $35.48 billion, a price-to-earnings ratio of 46.34, a price-to-earnings-growth ratio of 2.44 and a beta of 1.76. GlobalFoundries Inc. has a 52 week low of $31.51 and a 52 week high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. The firm has a 50-day moving average price of $77.47 and a two-hundred day moving average price of $56.61.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating 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 company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. The firm’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. Analysts predict that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, June 24th. GlobalFoundries’s dividend payout ratio is currently 34.53%.

Institutional Trading of GlobalFoundries

A number of institutional investors have recently modified their holdings of GFS. WealthCollab LLC boosted its holdings in GlobalFoundries by 674.7% in the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after buying an additional 614 shares during the period. True Wealth Design LLC raised its holdings in GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after acquiring an additional 544 shares during the period. Covestor Ltd raised its holdings in GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after acquiring an additional 349 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of GlobalFoundries during the fourth quarter worth $35,000. Finally, Strategic Advocates LLC lifted its position in shares of GlobalFoundries by 95.1% during the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock worth $37,000 after acquiring an additional 500 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $70.00 price target on shares of GlobalFoundries in a report on Tuesday, May 5th. Wedbush reissued a “neutral” rating and set a $50.00 price objective on shares of GlobalFoundries in a report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a report on Friday, May 29th. Zacks Research raised GlobalFoundries from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, Arete Research set a $95.00 target price on GlobalFoundries in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.62.

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.