GlobalFoundries Target of Unusually High Options Trading (NASDAQ:GFS)

GlobalFoundries Inc. (NASDAQ:GFS) saw some unusual options trading on Tuesday. Stock traders acquired 16,469 call options on the stock. This represents an increase of 127% compared to the average volume of 7,243 call options.

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries news, insider Michael James Hogan sold 2,800 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $75.17, for a total value of $210,476.00. Following the completion of the sale, the insider owned 6,695 shares in the company, valued at $503,263.15. This represents a 29.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 500 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $74.82, for a total value of $37,410.00. Following the completion of the transaction, the insider directly owned 15,494 shares in the company, valued at $1,159,261.08. This trade represents a 3.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,580 shares of company stock worth $1,379,510 over the last quarter.

Institutional Investors Weigh In On GlobalFoundries

A number of hedge funds have recently bought and sold shares of GFS. Hennion & Walsh Asset Management Inc. purchased a new position in GlobalFoundries in the second quarter worth about $207,000. FNY Investment Advisers LLC purchased a new stake in GlobalFoundries during the second quarter valued at approximately $60,000. CoreCap Advisors LLC lifted its stake in shares of GlobalFoundries by 41,500.0% in the 2nd quarter. CoreCap Advisors LLC now owns 2,912 shares of the company’s stock valued at $240,000 after purchasing an additional 2,905 shares during the last quarter. Meadowbrook Wealth Management LLC bought a new stake in shares of GlobalFoundries in the 2nd quarter valued at approximately $488,000. Finally, Parallel Advisors LLC boosted its holdings in shares of GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after purchasing an additional 237 shares during the period.

GlobalFoundries Price Performance

NASDAQ GFS traded up $2.62 during trading hours on Tuesday, reaching $59.43. The company’s stock had a trading volume of 3,441,728 shares, compared to its average volume of 4,283,552. GlobalFoundries has a 1 year low of $31.51 and a 1 year high of $92.55. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $32.61 billion, a price-to-earnings ratio of 43.00, a PEG ratio of 2.03 and a beta of 1.76. The firm’s 50-day moving average price is $76.08 and its 200-day moving average price is $57.64.

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, beating analysts’ consensus estimates of $0.35 by $0.05. The business 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%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, equities research analysts predict that GlobalFoundries will post 1.38 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, June 24th. GlobalFoundries’s dividend payout ratio (DPR) is presently 34.53%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GFS shares. Wedbush reissued a “neutral” rating and issued a $50.00 target price on shares of GlobalFoundries in a report on Monday, May 4th. Cantor Fitzgerald upgraded shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $50.00 to $80.00 in a research report on Monday, May 4th. The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a research note on Tuesday, May 5th. Robert W. Baird set a $100.00 target price on shares of GlobalFoundries in a research note on Wednesday, May 6th. Finally, Needham & Company LLC upped their target price on shares of GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.