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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $57.12, for a total value of $19,135.20. Following the transaction, the insider owned 12,144 shares in the company, valued at approximately $693,665.28. This trade represents a 2.68% decrease in their position. The sale was disclosed in a legal 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 Stock Down 7.8%

GlobalFoundries stock opened at $49.02 on Wednesday. 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 fifty day moving average price of $74.16 and a two-hundred day moving average price of $58.39. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 1.88 and a beta of 1.76. GlobalFoundries Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $92.55.

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

GlobalFoundries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 24th. GlobalFoundries’s payout ratio is 34.53%.

Hedge Funds Weigh In On GlobalFoundries

Large investors have recently made changes to their positions in the company. WealthCollab LLC increased its position in GlobalFoundries by 674.7% during 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. Covestor Ltd boosted its position in shares of GlobalFoundries by 57.6% in the fourth 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. bought a new stake in shares of GlobalFoundries in the fourth quarter valued at about $35,000. Strategic Advocates LLC grew its stake in shares of GlobalFoundries by 95.1% in the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock valued at $37,000 after acquiring an additional 500 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after acquiring an additional 237 shares during the period.

Wall Street Analyst Weigh In

GFS has been the subject of several recent analyst reports. Evercore reaffirmed an “outperform” rating and set a $85.00 price objective on shares of GlobalFoundries in a report on Tuesday, May 19th. Wedbush reissued a “neutral” rating and issued a $50.00 target price on shares of GlobalFoundries in a research note on Monday, May 4th. The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 target price on shares of GlobalFoundries in a research note on Tuesday, May 5th. Jefferies Financial Group restated a “hold” rating and issued a $65.00 price target on shares of GlobalFoundries in a report on Wednesday, May 6th. Finally, Loop Capital set a $80.00 price objective on shares of GlobalFoundries in a research note on Monday, May 4th. One 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 data from MarketBeat.com, the company 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.