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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $48.29, for a total value of $16,177.15. Following the completion of the sale, the insider directly owned 11,474 shares of the company’s stock, valued at $554,079.46. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Down 4.2%

GFS stock traded down $2.27 during trading on Monday, reaching $51.66. 3,232,496 shares of the stock were exchanged, compared to its average volume of 4,336,267. The firm’s 50 day moving average is $69.11 and its 200 day moving average is $58.94. The firm has a market cap of $28.34 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 1.56 and a beta of 1.80. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a twelve month low of $31.51 and a twelve month high of $92.55.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, research analysts forecast that GlobalFoundries Inc. will post 1.39 EPS for the current year.

GlobalFoundries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a yield of 0.9%. GlobalFoundries’s dividend payout ratio (DPR) is presently 37.50%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Robert W. Baird set a $140.00 price objective on shares of GlobalFoundries in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Morgan Stanley reaffirmed a “negative” rating and issued a $60.00 price target on shares of GlobalFoundries in a research report on Thursday. Evercore reissued an “outperform” rating and set a $85.00 price objective on shares of GlobalFoundries in a report on Tuesday, May 19th. Finally, Susquehanna increased their price objective on GlobalFoundries to $125.00 and gave the stock a “positive” rating in a research note on Monday, May 11th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GlobalFoundries presently has a consensus rating of “Hold” and a consensus target price of $75.11.

Institutional Trading of GlobalFoundries

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in GlobalFoundries by 4.4% during the first quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after purchasing an additional 660 shares during the last quarter. AQR Capital Management LLC increased its stake in GlobalFoundries by 77.6% in the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock valued at $3,679,000 after buying an additional 44,599 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of GlobalFoundries by 7,120.1% during the 1st quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock worth $450,000 after buying an additional 12,033 shares in the last quarter. American Century Companies Inc. lifted its position in shares of GlobalFoundries by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock worth $1,055,000 after buying an additional 903 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in shares of GlobalFoundries in the 2nd quarter worth approximately $269,000.

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.