GlobalFoundries (NASDAQ:GFS) Insider Pradheepa Raman Sells 6,760 Shares

GlobalFoundries Inc. (NASDAQ:GFS) insider Pradheepa Raman sold 6,760 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total transaction of $345,571.20. The sale was disclosed in a 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 Stock Performance

NASDAQ:GFS traded down $0.84 during trading hours on Thursday, reaching $47.74. The company had a trading volume of 761,325 shares, compared to its average volume of 4,302,852. 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 52 week low of $31.59 and a 52 week high of $92.55. The firm has a market cap of $26.19 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 1.25 and a beta of 1.80. The firm’s 50 day moving average price is $64.61 and its 200-day moving average price is $59.32.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $1.79 billion for 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 was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, analysts forecast that GlobalFoundries Inc. will post 1.48 EPS for the current year.

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. GlobalFoundries’s dividend payout ratio is currently 37.50%.

Institutional Trading of GlobalFoundries

A number of institutional investors have recently bought and sold shares of GFS. Invesco Ltd. increased its stake in GlobalFoundries by 7.9% during the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock valued at $106,172,000 after purchasing an additional 217,866 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of GlobalFoundries by 9.9% during the fourth quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after buying an additional 257,254 shares during the period. Bessemer Group Inc. grew its holdings in shares of GlobalFoundries by 8,275,141.2% during the first 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 last quarter. Marshall Wace LLP grew its holdings in shares of GlobalFoundries by 126.0% during the fourth 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 last quarter. Finally, Squarepoint Ops LLC increased its position in shares of GlobalFoundries by 55.4% in the 4th quarter. Squarepoint Ops LLC now owns 2,021,035 shares of the company’s stock valued at $70,575,000 after acquiring an additional 720,846 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GFS. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday, May 29th. Loop Capital set a $80.00 price target on shares of GlobalFoundries in a research note on Monday, May 4th. Robert W. Baird set a $140.00 price objective on shares of GlobalFoundries in a research report on Thursday, August 6th. UBS Group reduced their price objective on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, Zacks Research cut GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $75.11.

About GlobalFoundries

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.