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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $48.38, for a total value of $16,207.30. Following the sale, the insider owned 10,804 shares of the company’s stock, valued at approximately $522,697.52. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

NASDAQ:GFS traded down $1.83 on Monday, hitting $46.22. The stock had a trading volume of 2,121,175 shares, compared to its average volume of 4,295,399. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of 36.11, a price-to-earnings-growth ratio of 1.21 and a beta of 1.80. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $63.28 and its two-hundred day simple moving average is $59.40. GlobalFoundries Inc. has a 52-week low of $31.59 and a 52-week high of $92.55.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, research analysts predict that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

GlobalFoundries Dividend Announcement

The firm 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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s dividend payout ratio is currently 37.50%.

Wall Street Analysts Forecast Growth

GFS has been the topic of several analyst reports. UBS Group dropped their price target on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Needham & Company LLC raised their target price on GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Cantor Fitzgerald upgraded GlobalFoundries from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $50.00 to $80.00 in a research report on Monday, May 4th. Wedbush reissued a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a report on Monday, May 4th. Finally, Arete Research set a $95.00 price target on GlobalFoundries in a research report on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, GlobalFoundries has an average rating of “Hold” and a consensus price target of $75.11.

Hedge Funds Weigh In On GlobalFoundries

Hedge funds have recently modified their holdings of the company. Invesco Ltd. lifted its stake in shares of 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 buying an additional 217,866 shares in the last quarter. AQR Capital Management LLC increased its stake in GlobalFoundries by 9.9% in the 4th 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 in the last quarter. Bessemer Group Inc. raised its holdings in 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 acquiring an additional 2,813,548 shares during the period. Marshall Wace LLP lifted its position in shares of GlobalFoundries by 126.0% in the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock valued at $83,180,000 after acquiring an additional 1,328,129 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of GlobalFoundries by 55.4% in the fourth 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 in the last quarter.

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.