Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells $15,316.20 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $45.72, for a total value of $15,316.20. Following the completion of the sale, the insider directly owned 9,129 shares in the company, valued at approximately $417,377.88. This represents a 3.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 4.1%

Shares of GlobalFoundries stock traded up $1.95 on Friday, reaching $49.00. 4,935,209 shares of the company were exchanged, compared to its average volume of 4,284,797. GlobalFoundries Inc. has a one year low of $32.02 and a one year high of $92.55. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $48.99 and a 200 day moving average of $59.28. The company has a market capitalization of $26.89 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 1.52 and a beta of 1.78.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results 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 net margin of 10.36% and a return on equity of 6.69%. 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 company posted $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, equities research analysts forecast that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

GlobalFoundries Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a yield of 1.0%. GlobalFoundries’s dividend payout ratio (DPR) is currently 37.50%.

Institutional Investors Weigh In On GlobalFoundries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd boosted its position in GlobalFoundries by 844.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 62,593 shares of the company’s stock valued at $2,186,000 after acquiring an additional 55,967 shares during the last quarter. Sei Investments Co. lifted its stake in GlobalFoundries by 239.0% in the first quarter. Sei Investments Co. now owns 48,246 shares of the company’s stock valued at $2,146,000 after buying an additional 34,014 shares during the period. AXQ Capital LP boosted its holdings in shares of GlobalFoundries by 438.9% during the 4th quarter. AXQ Capital LP now owns 49,617 shares of the company’s stock worth $1,733,000 after buying an additional 40,410 shares in the last quarter. Bank of America Corp DE grew its position in shares of GlobalFoundries by 106.1% during the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after buying an additional 450,722 shares during the period. Finally, Monaco Asset Management SAM bought a new stake in shares of GlobalFoundries in the 4th quarter valued at $6,984,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GFS. Stifel Nicolaus assumed coverage on GlobalFoundries in a report on Tuesday, September 1st. They set a “buy” rating and a $60.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of GlobalFoundries in a research note on Monday, August 10th. Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a research note on Wednesday, August 5th. Cantor Fitzgerald reiterated an “overweight” rating on shares of GlobalFoundries in a research note on Tuesday, September 8th. Finally, Arete Research set a $95.00 target price on shares of GlobalFoundries in a research report on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $74.32.

GlobalFoundries Company Profile

GlobalFoundries Inc (NASDAQ:GFS) is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.

The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.