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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $46.26, for a total transaction of $15,497.10. Following the completion of the sale, the insider directly owned 7,789 shares in the company, valued at approximately $360,319.14. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Price Performance

GlobalFoundries stock opened at $44.39 on Friday. 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 fifty day simple moving average of $46.85 and a 200-day simple moving average of $59.72. The stock has a market cap of $24.36 billion, a P/E ratio of 34.68, a price-to-earnings-growth ratio of 1.41 and a beta of 1.77. GlobalFoundries Inc. has a 12-month low of $32.02 and a 12-month high of $92.55.

GlobalFoundries (NASDAQ:GFS) last posted its 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 return on equity of 6.69% and a net margin of 10.36%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. GlobalFoundries’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. Equities analysts expect that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating on shares of GlobalFoundries in a research note on Thursday, October 15th. TD Cowen reaffirmed a “buy” rating and issued a $75.00 target price on shares of GlobalFoundries in a report on Thursday, October 15th. Jefferies Financial Group set a $60.00 price target on shares of GlobalFoundries in a research report on Wednesday, August 5th. Wedbush reiterated a “neutral” rating and set a $72.00 price target on shares of GlobalFoundries in a research note on Thursday, October 15th. Finally, UBS Group dropped their price objective 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. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and an average price target of $75.79.

Institutional Investors Weigh In On GlobalFoundries

Several institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in shares of GlobalFoundries by 8.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock valued at $87,000 after buying an additional 154 shares during the last quarter. Parallel Advisors LLC boosted 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 last quarter. Signaturefd LLC grew its stake in GlobalFoundries by 22.3% during the 3rd quarter. Signaturefd LLC now owns 1,370 shares of the company’s stock valued at $66,000 after acquiring an additional 250 shares in the last quarter. California State Teachers Retirement System grew its stake in GlobalFoundries by 5.3% during the 1st quarter. California State Teachers Retirement System now owns 6,735 shares of the company’s stock valued at $300,000 after acquiring an additional 340 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in GlobalFoundries by 7.0% in the 2nd quarter. HB Wealth Management LLC now owns 5,472 shares of the company’s stock valued at $451,000 after acquiring an additional 358 shares during the last quarter.

GlobalFoundries Company Profile

GlobalFoundries Inc (NASDAQ:GFS) is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.

GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.

The company was established in 2009 through the separation of Advanced Micro Devices’ manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.