GlobalFoundries (NASDAQ:GFS) Insider Sells $23,800.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of GlobalFoundries stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $47.60, for a total transaction of $23,800.00. Following the completion of the sale, the insider directly owned 17,994 shares in the company, valued at $856,514.40. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 0.2%

NASDAQ:GFS opened at $48.31 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $26.88 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 1.91 and a beta of 1.46. The firm’s 50 day moving average is $45.72 and its 200 day moving average is $40.18. GlobalFoundries Inc. has a 12 month low of $30.69 and a 12 month high of $50.98.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.80 billion. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. GlobalFoundries’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. Sell-side analysts expect that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on GFS. Robert W. Baird lifted their price target on shares of GlobalFoundries from $40.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Morgan Stanley set a $43.00 price objective on shares of GlobalFoundries in a research note on Monday, February 9th. Wedbush lifted their price objective on shares of GlobalFoundries from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Needham & Company LLC lifted their price objective on shares of GlobalFoundries from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, The Goldman Sachs Group lifted their price objective on shares of GlobalFoundries from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, GlobalFoundries has a consensus rating of “Hold” and a consensus price target of $46.13.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GFS. Royal Bank of Canada grew its stake in GlobalFoundries by 4.4% in the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock valued at $575,000 after buying an additional 660 shares in the last quarter. AQR Capital Management LLC grew its position in shares of GlobalFoundries by 77.6% during the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock valued at $3,679,000 after purchasing an additional 44,599 shares in the last quarter. Jones Financial Companies Lllp grew 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 valued at $450,000 after purchasing an additional 12,033 shares in the last quarter. American Century Companies Inc. grew 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 valued at $1,055,000 after purchasing an additional 903 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in shares of GlobalFoundries during the 2nd quarter valued at $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.