GlobalFoundries (NASDAQ:GFS) Insider Sells $27,470.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $82.00, for a total transaction of $27,470.00. Following the transaction, the insider directly owned 14,489 shares of the company’s stock, valued at $1,188,098. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Up 2.8%

Shares of GFS traded up $2.12 during midday trading on Monday, hitting $77.65. The stock had a trading volume of 2,143,644 shares, compared to its average volume of 4,580,758. GlobalFoundries Inc. has a 1 year low of $31.51 and a 1 year high of $92.55. The firm has a market cap of $43.20 billion, a PE ratio of 55.85, a price-to-earnings-growth ratio of 2.67 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. The stock’s 50 day moving average is $63.93 and its 200 day moving average is $49.31.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, analysts forecast that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%.

Hedge Funds Weigh In On GlobalFoundries

Large investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of GlobalFoundries by 4.4% during the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after purchasing an additional 660 shares during the last quarter. AQR Capital Management LLC increased its stake in GlobalFoundries by 77.6% during the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock worth $3,679,000 after buying an additional 44,599 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of GlobalFoundries by 7,120.1% during the first quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after acquiring an additional 12,033 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of GlobalFoundries by 3.4% in the second quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock worth $1,055,000 after acquiring an additional 903 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of GlobalFoundries in the second quarter worth approximately $269,000.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GFS shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a research report on Tuesday, May 5th. Wedbush reaffirmed a “neutral” rating and issued a $50.00 price target on shares of GlobalFoundries in a report on Monday, May 4th. TD Cowen reissued a “buy” rating on shares of GlobalFoundries in a report on Thursday, February 12th. Loop Capital set a $80.00 target price on GlobalFoundries in a research note on Monday, May 4th. Finally, Susquehanna increased their price objective on GlobalFoundries to $125.00 and gave the company a “positive” rating in a report on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.88.

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.