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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $87.02, for a total value of $29,151.70. Following the completion of the sale, the insider directly owned 13,484 shares of the company’s stock, valued at approximately $1,173,377.68. This trade represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Up 1.7%

NASDAQ:GFS opened at $82.41 on Wednesday. The company has a market capitalization of $45.22 billion, a PE ratio of 59.29, a P/E/G ratio of 2.86 and a beta of 1.77. GlobalFoundries Inc. has a 52-week low of $31.51 and a 52-week high of $92.55. The stock’s 50 day moving average price is $75.99 and its 200 day moving average price is $54.78. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, research analysts anticipate that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, June 24th. GlobalFoundries’s payout ratio is presently 34.53%.

Analyst Upgrades and Downgrades

GFS has been the topic of several research reports. Wedbush reissued a “neutral” rating and set a $50.00 price objective on shares of GlobalFoundries in a research report on Monday, May 4th. Morgan Stanley lifted their price objective on shares of GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Needham & Company LLC raised their price target on GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. upped their price objective on GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.62.

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors have recently bought and sold shares of GFS. Invesco Ltd. lifted its stake in shares of GlobalFoundries by 7.9% in the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock worth $106,172,000 after acquiring an additional 217,866 shares during the period. AQR Capital Management LLC increased its stake in shares of GlobalFoundries by 9.9% during the fourth quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after acquiring an additional 257,254 shares during the period. 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 worth $125,147,000 after purchasing an additional 2,813,548 shares in the last quarter. First Trust Advisors LP raised its holdings in GlobalFoundries by 15.2% during the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock worth $95,315,000 after purchasing an additional 350,743 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in GlobalFoundries by 126.0% during the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after purchasing an additional 1,328,129 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.