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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $77.36, for a total value of $25,915.60. Following the transaction, the insider directly owned 13,149 shares in the company, valued at approximately $1,017,206.64. This trade represents a 2.48% decrease in their position. The sale was disclosed in a legal filing 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 Stock Performance

GFS opened at $67.97 on Thursday. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month high of $92.55. The stock has a market cap of $37.30 billion, a price-to-earnings ratio of 48.90, a PEG ratio of 2.33 and a beta of 1.76. The business has a 50 day moving average of $77.14 and a 200-day moving average of $56.15. 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 earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the company posted $0.34 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, equities research analysts expect that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.

GlobalFoundries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, June 24th. GlobalFoundries’s payout ratio is 34.53%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GFS shares. Needham & Company LLC increased their price objective on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Morgan Stanley lifted their target price on shares of GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Susquehanna upped their price target on shares of GlobalFoundries to $125.00 and gave the company a “positive” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. increased their price target on shares of GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Cantor Fitzgerald upgraded shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $50.00 to $80.00 in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, GlobalFoundries presently has an average rating of “Hold” and a consensus target price of $74.62.

Institutional Trading of GlobalFoundries

A number of institutional investors have recently bought and sold shares of GFS. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of GlobalFoundries in the second quarter valued at approximately $207,000. FNY Investment Advisers LLC bought a new position in GlobalFoundries during the 2nd quarter worth $60,000. CoreCap Advisors LLC raised its holdings in GlobalFoundries by 41,500.0% in the 2nd quarter. CoreCap Advisors LLC now owns 2,912 shares of the company’s stock valued at $240,000 after acquiring an additional 2,905 shares in the last quarter. Meadowbrook Wealth Management LLC bought a new stake in shares of GlobalFoundries during the 2nd quarter valued at $488,000. Finally, Parallel Advisors LLC lifted its position in shares of GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after acquiring an additional 237 shares during the period.

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.