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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $70.90, for a total transaction of $23,751.50. Following the transaction, the insider owned 12,814 shares in the company, valued at approximately $908,512.60. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 7.3%

NASDAQ GFS opened at $63.94 on Tuesday. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $92.55. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $35.08 billion, a PE ratio of 46.00, a price-to-earnings-growth ratio of 2.44 and a beta of 1.76. The firm’s fifty day simple moving average is $77.46 and its 200-day simple moving average is $56.81.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share (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 business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company earned $0.34 earnings per share. GlobalFoundries’s quarterly revenue was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, sell-side analysts anticipate that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, June 24th. GlobalFoundries’s payout ratio is currently 34.53%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. WealthCollab LLC lifted its holdings in GlobalFoundries by 674.7% in the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after purchasing an additional 614 shares during the last quarter. True Wealth Design LLC boosted its position in GlobalFoundries by 216.7% during the fourth quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after purchasing an additional 544 shares during the period. Covestor Ltd grew its holdings in GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after purchasing an additional 349 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in GlobalFoundries during the fourth quarter valued at approximately $35,000. Finally, Strategic Advocates LLC raised its position in shares of GlobalFoundries by 95.1% in the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Arete Research set a $95.00 price objective on GlobalFoundries in a report on Wednesday, June 10th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $70.00 target price on shares of GlobalFoundries in a research note on Tuesday, May 5th. Needham & Company LLC boosted their target price on shares of GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Evercore restated an “outperform” rating and set a $85.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 19th. Finally, Wedbush restated a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $74.62.

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.