GlobalFoundries (NASDAQ:GFS) Insider Sells $15,661.25 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $46.75, for a total value of $15,661.25. Following the sale, the insider owned 10,469 shares in the company, valued at approximately $489,425.75. This represents a 3.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Price Performance

Shares of NASDAQ GFS opened at $44.76 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. GlobalFoundries Inc. has a fifty-two week low of $31.59 and a fifty-two week high of $92.55. The stock has a market cap of $24.56 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 1.13 and a beta of 1.80. The stock has a fifty day moving average of $59.53 and a 200-day moving average of $59.53.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Equities research analysts anticipate that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

GlobalFoundries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, September 23rd. GlobalFoundries’s dividend payout ratio (DPR) is 37.50%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new stake in GlobalFoundries during the second quarter valued at approximately $60,000. Parallel Advisors LLC increased its holdings in shares of GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after buying an additional 237 shares during the last quarter. Covestor Ltd increased its holdings in shares of GlobalFoundries by 57.6% in the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after buying an additional 349 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of GlobalFoundries during the 4th quarter valued at $35,000. Finally, Strategic Advocates LLC lifted its holdings in shares of GlobalFoundries by 95.1% during the 4th quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock worth $37,000 after acquiring an additional 500 shares during the last quarter.

Analyst Ratings Changes

GFS has been the topic of a number of analyst reports. Robert W. Baird set a $140.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Needham & Company LLC raised their price target on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Zacks Research lowered shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. UBS Group decreased their price target on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Evercore reiterated an “outperform” rating and issued a $85.00 price objective on shares of GlobalFoundries in a research report on Tuesday, May 19th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $75.11.

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.