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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $45.37, for a total transaction of $15,198.95. Following the sale, the insider directly owned 7,454 shares in the company, valued at $338,187.98. This trade represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 8.6%

Shares of NASDAQ:GFS traded down $3.95 during mid-day trading on Friday, hitting $41.90. The company had a trading volume of 5,304,448 shares, compared to its average volume of 4,404,098. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. GlobalFoundries Inc. has a one year low of $32.02 and a one year high of $92.55. The firm has a fifty day moving average price of $46.58 and a 200 day moving average price of $54.91. The company has a market capitalization of $22.99 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 1.46 and a beta of 1.77.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GFS shares. Cantor Fitzgerald restated an “overweight” rating on shares of GlobalFoundries in a research report on Thursday, October 15th. Morgan Stanley reaffirmed a “negative” rating and set a $60.00 price target on shares of GlobalFoundries in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of GlobalFoundries in a research report on Monday, August 10th. Robert W. Baird set a $140.00 price objective on GlobalFoundries in a report on Thursday, August 6th. Finally, Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a research report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, GlobalFoundries has a consensus rating of “Hold” and a consensus price target of $75.79.

Institutional Investors Weigh In On GlobalFoundries

Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in GlobalFoundries by 8,275,141.2% in the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after purchasing an additional 2,813,548 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in GlobalFoundries during the 3rd quarter worth about $40,775,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in GlobalFoundries by 322.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company’s stock valued at $31,803,000 after acquiring an additional 545,900 shares during the last quarter. Atreides Management LP acquired a new stake in GlobalFoundries during the 1st quarter worth $21,110,000. Finally, Bank of America Corp DE increased its holdings in shares of GlobalFoundries by 106.1% in the first quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock valued at $38,936,000 after purchasing an additional 450,722 shares during the period.

About GlobalFoundries

GlobalFoundries Inc (NASDAQ:GFS) is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.

GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.

The company was established in 2009 through the separation of Advanced Micro Devices’ manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.