Insider Buying: GlobalFoundries (NASDAQ:GFS) Director Purchases $93,700.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) Director Ganesh Moorthy purchased 2,500 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were acquired at an average cost of $37.48 per share, with a total value of $93,700.00. Following the completion of the transaction, the director owned 5,500 shares in the company, valued at $206,140. This trade represents a 83.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

GlobalFoundries Price Performance

Shares of GFS opened at $38.62 on Monday. The stock has a market cap of $21.19 billion, a PE ratio of 110.34, a price-to-earnings-growth ratio of 1.27 and a beta of 1.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.58. GlobalFoundries Inc. has a fifty-two week low of $32.02 and a fifty-two week high of $92.55. The firm’s 50-day simple moving average is $45.84 and its two-hundred day simple moving average is $54.88.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results on Wednesday, November 4th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. GlobalFoundries had a net margin of 2.81% and a return on equity of 7.16%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts anticipate that GlobalFoundries Inc. will post 1.50 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 14th. Investors of record on Tuesday, December 22nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, December 22nd. GlobalFoundries’s dividend payout ratio (DPR) is 137.14%.

Institutional Trading of GlobalFoundries

A number of institutional investors have recently made changes to their positions in GFS. V Square Quantitative Management LLC bought a new position in GlobalFoundries in the 3rd quarter worth $30,000. FNY Investment Advisers LLC purchased a new position in GlobalFoundries during the second quarter valued at $60,000. Parallel Advisors LLC lifted its position in GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after purchasing an additional 237 shares in the last quarter. Global Assets Advisory LLC bought a new stake in GlobalFoundries during the first quarter valued at about $53,000. Finally, Signaturefd LLC grew its holdings in GlobalFoundries by 22.3% during the third quarter. Signaturefd LLC now owns 1,370 shares of the company’s stock valued at $66,000 after purchasing an additional 250 shares during the period.

Trending Headlines about GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: A Seeking Alpha article highlights improving margins and commitments that could support future growth. Another report points to a record third-quarter margin, suggesting operational progress. Margins Improve As GlobalFoundries Secures Commitments For Future Growth GlobalFoundries stock: Company posts record Q3 margin
• Positive Sentiment: TD Cowen cut its target to $60 from $75 but kept a Buy rating, while Susquehanna lowered its target to $110 from $125 and retained a positive rating. TD Cowen price-target update Susquehanna price-target update
• Neutral Sentiment: UBS, JPMorgan, and Citi lowered their targets to $43, $50, and $46, respectively, and maintained Neutral ratings. Their targets still imply potential upside from the cited $38.62 share price, but the cuts signal reduced expectations. UBS rating update JPMorgan rating update Citi rating update
• Negative Sentiment: Wedbush made a particularly steep reduction, cutting its target to $45 from $72 and citing a lower valuation multiple. The broader wave of target cuts—including reductions from Citi, JPMorgan, UBS, and TD Cowen—could reinforce concerns about GFS’s near-term valuation and outlook. Wedbush cuts GlobalFoundries price target

Analyst Upgrades and Downgrades

Several research firms have commented on GFS. Deutsche Bank Aktiengesellschaft set a $75.00 target price on GlobalFoundries in a report on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Wedbush lowered their price target on GlobalFoundries from $72.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday. UBS Group dropped their price target on shares of GlobalFoundries from $48.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, TD Cowen dropped their price target on shares of GlobalFoundries from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.79.

About GlobalFoundries

GlobalFoundries is a semiconductor foundry that manufactures integrated circuits for customers that design their own chips. Its services include wafer fabrication, process technology development, packaging support and design enablement, helping customers bring semiconductor products to market without operating their own fabrication facilities.

The company focuses on specialty technologies used in areas such as automotive electronics, communications, industrial systems, smart devices and data centers.