Samak Azar Sells 500 Shares of GlobalFoundries (NASDAQ:GFS) Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of GlobalFoundries stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $72.19, for a total transaction of $36,095.00. Following the sale, the insider owned 15,994 shares of the company’s stock, valued at approximately $1,154,606.86. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 3.8%

Shares of GlobalFoundries stock opened at $72.15 on Wednesday. GlobalFoundries Inc. has a 1 year low of $31.51 and a 1 year high of $76.98. The firm has a market cap of $40.15 billion, a PE ratio of 51.91, a PEG ratio of 2.68 and a beta of 1.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. The company has a 50 day simple moving average of $51.81 and a two-hundred day simple moving average of $43.70.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the business posted $0.34 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Analysts expect that GlobalFoundries Inc. will post 1.37 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, June 24th. GlobalFoundries’s dividend payout ratio is presently 34.53%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GFS. JPMorgan Chase & Co. boosted their target price on GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Loop Capital set a $80.00 price target on GlobalFoundries in a research note on Monday, May 4th. Dbs Bank downgraded GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 13th. Robert W. Baird set a $100.00 price objective on GlobalFoundries in a research note on Wednesday, May 6th. Finally, Cantor Fitzgerald upgraded shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $50.00 to $80.00 in a report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.53.

Institutional Investors Weigh In On GlobalFoundries

A number of large investors have recently made changes to their positions in GFS. Rafferty Asset Management LLC increased its position in GlobalFoundries by 18.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 372,122 shares of the company’s stock valued at $13,337,000 after purchasing an additional 57,774 shares during the period. SG Americas Securities LLC boosted its stake in shares of GlobalFoundries by 997.6% during the 3rd quarter. SG Americas Securities LLC now owns 88,717 shares of the company’s stock valued at $3,180,000 after purchasing an additional 80,634 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of GlobalFoundries during the third quarter valued at about $3,308,000. First Trust Advisors LP raised its stake in GlobalFoundries by 15.2% in the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock worth $95,315,000 after buying an additional 350,743 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC purchased a new stake in GlobalFoundries in the third quarter worth about $4,769,000.

GlobalFoundries Company Profile

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.