Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells $27,101.50 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $80.90, for a total value of $27,101.50. Following the sale, the insider owned 14,824 shares in the company, valued at approximately $1,199,261.60. The trade was a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 1.6%

GFS opened at $85.99 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. GlobalFoundries Inc. has a one year low of $31.51 and a one year high of $92.55. The business’s fifty day moving average is $62.58 and its two-hundred day moving average is $48.65. The company has a market cap of $47.85 billion, a price-to-earnings ratio of 61.86, a PEG ratio of 2.99 and a beta of 1.77.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the business earned $0.34 earnings per share. The business’s 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 anticipate that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, June 24th.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. UBS Group upped their target price on GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Needham & Company LLC upped their target price on GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Evercore reiterated an “outperform” rating and issued a $85.00 target price on shares of GlobalFoundries in a research note on Tuesday, May 19th. Finally, Susquehanna upped their target price on GlobalFoundries to $125.00 and gave the company a “positive” rating in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, GlobalFoundries presently has a consensus rating of “Hold” and a consensus price target of $69.88.

Institutional Investors Weigh In On GlobalFoundries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in GlobalFoundries by 7.9% during the third quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock worth $106,172,000 after acquiring an additional 217,866 shares during the last quarter. AQR Capital Management LLC increased its stake in GlobalFoundries by 9.9% during the fourth quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after acquiring an additional 257,254 shares during the last quarter. Bessemer Group Inc. increased its stake in GlobalFoundries by 8,275,141.2% during the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after acquiring an additional 2,813,548 shares during the last quarter. First Trust Advisors LP increased its stake in GlobalFoundries by 15.2% during the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock worth $95,315,000 after acquiring an additional 350,743 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in GlobalFoundries by 126.0% during the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after acquiring an additional 1,328,129 shares during the last quarter.

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.