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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $47.92, for a total value of $16,053.20. Following the completion of the transaction, the insider owned 8,794 shares in the company, valued at $421,408.48. This represents a 3.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 3.1%

Shares of NASDAQ:GFS traded up $1.49 during mid-day trading on Friday, hitting $50.17. 3,645,835 shares of the company traded hands, compared to its average volume of 4,244,077. The stock has a market cap of $27.53 billion, a P/E ratio of 39.20, a P/E/G ratio of 1.52 and a beta of 1.76. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 12-month low of $32.02 and a 12-month high of $92.55. The stock has a 50-day moving average price of $48.03 and a two-hundred day moving average price of $59.42.

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

GlobalFoundries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be paid a $0.12 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. GlobalFoundries’s dividend payout ratio is presently 37.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. TD Cowen dropped their price target on shares of GlobalFoundries from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of GlobalFoundries in a research report on Tuesday, September 8th. Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a research note on Wednesday, August 5th. Arete Research set a $95.00 target price on shares of GlobalFoundries in a research report on Wednesday, June 10th. Finally, UBS Group cut their target price on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.32.

Institutional Investors Weigh In On GlobalFoundries

Several large investors have recently made changes to their positions in GFS. FNY Investment Advisers LLC purchased a new position in shares of GlobalFoundries in the 2nd quarter worth about $60,000. Parallel Advisors LLC grew 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 buying an additional 237 shares during the period. Strategic Advocates LLC increased its holdings in GlobalFoundries by 95.1% during the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock worth $37,000 after buying an additional 500 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in GlobalFoundries during the first quarter worth about $53,000. Finally, Western Wealth Management LLC bought a new stake in GlobalFoundries in the first quarter worth about $68,000.

GlobalFoundries Company Profile

GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers’ designs and supporting them through process development, wafer fabrication, packaging, and related services.

Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.