GlobalFoundries (NASDAQ:GFS) Insider Sells $21,480.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $42.96, for a total value of $21,480.00. Following the sale, the insider directly owned 18,494 shares of the company’s stock, valued at $794,502.24. This represents a 2.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Up 8.8%

NASDAQ GFS opened at $47.80 on Thursday. The business has a 50 day simple moving average of $45.07 and a 200 day simple moving average of $39.65. GlobalFoundries Inc. has a one year low of $30.30 and a one year high of $50.98. The stock has a market capitalization of $26.60 billion, a P/E ratio of 30.06, a P/E/G ratio of 1.73 and a beta of 1.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.62 and a quick ratio of 1.95.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.08. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.80 billion. GlobalFoundries had a return on equity of 6.86% and a net margin of 13.05%.The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. Research analysts expect that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GFS shares. Susquehanna reaffirmed a “neutral” rating and set a $50.00 target price on shares of GlobalFoundries in a research report on Thursday, February 12th. The Goldman Sachs Group upped their target price on GlobalFoundries from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Weiss Ratings raised GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. TD Cowen reaffirmed a “buy” rating on shares of GlobalFoundries in a research report on Thursday, February 12th. Finally, Wedbush upped their target price on GlobalFoundries from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and an average price target of $46.13.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GFS. WealthCollab LLC boosted its position in shares of GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after buying an additional 614 shares during the last quarter. True Wealth Design LLC boosted its position in shares of GlobalFoundries by 216.7% during the fourth quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after buying an additional 544 shares during the last quarter. Clearstead Advisors LLC boosted its position in shares of GlobalFoundries by 91.9% during the third quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after buying an additional 387 shares during the last quarter. First Horizon Corp purchased a new position in shares of GlobalFoundries during the third quarter valued at approximately $33,000. Finally, Covestor Ltd boosted its position in shares of GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after buying an additional 349 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.