GlobalFoundries (NASDAQ:GFS) Insider Sells $23,751.50 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $70.90, for a total transaction of $23,751.50. Following the completion of the transaction, the insider directly owned 12,814 shares of the company’s stock, valued at $908,512.60. The trade was a 2.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Down 3.1%

NASDAQ:GFS opened at $61.41 on Thursday. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a twelve month low of $31.51 and a twelve month high of $92.55. The company has a market cap of $33.70 billion, a PE ratio of 44.18, a P/E/G ratio of 2.24 and a beta of 1.76. The company’s 50 day moving average is $77.03 and its two-hundred day moving average is $57.18.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. 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 year.

GlobalFoundries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, June 24th. GlobalFoundries’s payout ratio is presently 34.53%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley upped their target price on GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Zacks Research upgraded shares of GlobalFoundries from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Citigroup increased their price objective on shares of GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. UBS Group raised their target price on shares of GlobalFoundries from $65.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Susquehanna increased their price target on GlobalFoundries to $125.00 and gave the stock a “positive” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.62.

Institutional Investors Weigh In On GlobalFoundries

Several institutional investors and hedge funds have recently added to or reduced their stakes in GFS. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of GlobalFoundries during the second quarter worth $207,000. FNY Investment Advisers LLC acquired a new stake in GlobalFoundries in the 2nd quarter valued at about $60,000. CoreCap Advisors LLC lifted its stake in GlobalFoundries by 41,500.0% in the 2nd quarter. CoreCap Advisors LLC now owns 2,912 shares of the company’s stock worth $240,000 after purchasing an additional 2,905 shares in the last quarter. Meadowbrook Wealth Management LLC purchased a new position in GlobalFoundries in the 2nd quarter worth approximately $488,000. Finally, Parallel Advisors LLC boosted its holdings in shares of GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after purchasing an additional 237 shares during the last quarter.

About GlobalFoundries

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.