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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $48.38, for a total transaction of $16,207.30. Following the completion of the sale, the insider owned 10,804 shares of the company’s stock, valued at $522,697.52. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

NASDAQ:GFS opened at $45.95 on Tuesday. GlobalFoundries Inc. has a 1 year low of $31.59 and a 1 year high of $92.55. The firm’s fifty day simple moving average is $62.52 and its 200 day simple moving average is $59.43. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $25.21 billion, a PE ratio of 35.90, a PEG ratio of 1.21 and a beta of 1.80.

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

GlobalFoundries Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.0%. GlobalFoundries’s payout ratio is presently 37.50%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore reaffirmed an “outperform” rating and issued a $85.00 target price on shares of GlobalFoundries in a report on Tuesday, May 19th. Susquehanna upped their price target on GlobalFoundries to $125.00 and gave the stock a “positive” rating in a report on Monday, May 11th. Zacks Research cut GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. UBS Group lowered their price objective on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $70.00 target price on shares of GlobalFoundries in a research report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $75.11.

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors and hedge funds have recently added to or reduced their stakes in GFS. FNY Investment Advisers LLC bought a new stake in shares of GlobalFoundries in the 2nd quarter worth approximately $60,000. Parallel Advisors LLC increased its position in shares of 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 purchasing an additional 237 shares during the period. Covestor Ltd increased 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 purchasing an additional 349 shares during the period. Atlas Capital Advisors Inc. acquired a new position in shares of GlobalFoundries in the fourth quarter valued at $35,000. Finally, Strategic Advocates LLC raised its stake in shares of GlobalFoundries by 95.1% in the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares in 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.