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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $43.24, for a total value of $14,485.40. Following the sale, the insider directly owned 10,134 shares in the company, valued at approximately $438,194.16. This trade represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 1.5%

Shares of GFS stock opened at $45.21 on Friday. GlobalFoundries Inc. has a twelve month low of $31.59 and a twelve month high of $92.55. The stock has a market cap of $24.81 billion, a P/E ratio of 35.32, a P/E/G ratio of 1.43 and a beta of 1.78. The stock has a 50 day moving average of $55.52 and a 200 day moving average of $59.35. 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 (NASDAQ:GFS) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, sell-side analysts expect that GlobalFoundries Inc. will post 1.48 EPS for the current year.

GlobalFoundries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. GlobalFoundries’s dividend payout ratio is 37.50%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Robert W. Baird set a $140.00 price target on shares of GlobalFoundries in a research report on Thursday, August 6th. UBS Group lowered their target price 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. Morgan Stanley restated a “negative” rating and set a $60.00 target price on shares of GlobalFoundries in a research report on Thursday, August 6th. Evercore restated an “outperform” rating and set a $85.00 target price on shares of GlobalFoundries in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group set a $60.00 price target on GlobalFoundries in a research note on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.32.

Hedge Funds Weigh In On GlobalFoundries

A number of large investors have recently added to or reduced their stakes in the stock. Covestor Ltd increased its stake in shares of GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after purchasing an additional 349 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in GlobalFoundries in the 4th quarter valued at about $35,000. Strategic Advocates LLC lifted its position 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 acquiring an additional 500 shares in the last quarter. Parallel Advisors LLC boosted its stake in 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. Finally, Farther Finance Advisors LLC boosted its position in GlobalFoundries by 216.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,444 shares of the company’s stock worth $50,000 after acquiring an additional 988 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.