GlobalFoundries (NASDAQ:GFS) Insider Samak Azar Sells 500 Shares

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $48.71, for a total transaction of $24,355.00. Following the completion of the sale, the insider directly owned 17,494 shares of the company’s stock, valued at $852,132.74. This represents a 2.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Price Performance

Shares of NASDAQ GFS traded up $4.83 during midday trading on Monday, reaching $59.58. The company’s stock had a trading volume of 5,832,377 shares, compared to its average volume of 3,921,074. The company has a market cap of $33.15 billion, a P/E ratio of 37.56, a P/E/G ratio of 2.16 and a beta of 1.46. GlobalFoundries Inc. has a fifty-two week low of $30.73 and a fifty-two week high of $60.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.62. The business’s 50 day moving average price is $46.15 and its two-hundred day moving average price is $40.45.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.08. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. On average, analysts forecast that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of GlobalFoundries from $40.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Zacks Research raised GlobalFoundries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. TD Cowen reissued a “buy” rating on shares of GlobalFoundries in a research note on Thursday, February 12th. The Goldman Sachs Group raised their price target on shares of GlobalFoundries from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings raised shares of GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $46.13.

Hedge Funds Weigh In On GlobalFoundries

A number of institutional investors and hedge funds have recently bought and sold shares of the company. WealthCollab LLC raised its position in GlobalFoundries by 674.7% in the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after purchasing an additional 614 shares during the last quarter. True Wealth Design LLC raised its holdings in GlobalFoundries by 216.7% in the 4th 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 grew its holdings in GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after acquiring an additional 387 shares during the last quarter. First Horizon Corp acquired a new position in GlobalFoundries in the 3rd quarter valued at approximately $33,000. Finally, Covestor Ltd raised its stake 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 acquiring an additional 349 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.