Glenda Dorchak Sells 4,000 Shares of GlobalFoundries (NASDAQ:GFS) Stock

GlobalFoundries Inc. (NASDAQ:GFS) Director Glenda Dorchak sold 4,000 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $58.46, for a total value of $233,840.00. Following the transaction, the director owned 18,867 shares of the company’s stock, valued at approximately $1,102,964.82. This trade represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

GlobalFoundries stock opened at $61.54 on Friday. The stock has a market cap of $34.24 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 2.38 and a beta of 1.46. The company has a current ratio of 2.62, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $47.29 and a 200-day moving average of $41.06. GlobalFoundries Inc. has a 52 week low of $31.51 and a 52 week high of $63.68.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Wednesday, February 11th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.47 by $0.08. The company 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 business’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. On average, analysts expect that GlobalFoundries Inc. will post 1.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GFS has been the subject of several research analyst reports. Wedbush increased their target price on GlobalFoundries from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Zacks Research upgraded GlobalFoundries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. The Goldman Sachs Group raised their price objective on GlobalFoundries from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Robert W. Baird raised their price objective on GlobalFoundries from $40.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Susquehanna restated a “neutral” rating and set a $50.00 price objective on shares of GlobalFoundries in a research note on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and an average price target of $46.13.

Institutional Investors Weigh In On GlobalFoundries

A number of hedge funds have recently added to or reduced their stakes in GFS. Royal Bank of Canada lifted its stake in GlobalFoundries by 4.4% in the first quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock valued at $575,000 after buying an additional 660 shares during the last quarter. AQR Capital Management LLC lifted its stake in GlobalFoundries by 77.6% in the first quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock valued at $3,679,000 after buying an additional 44,599 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in GlobalFoundries by 7,120.1% in the first quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after buying an additional 12,033 shares during the last quarter. American Century Companies Inc. lifted its stake in GlobalFoundries by 3.4% in the second quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock valued at $1,055,000 after buying an additional 903 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in GlobalFoundries in the second quarter valued at $269,000.

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.