GlobalFoundries (NASDAQ:GFS) Insider Sells 335 Shares of Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $57.12, for a total transaction of $19,135.20. Following the sale, the insider owned 12,144 shares of the company’s stock, valued at approximately $693,665.28. This trade represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 6.6%

Shares of NASDAQ:GFS traded down $3.50 during trading on Tuesday, reaching $49.68. The stock had a trading volume of 1,581,139 shares, compared to its average volume of 4,255,920. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The stock has a market cap of $27.26 billion, a P/E ratio of 35.70, a PEG ratio of 1.89 and a beta of 1.76. The business has a fifty day moving average price of $74.51 and a 200-day moving average price of $58.33. GlobalFoundries Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $92.55.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. GlobalFoundries’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, analysts anticipate that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 24th. GlobalFoundries’s dividend payout ratio is currently 34.53%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Evercore reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of GlobalFoundries in a research report on Tuesday, May 19th. Robert W. Baird set a $100.00 target price on GlobalFoundries in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “hold” rating and issued a $65.00 price target on shares of GlobalFoundries in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a report on Friday, May 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $70.00 price objective on shares of GlobalFoundries in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.62.

Institutional Trading of GlobalFoundries

A number of institutional investors have recently added to or reduced their stakes in GFS. Bessemer Group Inc. increased its holdings in GlobalFoundries by 8,275,141.2% in the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after purchasing an additional 2,813,548 shares in the last quarter. HRT Financial LP purchased a new stake in shares of GlobalFoundries in the fourth quarter worth about $62,996,000. AQR Capital Management LLC boosted its position in shares of GlobalFoundries by 168.2% in the third quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock worth $93,463,000 after buying an additional 1,635,338 shares during the period. Marshall Wace LLP grew its stake in shares of GlobalFoundries by 126.0% in the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock valued at $83,180,000 after buying an additional 1,328,129 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of GlobalFoundries by 136.7% in the fourth quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock valued at $63,178,000 after buying an additional 1,044,755 shares in 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.