GlobalFoundries (NASDAQ:GFS) Insider Sells $13,004.70 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $38.82, for a total transaction of $13,004.70. Following the completion of the transaction, the insider owned 7,119 shares in the company, valued at $276,359.58. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Price Performance

GlobalFoundries stock opened at $38.62 on Monday. The firm has a market cap of $21.19 billion, a price-to-earnings ratio of 110.34, a P/E/G ratio of 1.27 and a beta of 1.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 1.87. GlobalFoundries Inc. has a fifty-two week low of $32.02 and a fifty-two week high of $92.55. The firm has a fifty day moving average price of $45.84 and a two-hundred day moving average price of $54.88.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. GlobalFoundries had a return on equity of 7.16% and a net margin of 2.81%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. As a group, analysts forecast that GlobalFoundries Inc. will post 1.50 earnings per share for the current year.

GlobalFoundries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Tuesday, December 22nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. GlobalFoundries’s dividend payout ratio (DPR) is 137.14%.

Analyst Upgrades and Downgrades

Several research firms recently commented on GFS. Morgan Stanley cut their target price on shares of GlobalFoundries from $60.00 to $56.00 and set an “equal weight” rating for the company in a research note on Monday, November 2nd. Citigroup decreased their price target on shares of GlobalFoundries from $58.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday. Stifel Nicolaus initiated coverage on shares of GlobalFoundries in a report on Tuesday, September 1st. They set a “buy” rating and a $60.00 price objective on the stock. Zacks Research downgraded shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Susquehanna cut their price objective on shares of GlobalFoundries from $125.00 to $110.00 and set a “positive” rating for the company in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, GlobalFoundries presently has a consensus rating of “Hold” and an average target price of $67.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. grew its stake in GlobalFoundries by 239.0% during the first quarter. Sei Investments Co. now owns 48,246 shares of the company’s stock worth $2,146,000 after buying an additional 34,014 shares during the last quarter. Bank of America Corp DE raised its stake in shares of GlobalFoundries by 106.1% in the first quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock valued at $38,936,000 after acquiring an additional 450,722 shares during the last quarter. First Trust Advisors LP raised its stake in shares of GlobalFoundries by 97.4% in the first quarter. First Trust Advisors LP now owns 264,837 shares of the company’s stock valued at $11,780,000 after acquiring an additional 130,643 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of GlobalFoundries in the 2nd quarter worth approximately $3,067,000. Finally, Janus Henderson Group PLC acquired a new position in shares of GlobalFoundries in the 1st quarter worth approximately $1,108,000.

Key Headlines Impacting GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: A Seeking Alpha article highlights improving margins and commitments that could support future growth. Another report points to a record third-quarter margin, suggesting operational progress. Margins Improve As GlobalFoundries Secures Commitments For Future Growth GlobalFoundries stock: Company posts record Q3 margin
• Positive Sentiment: TD Cowen cut its target to $60 from $75 but kept a Buy rating, while Susquehanna lowered its target to $110 from $125 and retained a positive rating. TD Cowen price-target update Susquehanna price-target update
• Neutral Sentiment: UBS, JPMorgan, and Citi lowered their targets to $43, $50, and $46, respectively, and maintained Neutral ratings. Their targets still imply potential upside from the cited $38.62 share price, but the cuts signal reduced expectations. UBS rating update JPMorgan rating update Citi rating update
• Negative Sentiment: Wedbush made a particularly steep reduction, cutting its target to $45 from $72 and citing a lower valuation multiple. The broader wave of target cuts—including reductions from Citi, JPMorgan, UBS, and TD Cowen—could reinforce concerns about GFS’s near-term valuation and outlook. Wedbush cuts GlobalFoundries price target

GlobalFoundries Company Profile

GlobalFoundries is a semiconductor foundry that manufactures integrated circuits for customers that design their own chips. Its services include wafer fabrication, process technology development, packaging support and design enablement, helping customers bring semiconductor products to market without operating their own fabrication facilities.

The company focuses on specialty technologies used in areas such as automotive electronics, communications, industrial systems, smart devices and data centers.