GlobalFoundries (NASDAQ:GFS) Insider Samak Azar Sells 335 Shares

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $83.35, for a total transaction of $27,922.25. Following the sale, the insider directly owned 13,819 shares in the company, valued at $1,151,813.65. This represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

Shares of NASDAQ GFS opened at $83.39 on Wednesday. The company has a 50-day simple moving average of $72.75 and a 200-day simple moving average of $53.26. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. The company has a market cap of $45.76 billion, a PE ratio of 59.99, a price-to-earnings-growth ratio of 3.17 and a beta of 1.77. GlobalFoundries Inc. has a 12 month low of $31.51 and a 12 month high of $92.55.

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

GlobalFoundries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.6%.

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors and hedge funds have recently made changes to their positions in GFS. PNC Financial Services Group Inc. raised its holdings in shares of GlobalFoundries by 8.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock valued at $87,000 after acquiring an additional 154 shares during the period. Parallel Advisors LLC lifted its position in shares of GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after acquiring an additional 237 shares in the last quarter. Vident Advisory LLC boosted its stake in GlobalFoundries by 5.0% in the 4th quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock worth $215,000 after purchasing an additional 293 shares during the period. Federation des caisses Desjardins du Quebec boosted its stake in GlobalFoundries by 9.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company’s stock worth $125,000 after purchasing an additional 305 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in GlobalFoundries by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock worth $372,000 after purchasing an additional 324 shares in the last quarter.

Analysts Set New Price Targets

GFS has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday, May 29th. The Goldman Sachs Group restated a “neutral” rating and set a $70.00 target price on shares of GlobalFoundries in a report on Tuesday, May 5th. Needham & Company LLC upped their price target on GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Cantor Fitzgerald raised shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $50.00 to $80.00 in a research report on Monday, May 4th. Finally, Jefferies Financial Group restated a “hold” rating and set a $65.00 target price on shares of GlobalFoundries in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.29.

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.