Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells $15,018.05 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $44.83, for a total value of $15,018.05. Following the completion of the transaction, the insider directly owned 9,799 shares in the company, valued at approximately $439,289.17. This trade represents a 3.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Up 2.2%

Shares of GlobalFoundries stock traded up $1.00 on Friday, reaching $46.96. 3,335,250 shares of the company’s stock were exchanged, compared to its average volume of 4,270,000. The company has a market capitalization of $25.77 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 1.46 and a beta of 1.78. GlobalFoundries Inc. has a 52 week low of $31.59 and a 52 week high of $92.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The firm’s 50-day moving average is $52.95 and its two-hundred day moving average is $59.40.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the business posted $0.42 EPS. GlobalFoundries’s revenue for the quarter was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Sell-side analysts predict that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s payout ratio is 37.50%.

Analyst Ratings Changes

Several analysts have recently commented on GFS shares. Deutsche Bank Aktiengesellschaft set a $75.00 target price on GlobalFoundries in a research note on Monday, August 10th. Evercore reaffirmed an “outperform” rating and set a $85.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 19th. UBS Group cut their price target on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Morgan Stanley reissued a “negative” rating and issued a $60.00 price objective on shares of GlobalFoundries in a research note on Thursday, August 6th. Finally, Zacks Research downgraded GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.32.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GFS. Sequoia Financial Advisors LLC purchased a new position in shares of GlobalFoundries during the second quarter valued at approximately $404,000. WINTON GROUP Ltd purchased a new stake in GlobalFoundries in the 2nd quarter valued at $363,000. NewEdge Advisors LLC lifted its stake in GlobalFoundries by 3,658.5% during the 2nd quarter. NewEdge Advisors LLC now owns 4,886 shares of the company’s stock valued at $403,000 after acquiring an additional 4,756 shares in the last quarter. Waverly Advisors LLC bought a new position in GlobalFoundries during the 2nd quarter valued at $222,000. Finally, Carmignac Gestion purchased a new position in GlobalFoundries during the 2nd quarter worth $471,000.

GlobalFoundries Company Profile

GlobalFoundries Inc (NASDAQ:GFS) is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.

The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.