Samak Azar Sells 335 Shares of GlobalFoundries (NASDAQ:GFS) Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $44.87, for a total value of $15,031.45. Following the completion of the sale, the insider directly owned 9,464 shares in the company, valued at approximately $424,649.68. This represents a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 4.3%

NASDAQ GFS traded up $1.98 during trading hours on Friday, hitting $47.82. 6,556,561 shares of the company traded hands, compared to its average volume of 4,284,128. The business’s 50-day moving average is $50.55 and its 200-day moving average is $59.29. GlobalFoundries Inc. has a twelve month low of $32.02 and a twelve month 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 stock has a market capitalization of $26.24 billion, a price-to-earnings ratio of 37.36, a P/E/G ratio of 1.37 and a beta of 1.78.

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

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 23rd. GlobalFoundries’s payout ratio is presently 37.50%.

Institutional Investors Weigh In On GlobalFoundries

Several hedge funds have recently added to or reduced their stakes in GFS. Bessemer Group Inc. boosted its stake 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 during the period. Dimensional Fund Advisors LP raised its stake in GlobalFoundries by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company’s stock worth $59,571,000 after purchasing an additional 31,590 shares in the last quarter. Bank of America Corp DE boosted its holdings in GlobalFoundries by 106.1% in the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock valued at $38,936,000 after purchasing an additional 450,722 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in GlobalFoundries by 322.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company’s stock valued at $31,803,000 after purchasing an additional 545,900 shares during the period. Finally, Atreides Management LP acquired a new position in shares of GlobalFoundries during the 1st quarter worth approximately $21,110,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GFS shares. TD Cowen cut their price target on shares of GlobalFoundries from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Robert W. Baird set a $140.00 price objective on shares of GlobalFoundries in a research note on Thursday, August 6th. Zacks Research downgraded shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Cantor Fitzgerald reiterated an “overweight” rating on shares of GlobalFoundries in a research note on Tuesday, September 8th. Finally, UBS Group reduced their price target on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.32.

Key Stories Impacting GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Expanded Marvell agreement supports growth visibility. GlobalFoundries and Marvell Technology (NASDAQ: MRVL) expanded their multiyear manufacturing agreement to increase production of silicon-germanium (SiGe) chips at GFS’s Burlington, Vermont, facility. SiGe technology supports faster, more energy-efficient optical connections used in AI and cloud data centers, potentially improving capacity utilization and strengthening GFS’s position in specialized connectivity semiconductors. Reuters article
• Positive Sentiment: AI infrastructure demand is creating a favorable end-market catalyst. Reports characterize the agreement as a response to rising demand for high-speed optical connectivity as data-center operators expand AI networks. The additional SiGe capacity could accelerate revenue growth in a business area that is reportedly outpacing broader semiconductor markets on a percentage basis. Zacks article
• Positive Sentiment: Potential Japan-U.S. investment adds a further strategic possibility. Reports say GlobalFoundries could operate a U.S. chip plant under a Japan-backed investment arrangement. However, the report remains preliminary, so investors will likely need additional details on timing, funding, ownership and expected financial returns. Yahoo Finance article
• Neutral Sentiment: Unusually heavy call-option activity indicates increased speculative interest in GFS, but options volume alone does not establish a fundamental change in the company’s outlook.
• Neutral Sentiment: Analyst comparisons with Taiwan Semiconductor Manufacturing and Ultra Clean provide valuation and competitive context, but do not represent new company-specific developments. Company comparison article

About GlobalFoundries

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.