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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $45.72, for a total transaction of $15,316.20. Following the transaction, the insider owned 9,129 shares of the company’s stock, valued at approximately $417,377.88. This represents a 3.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 4.1%

NASDAQ GFS opened at $49.00 on Friday. GlobalFoundries Inc. has a 1-year low of $32.02 and a 1-year high of $92.55. The company has a market capitalization of $26.89 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 1.49 and a beta of 1.78. The stock’s 50 day moving average is $48.82 and its two-hundred day moving average is $59.21. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13.

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

GlobalFoundries Announces Dividend

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

Institutional Trading of GlobalFoundries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in GlobalFoundries by 8.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock valued at $87,000 after purchasing an additional 154 shares during the period. Parallel Advisors LLC grew its position in shares of GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after buying an additional 237 shares during the period. California State Teachers Retirement System grew its position in shares of GlobalFoundries by 5.3% during the 1st quarter. California State Teachers Retirement System now owns 6,735 shares of the company’s stock worth $300,000 after buying an additional 340 shares during the period. HB Wealth Management LLC raised its stake in shares of GlobalFoundries by 7.0% during the second quarter. HB Wealth Management LLC now owns 5,472 shares of the company’s stock worth $451,000 after buying an additional 358 shares during the last quarter. Finally, Strs Ohio raised its stake in shares of GlobalFoundries by 19.3% during the first quarter. Strs Ohio now owns 2,937 shares of the company’s stock worth $131,000 after buying an additional 476 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GlobalFoundries in a research note on Wednesday, August 26th. TD Cowen cut their target price 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. Deutsche Bank Aktiengesellschaft set a $75.00 target price on GlobalFoundries in a report on Monday, August 10th. Arete Research set a $95.00 price target on GlobalFoundries in a research report on Wednesday, June 10th. Finally, Robert W. Baird set a $140.00 price target on GlobalFoundries in a report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $74.32.

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.