Samak Azar Sells 500 Shares of GlobalFoundries (NASDAQ:GFS) Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $41.59, for a total value of $20,795.00. Following the completion of the transaction, the insider directly owned 19,494 shares in the company, valued at $810,755.46. This trade represents a 2.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

GlobalFoundries Trading Up 4.8%

Shares of NASDAQ:GFS opened at $46.08 on Wednesday. The stock has a 50 day moving average of $44.93 and a 200 day moving average of $38.78. The company has a market cap of $25.64 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. The company has a current ratio of 2.62, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 12-month low of $29.77 and a 12-month high of $50.98.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.08. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. As a group, equities research analysts expect that GlobalFoundries Inc. will post 1.31 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of GlobalFoundries from $40.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Zacks Research upgraded GlobalFoundries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. The Goldman Sachs Group upped their price objective on GlobalFoundries from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Finally, Wedbush lifted their target price on GlobalFoundries from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, GlobalFoundries presently has a consensus rating of “Hold” and a consensus price target of $46.13.

Institutional Investors Weigh In On GlobalFoundries

Large investors have recently made changes to their positions in the company. Vident Advisory LLC boosted its stake in GlobalFoundries by 5.0% during the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock valued at $215,000 after buying an additional 293 shares during the last quarter. Profund Advisors LLC grew its holdings in GlobalFoundries by 0.7% during the 3rd quarter. Profund Advisors LLC now owns 45,349 shares of the company’s stock valued at $1,625,000 after buying an additional 299 shares in the last quarter. Federation des caisses Desjardins du Quebec increased 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 acquiring an additional 305 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of 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 acquiring an additional 324 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of GlobalFoundries by 5.7% during the 2nd quarter. California State Teachers Retirement System now owns 6,480 shares of the company’s stock worth $248,000 after acquiring an additional 347 shares in the last quarter.

About GlobalFoundries

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.