GlobalFoundries (NASDAQ:GFS) Insider Sells $37,410.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $74.82, for a total transaction of $37,410.00. Following the completion of the transaction, the insider owned 15,494 shares of the company’s stock, valued at approximately $1,159,261.08. This represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 6.2%

GFS stock opened at $70.79 on Thursday. The firm has a market cap of $39.39 billion, a PE ratio of 50.93, a P/E/G ratio of 2.36 and a beta of 1.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. The firm’s fifty day moving average is $54.57 and its 200 day moving average is $45.21. GlobalFoundries Inc. has a one year low of $31.51 and a one year high of $76.98.

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

GlobalFoundries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%.

Wall Street Analyst Weigh In

GFS has been the subject of a number of recent analyst reports. Dbs Bank cut GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 13th. Susquehanna increased their target price on GlobalFoundries to $125.00 and gave the company a “positive” rating in a research report on Monday, May 11th. Wedbush reissued a “neutral” rating and issued a $50.00 price target on shares of GlobalFoundries in a research note on Monday, May 4th. Loop Capital set a $80.00 price target on shares of GlobalFoundries in a report on Monday, May 4th. Finally, Zacks Research upgraded shares of GlobalFoundries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $69.88.

Institutional Investors Weigh In On GlobalFoundries

Large investors have recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in shares of GlobalFoundries by 8,275,141.2% during the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after buying an additional 2,813,548 shares in the last quarter. HRT Financial LP acquired a new stake in shares of GlobalFoundries in the fourth quarter valued at about $62,996,000. AQR Capital Management LLC lifted its stake in shares of GlobalFoundries by 168.2% in the third quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock worth $93,463,000 after buying an additional 1,635,338 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of GlobalFoundries by 126.0% in the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after buying an additional 1,328,129 shares in the last quarter. Finally, UBS Group AG boosted its position in GlobalFoundries by 136.7% during the fourth quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock worth $63,178,000 after acquiring an additional 1,044,755 shares during 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.