Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells 335 Shares of Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $80.90, for a total value of $27,101.50. Following the completion of the transaction, the insider owned 14,824 shares in the company, valued at approximately $1,199,261.60. The trade was a 2.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Down 0.6%

Shares of GFS stock traded down $0.46 during trading hours on Monday, reaching $79.51. The company had a trading volume of 4,932,534 shares, compared to its average volume of 4,551,909. GlobalFoundries Inc. has a 12 month low of $31.51 and a 12 month high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. The business has a fifty day simple moving average of $60.18 and a 200-day simple moving average of $47.60. The company has a market cap of $44.24 billion, a price-to-earnings ratio of 57.35, a price-to-earnings-growth ratio of 2.83 and a beta of 1.77.

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

GlobalFoundries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, June 24th.

Institutional Trading of GlobalFoundries

A number of hedge funds have recently bought and sold shares of the business. Boothe Investment Group Inc. lifted its holdings in GlobalFoundries by 1.4% during the first quarter. Boothe Investment Group Inc. now owns 77,458 shares of the company’s stock worth $3,445,000 after acquiring an additional 1,092 shares during the period. Western Wealth Management LLC bought a new stake in GlobalFoundries during the first quarter worth $68,000. Bank of America Corp DE lifted its holdings in GlobalFoundries by 106.1% during the first quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after acquiring an additional 450,722 shares during the period. Janus Henderson Group PLC purchased a new stake in GlobalFoundries in the first quarter worth $1,108,000. Finally, Bull Harbor Capital LLC purchased a new stake in GlobalFoundries in the first quarter worth $430,000.

Analysts Set New Price Targets

GFS has been the topic of a number of recent research reports. Morgan Stanley raised their target price on GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Loop Capital set a $80.00 target price on GlobalFoundries in a report on Monday, May 4th. Robert W. Baird set a $100.00 target price on GlobalFoundries in a report on Wednesday, May 6th. TD Cowen restated a “buy” rating on shares of GlobalFoundries in a report on Thursday, February 12th. Finally, Evercore restated an “outperform” rating and issued a $85.00 target price on shares of GlobalFoundries in a report on Tuesday, May 19th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $69.88.

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.