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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $82.00, for a total value of $27,470.00. Following the completion of the sale, the insider owned 14,489 shares of the company’s stock, valued at $1,188,098. The trade was a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Down 2.7%

GlobalFoundries stock opened at $75.26 on Wednesday. The business has a fifty day moving average of $65.23 and a two-hundred day moving average of $49.92. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The firm has a market cap of $41.88 billion, a P/E ratio of 54.14, a P/E/G ratio of 2.73 and a beta of 1.77. GlobalFoundries Inc. has a twelve month low of $31.51 and a twelve month high of $92.55.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results 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. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.GlobalFoundries’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, analysts forecast 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. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%.

Hedge Funds Weigh In On GlobalFoundries

A number of large investors have recently made changes to their positions in GFS. Bessemer Group Inc. increased its position 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 purchasing an additional 2,813,548 shares in the last quarter. HRT Financial LP acquired a new position in shares of GlobalFoundries during the fourth quarter worth $62,996,000. AQR Capital Management LLC increased its position in shares of GlobalFoundries by 168.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock valued at $93,463,000 after acquiring an additional 1,635,338 shares during the period. Marshall Wace LLP increased its position in shares of GlobalFoundries by 126.0% in the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock valued at $83,180,000 after acquiring an additional 1,328,129 shares during the period. Finally, UBS Group AG increased its position in shares of GlobalFoundries by 136.7% in the 4th quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock valued at $63,178,000 after acquiring an additional 1,044,755 shares during the period.

Analyst Ratings Changes

A number of analysts have weighed in on GFS shares. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a report on Friday, May 29th. Morgan Stanley upped their target price on GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Robert W. Baird set a $100.00 target price on GlobalFoundries in a report on Wednesday, May 6th. Evercore reaffirmed an “outperform” rating and set a $85.00 price target on shares of GlobalFoundries in a research report on Tuesday, May 19th. Finally, Loop Capital set a $80.00 price target on GlobalFoundries in a research report on Monday, May 4th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.88.

GlobalFoundries Company Profile

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.