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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $83.35, for a total transaction of $27,922.25. Following the sale, the insider owned 13,819 shares in the company, valued at approximately $1,151,813.65. This represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 7.7%

NASDAQ GFS traded down $6.86 on Tuesday, hitting $82.81. The company’s stock had a trading volume of 2,079,011 shares, compared to its average volume of 4,437,520. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $92.55. The company’s 50-day moving average is $72.06 and its 200 day moving average is $52.94. The firm has a market cap of $45.44 billion, a PE ratio of 59.58, a PEG ratio of 3.03 and a beta of 1.77.

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

GlobalFoundries Announces Dividend

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 of this dividend is Wednesday, June 24th. This represents a $0.48 annualized dividend and a yield of 0.6%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Robert W. Baird set a $100.00 price objective on GlobalFoundries in a research note on Wednesday, May 6th. Morgan Stanley raised their price target on shares of GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Arete Research set a $95.00 price target on shares of GlobalFoundries in a research report on Wednesday, June 10th. Loop Capital set a $80.00 price objective on shares of GlobalFoundries in a research note on Monday, May 4th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $65.00 price objective on shares of GlobalFoundries in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GlobalFoundries currently has a consensus rating of “Hold” and a consensus target price of $73.29.

Institutional Investors Weigh In On GlobalFoundries

Hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its holdings in shares of GlobalFoundries by 8,275,141.2% during the 1st 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 bought a new stake in shares of GlobalFoundries in the 4th quarter valued at $62,996,000. AQR Capital Management LLC increased its stake 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 in the last quarter. Marshall Wace LLP lifted its position in shares of GlobalFoundries by 126.0% during 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 lifted its position in shares of GlobalFoundries by 136.7% during 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.

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.