GlobalFoundries (NASDAQ:GFS) Insider Samak Azar Sells 335 Shares

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $87.02, for a total transaction of $29,151.70. Following the sale, the insider owned 13,484 shares in the company, valued at approximately $1,173,377.68. This trade represents a 2.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

GFS stock traded up $1.22 during midday trading on Monday, reaching $81.00. The company had a trading volume of 2,916,487 shares, compared to its average volume of 4,405,976. The firm has a market capitalization of $44.44 billion, a PE ratio of 58.27, a P/E/G ratio of 2.82 and a beta of 1.77. The stock has a 50 day moving average price of $74.83 and a 200 day moving average price of $54.19. GlobalFoundries Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $92.55. 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 (NASDAQ:GFS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.63 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Analysts anticipate that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.

GlobalFoundries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, June 24th. GlobalFoundries’s dividend payout ratio is 34.53%.

Analysts Set New Price Targets

GFS has been the subject of several research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $70.00 target price on shares of GlobalFoundries in a research note on Tuesday, May 5th. Arete Research set a $95.00 price objective on shares of GlobalFoundries in a research report on Wednesday, June 10th. Morgan Stanley upped 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. Cantor Fitzgerald raised shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $50.00 to $80.00 in a research note on Monday, May 4th. Finally, Robert W. Baird set a $100.00 price objective on shares of GlobalFoundries in a research report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.29.

Institutional Investors Weigh In On GlobalFoundries

A number of institutional investors have recently added to or reduced their stakes in GFS. PNC Financial Services Group Inc. grew its holdings in shares of GlobalFoundries by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock worth $87,000 after purchasing an additional 154 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after purchasing an additional 237 shares in the last quarter. Vident Advisory LLC increased its stake in shares of GlobalFoundries by 5.0% in the 4th 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 period. Federation des caisses Desjardins du Quebec raised its holdings in GlobalFoundries by 9.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company’s stock worth $125,000 after purchasing an additional 305 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of GlobalFoundries by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock worth $372,000 after buying an additional 324 shares during the last quarter.

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.