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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $57.12, for a total transaction of $19,135.20. Following the sale, the insider owned 12,144 shares of the company’s stock, valued at $693,665.28. The trade was a 2.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Down 4.0%

NASDAQ:GFS opened at $47.07 on Thursday. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month 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. The firm has a market capitalization of $25.83 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.73 and a beta of 1.76. The stock’s fifty day simple moving average is $73.68 and its 200-day simple moving average is $58.45.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 EPS 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 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 company posted $0.34 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities research analysts expect that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.

GlobalFoundries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. GlobalFoundries’s dividend payout ratio is 34.53%.

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors and hedge funds have recently modified their holdings of GFS. WealthCollab LLC raised its holdings in GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after buying an additional 614 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of GlobalFoundries in the second quarter valued at approximately $60,000. Parallel Advisors LLC boosted 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 buying an additional 237 shares during the period. Covestor Ltd increased its position in shares of GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after acquiring an additional 349 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of GlobalFoundries during the fourth quarter worth $35,000.

Key Stories Impacting GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries signed a letter of intent with the U.S. Department of Commerce for a potential $300 million CHIPS Research and Development award. The funds would accelerate development of optical materials, wafer technologies and advanced packaging for silicon photonics, which can enable faster and more power-efficient links in AI and high-performance-computing data centers. The announcement initially lifted investor sentiment and strengthens GFS’s strategic importance to U.S. semiconductor and AI infrastructure goals. US to award GlobalFoundries $300 million to develop faster AI chip links
• Positive Sentiment: At its July 28 annual meeting, shareholders approved the reported AGM decisions, after which GlobalFoundries moved to streamline its board. The changes could support a more focused governance structure, although the announcement is less financially immediate than the CHIPS funding. GlobalFoundries Streamlines Board After Shareholder-Backed AGM Decisions
• Neutral Sentiment: Analysts continue to expect earnings growth, while the company’s latest quarter exceeded EPS estimates and revenue increased year over year. However, the next reported results and guidance will likely be needed to establish a stronger near-term catalyst.
• Negative Sentiment: Insiders disclosed stock sales, including director Glenda Dorchak’s sale of 4,000 shares and Samak Azar’s sale of 335 shares. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their bearish significance, but they still represent modest selling pressure. Samak Azar Sells 335 Shares of GlobalFoundries Stock

Analyst Ratings Changes

Several research firms recently weighed in on GFS. JPMorgan Chase & Co. lifted their price objective on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. UBS Group increased their target price on shares of GlobalFoundries from $65.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Loop Capital set a $80.00 price target on shares of GlobalFoundries in a research report on Monday, May 4th. Robert W. Baird set a $100.00 price target on shares of GlobalFoundries in a report on Wednesday, May 6th. Finally, Evercore restated an “outperform” rating and issued a $85.00 price objective on shares of GlobalFoundries in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, GlobalFoundries has an average rating of “Hold” and a consensus price target of $74.62.

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.