GlobalFoundries (NASDAQ:GFS) Insider Pradheepa Raman Sells 6,760 Shares

GlobalFoundries Inc. (NASDAQ:GFS) insider Pradheepa Raman sold 6,760 shares of GlobalFoundries stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $51.12, for a total value of $345,571.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 2.6%

Shares of GFS opened at $47.33 on Friday. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 12-month low of $31.59 and a 12-month high of $92.55. The firm has a 50-day moving average price of $63.94 and a 200 day moving average price of $59.35. The firm has a market capitalization of $25.97 billion, a P/E ratio of 36.98, a P/E/G ratio of 1.22 and a beta of 1.80.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. GlobalFoundries’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Sell-side analysts forecast that GlobalFoundries Inc. will post 1.48 EPS for the current year.

GlobalFoundries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s payout ratio is presently 37.50%.

Hedge Funds Weigh In On GlobalFoundries

A number of hedge funds and other institutional investors have recently bought and sold shares of GFS. Proficio Capital Partners LLC acquired a new position in GlobalFoundries in the 2nd quarter valued at about $289,000. Public Employees Retirement System of Ohio acquired a new stake in shares of GlobalFoundries during the second quarter worth about $3,067,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of GlobalFoundries in the second quarter valued at approximately $207,000. FNY Investment Advisers LLC acquired a new position in shares of GlobalFoundries in the second quarter valued at approximately $60,000. Finally, CoreCap Advisors LLC grew its holdings in shares of GlobalFoundries by 41,500.0% in the second quarter. CoreCap Advisors LLC now owns 2,912 shares of the company’s stock valued at $240,000 after purchasing an additional 2,905 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. TD Cowen lowered their price objective on GlobalFoundries from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $70.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 5th. Cantor Fitzgerald raised GlobalFoundries from a “neutral” rating to an “overweight” rating and upped their price target for the company from $50.00 to $80.00 in a research note on Monday, May 4th. Wedbush reissued a “neutral” rating and set a $50.00 price objective on shares of GlobalFoundries in a research report on Monday, May 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a report on Friday, May 29th. Eight investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $75.11.

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.