Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells 335 Shares of Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $46.75, for a total transaction of $15,661.25. Following the transaction, the insider owned 10,469 shares of the company’s stock, valued at approximately $489,425.75. The trade was a 3.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Down 3.4%

Shares of NASDAQ:GFS traded down $1.58 on Friday, hitting $44.76. 3,303,303 shares of the company’s stock were exchanged, compared to its average volume of 4,303,071. The company has a market capitalization of $24.56 billion, a PE ratio of 34.97, a P/E/G ratio of 1.15 and a beta of 1.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. GlobalFoundries Inc. has a 1-year low of $31.59 and a 1-year high of $92.55. The firm’s 50-day moving average is $60.35 and its 200 day moving average is $59.52.

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

GlobalFoundries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders 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 yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s dividend payout ratio (DPR) is presently 37.50%.

Institutional Trading of GlobalFoundries

Institutional investors have recently modified their holdings of the business. Corient Private Wealth LP acquired a new position in GlobalFoundries during the second quarter worth $1,371,000. California State Teachers Retirement System grew its stake in shares of GlobalFoundries by 2,079.2% during the 2nd quarter. California State Teachers Retirement System now owns 146,772 shares of the company’s stock worth $12,095,000 after purchasing an additional 140,037 shares during the period. Greenland Capital Management LP acquired a new position in shares of GlobalFoundries during the 2nd quarter worth $683,000. HB Wealth Management LLC increased its holdings in shares of GlobalFoundries by 7.0% in the 2nd quarter. HB Wealth Management LLC now owns 5,472 shares of the company’s stock valued at $451,000 after purchasing an additional 358 shares in the last quarter. Finally, Meadowbrook Wealth Management LLC purchased a new stake in GlobalFoundries during the second quarter worth about $488,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GFS shares. UBS Group decreased their target price on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Loop Capital set a $80.00 target price on GlobalFoundries in a research note on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday. Wedbush restated a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a research note on Monday, May 4th. Finally, Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a research report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $75.11.

About GlobalFoundries

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.