GlobalFoundries (NASDAQ:GFS) Insider Sells $15,018.05 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $44.83, for a total value of $15,018.05. Following the transaction, the insider owned 9,799 shares of the company’s stock, valued at $439,289.17. This represents a 3.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Price Performance

GFS stock opened at $46.95 on Monday. GlobalFoundries Inc. has a 52 week low of $31.59 and a 52 week high of $92.55. The firm has a market capitalization of $25.76 billion, a P/E ratio of 36.68, a price-to-earnings-growth ratio of 1.49 and a beta of 1.78. The company has a fifty day simple moving average of $52.49 and a two-hundred day simple moving average of $59.40. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Analysts anticipate that GlobalFoundries Inc. will post 1.48 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

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

Institutional Trading of GlobalFoundries

A number of institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in GlobalFoundries during the second quarter valued at approximately $60,000. Parallel Advisors LLC boosted its stake in 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 acquiring an additional 237 shares in the last quarter. Covestor Ltd grew its holdings in GlobalFoundries by 57.6% in the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after purchasing an additional 349 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in GlobalFoundries in the fourth quarter worth $35,000. Finally, Strategic Advocates LLC increased its position in shares of GlobalFoundries by 95.1% during the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock worth $37,000 after purchasing an additional 500 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GFS shares. Deutsche Bank Aktiengesellschaft set a $75.00 target price on GlobalFoundries in a report on Monday, August 10th. Stifel Nicolaus began coverage on GlobalFoundries in a report on Tuesday, September 1st. They issued a “buy” rating and a $60.00 price objective for the company. Morgan Stanley reaffirmed a “negative” rating and issued a $60.00 price objective on shares of GlobalFoundries in a research note on Thursday, August 6th. Evercore reiterated an “outperform” rating and set a $85.00 target price on shares of GlobalFoundries in a report on Tuesday, May 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a research report on Wednesday, August 26th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.32.

About GlobalFoundries

GlobalFoundries Inc (NASDAQ:GFS) is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.

The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.