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 that occurred on Thursday, June 11th. The shares were sold at an average price of $77.00, for a total value of $25,795.00. Following the sale, the insider owned 14,154 shares in the company, valued at $1,089,858. The trade was a 2.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 4.8%

Shares of NASDAQ GFS opened at $79.92 on Wednesday. The stock has a market capitalization of $44.47 billion, a P/E ratio of 57.50, a PEG ratio of 2.97 and a beta of 1.77. The stock’s 50 day moving average price is $68.90 and its two-hundred day moving average price is $51.54. GlobalFoundries Inc. has a 52-week low of $31.51 and a 52-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 posted its earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, analysts anticipate that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.6%.

Hedge Funds Weigh In On GlobalFoundries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. WealthCollab LLC grew its holdings in GlobalFoundries by 674.7% in the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after buying an additional 614 shares in the last quarter. True Wealth Design LLC grew its holdings in GlobalFoundries by 216.7% in the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after buying an additional 544 shares in the last quarter. Clearstead Advisors LLC grew its holdings in GlobalFoundries by 91.9% in the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after buying an additional 387 shares in the last quarter. Covestor Ltd grew its holdings in GlobalFoundries by 57.6% in the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after buying an additional 349 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in GlobalFoundries in the 4th quarter worth approximately $35,000.

Analysts Set New Price Targets

GFS has been the subject of several recent research reports. UBS Group upped their target price on GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “hold” rating and set a $65.00 target price on shares of GlobalFoundries in a report on Wednesday, May 6th. Evercore reaffirmed an “outperform” rating and set a $85.00 target price on shares of GlobalFoundries in a report on Tuesday, May 19th. Citigroup upped their target price on GlobalFoundries from $49.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Susquehanna upped their target price on GlobalFoundries to $125.00 and gave the company a “positive” rating in a report on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $73.29.

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.