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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $77.36, for a total transaction of $25,915.60. Following the completion of the transaction, the insider directly owned 13,149 shares of the company’s stock, valued at approximately $1,017,206.64. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed 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 4.2%

Shares of NASDAQ GFS traded down $2.87 during mid-day trading on Tuesday, hitting $66.04. The company had a trading volume of 2,694,811 shares, compared to its average volume of 4,364,923. The company has a market capitalization of $36.24 billion, a PE ratio of 47.55, a price-to-earnings-growth ratio of 2.47 and a beta of 1.76. The business’s 50-day simple moving average is $76.91 and its 200 day simple moving average is $55.71. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87.

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 firm had revenue of $1.63 billion for 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%.GlobalFoundries’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, analysts predict that GlobalFoundries Inc. will post 1.38 earnings per share for the current 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 $0.12 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. GlobalFoundries’s dividend payout ratio is presently 34.53%.

Analyst Ratings Changes

GFS has been the topic of a number of research analyst reports. Loop Capital set a $80.00 target price on GlobalFoundries in a research report on Monday, May 4th. Wedbush restated a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a research note on Monday, May 4th. Arete Research set a $95.00 price target on GlobalFoundries in a research report on Wednesday, June 10th. Needham & Company LLC boosted their price objective on GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $74.62.

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors have recently bought and sold shares of the company. WealthCollab LLC boosted its holdings in GlobalFoundries by 674.7% in the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after purchasing an additional 614 shares in the last quarter. True Wealth Design LLC raised its stake in shares of GlobalFoundries by 216.7% during 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. Covestor Ltd lifted its holdings in shares of GlobalFoundries by 57.6% in the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after buying an additional 349 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of GlobalFoundries in the fourth quarter valued at approximately $35,000. Finally, Strategic Advocates LLC raised its position in GlobalFoundries by 95.1% in the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock worth $37,000 after acquiring an additional 500 shares in the last quarter.

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.