GlobalFoundries (NASDAQ:GFS) Insider Sells $25,795.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’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 completion of the sale, the insider directly owned 14,154 shares in the company, valued at approximately $1,089,858. The trade was a 2.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 0.9%

Shares of GFS opened at $80.64 on Thursday. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 12 month low of $31.51 and a 12 month high of $92.55. The stock’s 50 day moving average is $69.64 and its two-hundred day moving average is $51.86. The firm has a market cap of $44.25 billion, a P/E ratio of 58.01, a PEG ratio of 2.82 and a beta of 1.77.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company earned $0.34 earnings per share. GlobalFoundries’s quarterly revenue was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Analysts predict that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in GlobalFoundries by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock valued at $87,000 after purchasing an additional 154 shares in the last quarter. Parallel Advisors LLC lifted its holdings in GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after purchasing an additional 237 shares in the last quarter. Vident Advisory LLC lifted its holdings in GlobalFoundries by 5.0% in the 4th quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock valued at $215,000 after purchasing an additional 293 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in GlobalFoundries by 9.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company’s stock valued at $125,000 after purchasing an additional 305 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in GlobalFoundries by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock valued at $372,000 after purchasing an additional 324 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on GFS shares. Needham & Company LLC raised their price objective on GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a report on Friday, May 29th. Jefferies Financial Group reissued a “hold” rating and issued a $65.00 price objective on shares of GlobalFoundries in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price objective on GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Susquehanna lifted their price target on GlobalFoundries to $125.00 and gave the stock a “positive” rating in a research note on Monday, May 11th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus 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.