GlobalFoundries (NASDAQ:GFS) Insider Sells $345,571.20 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Pradheepa Raman sold 6,760 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total transaction of $345,571.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Up 1.5%

NASDAQ GFS opened at $48.05 on Friday. The stock has a market capitalization of $26.37 billion, a P/E ratio of 37.54, a P/E/G ratio of 1.21 and a beta of 1.80. GlobalFoundries Inc. has a one year low of $31.59 and a one year high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. The business has a 50 day simple moving average of $63.28 and a 200 day simple moving average of $59.27.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data 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 net margin of 10.36% and a return on equity of 6.69%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the business posted $0.42 EPS. GlobalFoundries’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. Research analysts expect that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

GlobalFoundries Announces Dividend

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

Hedge Funds Weigh In On GlobalFoundries

Hedge funds have recently added to or reduced their stakes in the stock. WealthCollab LLC raised its stake in shares of GlobalFoundries by 674.7% in the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after purchasing an additional 614 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of GlobalFoundries during the second quarter valued at approximately $60,000. Parallel Advisors LLC boosted its position in shares of GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after buying an additional 237 shares during the last quarter. Covestor Ltd grew its holdings in GlobalFoundries by 57.6% during the fourth 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 stake in GlobalFoundries during the fourth quarter worth $35,000.

Wall Street Analysts Forecast Growth

GFS has been the subject of several recent research reports. Loop Capital set a $80.00 price objective on GlobalFoundries in a report on Monday, May 4th. Citigroup increased their target price on GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Needham & Company LLC lifted their price target on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research note on Friday, May 29th. Finally, Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, GlobalFoundries 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.