GlobalFoundries (NASDAQ:GFS) Insider Sells 335 Shares

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $46.75, for a total transaction of $15,661.25. Following the completion of the sale, the insider owned 10,469 shares in the company, valued at $489,425.75. This represents a 3.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Down 3.4%

NASDAQ GFS traded down $1.58 during trading on Friday, hitting $44.76. The company’s stock had a trading volume of 3,303,303 shares, compared to its average volume of 4,303,071. GlobalFoundries Inc. has a fifty-two week low of $31.59 and a fifty-two week 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 company has a market cap of $24.56 billion, a PE ratio of 34.97, a P/E/G ratio of 1.15 and a beta of 1.80. The business’s 50 day simple moving average is $60.35 and its 200-day simple moving average is $59.52.

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

GlobalFoundries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s payout ratio is presently 37.50%.

Wall Street Analysts Forecast Growth

GFS has been the subject of a number of research analyst reports. The Goldman Sachs Group reissued a “neutral” rating and set a $70.00 target price on shares of GlobalFoundries in a report on Tuesday, May 5th. TD Cowen decreased their target price on shares of GlobalFoundries from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Morgan Stanley restated a “negative” rating and set a $60.00 price target on shares of GlobalFoundries in a report on Thursday, August 6th. JPMorgan Chase & Co. upped 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, Jefferies Financial Group set a $60.00 price target on GlobalFoundries in a research note on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $75.11.

Institutional Trading of GlobalFoundries

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position 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 acquiring an additional 154 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after acquiring an additional 237 shares in the last quarter. Vident Advisory LLC raised its stake in shares of GlobalFoundries by 5.0% in the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock valued at $215,000 after acquiring an additional 293 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in GlobalFoundries by 9.3% in the fourth 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 during the period. Finally, The Manufacturers Life Insurance Company raised its position 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.

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.