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, September 10th. The stock was sold at an average price of $44.83, for a total value of $15,018.05. Following the completion of the sale, the insider owned 9,799 shares of the company’s stock, valued at $439,289.17. This trade represents a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

Shares of NASDAQ GFS opened at $46.95 on Friday. GlobalFoundries Inc. has a 1 year low of $31.59 and a 1 year high of $92.55. The firm has a market cap of $25.76 billion, a P/E ratio of 36.68, a PEG ratio of 1.49 and a beta of 1.78. The stock has a fifty day moving average price of $52.49 and a two-hundred day moving average price of $59.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The company 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 company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Research analysts forecast that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

The firm 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. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s dividend payout ratio is presently 37.50%.

Hedge Funds Weigh In On GlobalFoundries

Institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new stake in GlobalFoundries during the second quarter valued at about $60,000. Parallel Advisors LLC boosted its holdings 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 buying an additional 237 shares during the period. Covestor Ltd increased its position in shares of GlobalFoundries by 57.6% in the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after acquiring an additional 349 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of GlobalFoundries in the fourth quarter worth approximately $35,000. Finally, Strategic Advocates LLC raised its holdings in shares of GlobalFoundries by 95.1% during the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock valued at $37,000 after acquiring an additional 500 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Zacks Research cut shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Stifel Nicolaus initiated coverage on shares of GlobalFoundries in a report on Tuesday, September 1st. They issued a “buy” rating and a $60.00 target price on the stock. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of GlobalFoundries in a research note on Monday, August 10th. UBS Group reduced their target price on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Finally, Morgan Stanley restated a “negative” rating and issued a $60.00 price target on shares of GlobalFoundries in a research report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.32.

About GlobalFoundries

GlobalFoundries Inc (NASDAQ:GFS) is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.

The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.