GlobalFoundries (NASDAQ:GFS) Insider Sells $104,740.35 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Pradheepa Raman sold 2,145 shares of the company’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $48.83, for a total value of $104,740.35. Following the completion of the transaction, the insider directly owned 2,145 shares of the company’s stock, valued at approximately $104,740.35. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Pradheepa Raman also recently made the following trade(s):

• On Tuesday, August 18th, Pradheepa Raman sold 6,760 shares of GlobalFoundries stock. The stock was sold at an average price of $51.12, for a total value of $345,571.20.

GlobalFoundries Price Performance

GFS stock traded up $0.08 during midday trading on Tuesday, hitting $47.86. The company’s stock had a trading volume of 2,257,464 shares, compared to its average volume of 4,268,067. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 12 month low of $32.02 and a 12 month high of $92.55. The company has a 50 day moving average of $48.63 and a two-hundred day moving average of $59.30. The firm has a market capitalization of $26.26 billion, a price-to-earnings ratio of 37.39, a price-to-earnings-growth ratio of 1.56 and a beta of 1.78.

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

GlobalFoundries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s dividend payout ratio (DPR) is presently 37.50%.

Institutional Investors Weigh In On GlobalFoundries

Several large investors have recently bought and sold shares of GFS. Bessemer Group Inc. increased its position in shares of GlobalFoundries by 8,275,141.2% during the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after purchasing an additional 2,813,548 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in GlobalFoundries by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company’s stock worth $59,571,000 after buying an additional 31,590 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of GlobalFoundries by 106.1% in the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after acquiring an additional 450,722 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of GlobalFoundries by 322.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company’s stock worth $31,803,000 after acquiring an additional 545,900 shares during the last quarter. Finally, Atreides Management LP bought a new stake in shares of GlobalFoundries in the 1st quarter worth about $21,110,000.

Analyst Ratings Changes

GFS has been the topic of several research analyst reports. Jefferies Financial Group set a $60.00 price target on shares of GlobalFoundries in a research note on Wednesday, August 5th. Cantor Fitzgerald restated an “overweight” rating on shares of GlobalFoundries in a research report on Tuesday, September 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Arete Research set a $95.00 target price on GlobalFoundries in a research report on Wednesday, June 10th. Finally, Stifel Nicolaus initiated coverage on GlobalFoundries in a research note on Tuesday, September 1st. They set a “buy” rating and a $60.00 price target for the company. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.32.

GlobalFoundries Company Profile

GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers’ designs and supporting them through process development, wafer fabrication, packaging, and related services.

Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.