GlobalFoundries (NASDAQ:GFS) Insider Sells $20,795.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $41.59, for a total transaction of $20,795.00. Following the transaction, the insider owned 19,494 shares of the company’s stock, valued at approximately $810,755.46. This represents a 2.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

GlobalFoundries Stock Performance

GFS opened at $46.74 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.62. The stock has a market capitalization of $26.01 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 1.82 and a beta of 1.47. The company has a fifty day moving average of $45.04 and a 200 day moving average of $38.84. GlobalFoundries Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $50.98.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.47 by $0.08. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. As a group, sell-side analysts forecast that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on GFS shares. Bank of America increased their price target on GlobalFoundries from $33.00 to $37.00 and gave the company an “underperform” rating in a research note on Thursday, December 4th. Susquehanna reaffirmed a “neutral” rating and issued a $50.00 price objective on shares of GlobalFoundries in a research note on Thursday, February 12th. Weiss Ratings raised GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Morgan Stanley set a $43.00 price target on shares of GlobalFoundries in a research note on Monday, February 9th. Finally, The Goldman Sachs Group increased their price objective on shares of GlobalFoundries from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Six research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, GlobalFoundries currently has a consensus rating of “Hold” and an average target price of $46.13.

Institutional Investors Weigh In On GlobalFoundries

Several institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its holdings in shares of GlobalFoundries by 388.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 19,072 shares of the company’s stock worth $666,000 after purchasing an additional 15,167 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in GlobalFoundries by 1,817.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,423 shares of the company’s stock valued at $224,000 after buying an additional 6,088 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in GlobalFoundries by 85.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 29,768 shares of the company’s stock worth $1,040,000 after buying an additional 13,718 shares during the last quarter. Vident Advisory LLC lifted its position in GlobalFoundries by 5.0% in the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock worth $215,000 after buying an additional 293 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in GlobalFoundries during the fourth quarter worth $67,000.

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.