Samak Azar Sells 500 Shares of GlobalFoundries (NASDAQ:GFS) Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $74.82, for a total transaction of $37,410.00. Following the transaction, the insider directly owned 15,494 shares of the company’s stock, valued at approximately $1,159,261.08. This represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a filing 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 Trading Down 1.7%

NASDAQ GFS opened at $66.68 on Wednesday. GlobalFoundries Inc. has a one year low of $31.51 and a one year high of $76.98. The company has a 50-day simple moving average of $54.10 and a 200-day simple moving average of $44.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. The firm has a market capitalization of $37.10 billion, a PE ratio of 47.97, a price-to-earnings-growth ratio of 2.40 and a beta of 1.71.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the business posted $0.34 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, equities analysts forecast that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.

GlobalFoundries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be given a $0.12 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 annualized dividend and a yield of 0.7%.

Institutional Trading of GlobalFoundries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rafferty Asset Management LLC raised its position in shares of GlobalFoundries by 18.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 372,122 shares of the company’s stock worth $13,337,000 after buying an additional 57,774 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in shares of GlobalFoundries during the 3rd quarter worth about $3,308,000. First Trust Advisors LP raised its holdings in shares of GlobalFoundries by 15.2% in the 3rd quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock worth $95,315,000 after purchasing an additional 350,743 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of GlobalFoundries in the 3rd quarter worth approximately $4,769,000. Finally, NEOS Investment Management LLC raised its holdings in shares of GlobalFoundries by 81.4% in the 3rd quarter. NEOS Investment Management LLC now owns 184,765 shares of the company’s stock worth $6,622,000 after purchasing an additional 82,890 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GFS. Loop Capital set a $80.00 price objective on shares of GlobalFoundries in a research report on Monday, May 4th. Wedbush reiterated a “neutral” rating and issued a $50.00 price objective on shares of GlobalFoundries in a research report on Monday, May 4th. JPMorgan Chase & Co. lifted their price objective on shares of GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $100.00 price objective on shares of GlobalFoundries in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald upgraded shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $50.00 to $80.00 in a research report on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.88.

GlobalFoundries Company Profile

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.