GlobalFoundries (NASDAQ:GFS) Insider Sells $16,177.15 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $48.29, for a total value of $16,177.15. Following the transaction, the insider owned 11,474 shares of the company’s stock, valued at approximately $554,079.46. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 4.6%

GFS opened at $53.18 on Thursday. The business has a 50 day moving average of $67.18 and a 200-day moving average of $59.08. The stock has a market capitalization of $29.18 billion, a price-to-earnings ratio of 41.55, a P/E/G ratio of 1.45 and a beta of 1.80. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 1-year low of $31.59 and a 1-year high of $92.55.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. GlobalFoundries’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, sell-side analysts anticipate that GlobalFoundries Inc. will post 1.41 earnings per share for the current year.

GlobalFoundries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. GlobalFoundries’s payout ratio is presently 37.50%.

Institutional Trading of GlobalFoundries

Several institutional investors have recently made changes to their positions in the business. WealthCollab LLC lifted its stake in GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after purchasing an additional 614 shares during the period. Covestor Ltd boosted its holdings in GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after purchasing an additional 349 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of GlobalFoundries in the 4th quarter valued at approximately $35,000. Strategic Advocates LLC grew its stake in shares of GlobalFoundries by 95.1% in the 4th quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after buying an additional 237 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GFS shares. Zacks Research cut shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. TD Cowen lowered their price target on GlobalFoundries from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Evercore restated an “outperform” rating and set a $85.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on GlobalFoundries in a research report on Monday. Finally, UBS Group lowered their price objective on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $75.11.

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.