GlobalFoundries (NASDAQ:GFS) Insider Samak Azar Sells 335 Shares of Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $43.24, for a total value of $14,485.40. Following the completion of the sale, the insider owned 10,134 shares of the company’s stock, valued at $438,194.16. The trade was a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Up 1.5%

NASDAQ:GFS opened at $45.21 on Friday. GlobalFoundries Inc. has a one year low of $31.59 and a one year high of $92.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The firm has a market cap of $24.81 billion, a P/E ratio of 35.32, a P/E/G ratio of 1.41 and a beta of 1.78. The firm has a 50-day simple moving average of $55.52 and a 200-day simple moving average of $59.35.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Equities analysts anticipate that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s dividend payout ratio (DPR) is 37.50%.

Institutional Investors Weigh In On GlobalFoundries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GFS. PNC Financial Services Group Inc. grew its stake in shares of GlobalFoundries by 8.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock worth $87,000 after acquiring an additional 154 shares during the last quarter. Parallel Advisors LLC boosted its stake in GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after purchasing an additional 237 shares in the last quarter. Vident Advisory LLC boosted its stake in GlobalFoundries by 5.0% in the 4th quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock worth $215,000 after purchasing an additional 293 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its position in GlobalFoundries by 9.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company’s stock worth $125,000 after purchasing an additional 305 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in GlobalFoundries by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock valued at $372,000 after purchasing an additional 324 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GFS shares. Morgan Stanley reaffirmed a “negative” rating and set a $60.00 price objective on shares of GlobalFoundries in a research report on Thursday, August 6th. Robert W. Baird set a $140.00 price target on shares of GlobalFoundries in a research report on Thursday, August 6th. Susquehanna raised their price target on shares of GlobalFoundries to $125.00 and gave the company a “positive” rating in a report on Monday, May 11th. TD Cowen cut their price objective on shares of GlobalFoundries from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a research report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $74.32.

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.