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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $46.80, for a total value of $15,678.00. Following the completion of the transaction, the insider owned 8,124 shares of the company’s stock, valued at approximately $380,203.20. This trade represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

Shares of NASDAQ:GFS traded down $2.08 during midday trading on Friday, reaching $46.68. 6,105,932 shares of the company traded hands, compared to its average volume of 5,153,266. 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 firm has a market capitalization of $25.61 billion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 1.55 and a beta of 1.77. The firm’s fifty day moving average price is $47.51 and its two-hundred day moving average price is $59.65.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data 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 analysts’ expectations of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, equities analysts expect that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

Hedge Funds Weigh In On GlobalFoundries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its stake in GlobalFoundries by 8.6% in the 1st 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 position in shares of GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after acquiring an additional 237 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of GlobalFoundries by 5.3% during the 1st quarter. California State Teachers Retirement System now owns 6,735 shares of the company’s stock valued at $300,000 after acquiring an additional 340 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of GlobalFoundries by 7.0% during the second quarter. HB Wealth Management LLC now owns 5,472 shares of the company’s stock worth $451,000 after purchasing an additional 358 shares in the last quarter. Finally, Krilogy Financial LLC grew its holdings in shares of GlobalFoundries by 7.9% during the third quarter. Krilogy Financial LLC now owns 5,997 shares of the company’s stock worth $290,000 after purchasing an additional 441 shares in the last quarter.

More GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries will build two chip fabs in Malta, New York, with up to $21 billion in Japanese funding. The company is expected to operate the facilities without bearing the full construction cost, potentially improving the economics of future capacity expansion. Apple, General Motors, Cirrus Logic and Renesas are reportedly lined up as customers ahead of a planned 2029 start. GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
• Positive Sentiment: The Trump administration plans to increase its equity stake in GlobalFoundries from 3% to 7%, strengthening government support and aligning the company with U.S. semiconductor manufacturing and supply-chain priorities. Trump administration doubles its equity stake in GlobalFoundries
• Positive Sentiment: Samsung may add GlobalFoundries as a display-chip supplier to address Galaxy phone production issues, offering a potential near-term customer and revenue opportunity. Samsung may add GlobalFoundries as display chip supplier
• Positive Sentiment: TD Cowen reaffirmed its “buy” rating with a $75 price target, while Wedbush maintained a $72 target, indicating substantial upside in both analysts’ estimates. GlobalFoundries analyst ratings
• Neutral Sentiment: The stock’s retreat follows a sharp advance triggered by the U.S.-Japan manufacturing announcement. Investors appear to be reassessing the deal’s benefits rather than treating it as an immediate earnings catalyst. GlobalFoundries shares retreat as investors weigh US-Japan manufacturing deal
• Negative Sentiment: The new fabs are not expected to begin operating until 2029, leaving substantial construction, customer-ramp and execution risk before the investment can materially affect results. The market’s reaction indicates some investors are focused on this long lead time and the uncertainty surrounding the expanded government involvement. GlobalFoundries falls after Trump administration doubles its equity stake

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of GlobalFoundries in a research note on Monday, August 10th. BNP Paribas Exane lowered shares of GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 target price on the stock. in a report on Monday, October 5th. Morgan Stanley reiterated a “negative” rating and issued a $60.00 target price on shares of GlobalFoundries in a research note on Thursday, August 6th. Finally, TD Cowen reiterated a “buy” rating and issued a $75.00 target price on shares of GlobalFoundries in a research note on Thursday. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $75.79.

About GlobalFoundries

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.