Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells 500 Shares of Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $72.19, for a total transaction of $36,095.00. Following the completion of the transaction, the insider owned 15,994 shares in the company, valued at $1,154,606.86. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Up 0.9%

GFS stock traded up $0.67 during mid-day trading on Monday, reaching $74.79. The company had a trading volume of 2,395,919 shares, compared to its average volume of 4,141,046. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. The company has a market capitalization of $41.62 billion, a PE ratio of 53.84, a price-to-earnings-growth ratio of 2.90 and a beta of 1.71. The firm has a 50 day moving average of $50.25 and a 200 day moving average of $42.88. GlobalFoundries Inc. has a 12 month low of $31.51 and a 12 month high of $76.98.

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

GlobalFoundries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, June 24th.

Institutional Investors Weigh In On GlobalFoundries

A number of hedge funds and other institutional investors have recently bought and sold shares of GFS. Rafferty Asset Management LLC raised its holdings in shares of GlobalFoundries by 18.4% during the third quarter. Rafferty Asset Management LLC now owns 372,122 shares of the company’s stock worth $13,337,000 after purchasing an additional 57,774 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of GlobalFoundries by 997.6% during the third quarter. SG Americas Securities LLC now owns 88,717 shares of the company’s stock worth $3,180,000 after purchasing an additional 80,634 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in shares of GlobalFoundries during the third quarter worth $3,308,000. First Trust Advisors LP raised its holdings in shares of GlobalFoundries by 15.2% during the third 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 during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in shares of GlobalFoundries during the third quarter worth $4,769,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GFS shares. Wedbush reiterated a “neutral” rating and set a $50.00 price objective on shares of GlobalFoundries in a research note on Monday, May 4th. Loop Capital set a $80.00 price objective on shares of GlobalFoundries in a research note on Monday, May 4th. Susquehanna reiterated a “positive” rating and set a $125.00 price objective on shares of GlobalFoundries in a research note on Monday. Dbs Bank downgraded shares of GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $67.53.

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.