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 on Thursday, June 4th. The stock was sold at an average price of $82.00, for a total transaction of $27,470.00. Following the transaction, the insider owned 14,489 shares in the company, valued at $1,188,098. This represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Up 2.4%

Shares of GlobalFoundries stock opened at $77.31 on Tuesday. The company’s fifty day simple moving average is $64.59 and its 200-day simple moving average is $49.63. The stock has a market capitalization of $43.02 billion, a PE ratio of 55.62, a P/E/G ratio of 2.67 and a beta of 1.77. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87.

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

GlobalFoundries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, June 24th.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Evercore restated an “outperform” rating and set a $85.00 price objective on shares of GlobalFoundries in a research report on Tuesday, May 19th. Cantor Fitzgerald upgraded shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $50.00 to $80.00 in a research report on Monday, May 4th. Needham & Company LLC raised their price objective on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. raised 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday, May 29th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.88.

Institutional Trading of GlobalFoundries

Several institutional investors and hedge funds have recently modified their holdings of GFS. Royal Bank of Canada raised its position in shares of GlobalFoundries by 4.4% during the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock valued at $575,000 after purchasing an additional 660 shares during the period. AQR Capital Management LLC increased its holdings in GlobalFoundries by 77.6% in the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock valued at $3,679,000 after acquiring an additional 44,599 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in GlobalFoundries by 7,120.1% in the 1st quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after acquiring an additional 12,033 shares during the last quarter. American Century Companies Inc. increased its holdings in GlobalFoundries by 3.4% in the 2nd quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock valued at $1,055,000 after acquiring an additional 903 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in GlobalFoundries in the 2nd quarter valued at $269,000.

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.