GlobalFoundries (NASDAQ:GFS) Insider Sells $25,795.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $77.00, for a total transaction of $25,795.00. Following the sale, the insider owned 14,154 shares of the company’s stock, valued at $1,089,858. The trade was a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

Shares of NASDAQ:GFS traded up $2.61 on Monday, hitting $83.99. 1,464,001 shares of the company were exchanged, compared to its average volume of 4,510,542. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $92.55. The stock’s 50 day moving average price is $67.37 and its 200 day moving average price is $50.88. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $46.73 billion, a P/E ratio of 60.47, a price-to-earnings-growth ratio of 2.88 and a beta of 1.77.

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. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the company earned $0.34 EPS. GlobalFoundries’s quarterly revenue was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Sell-side analysts predict that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, June 24th. GlobalFoundries’s dividend payout ratio is 34.53%.

Wall Street Analyst Weigh In

GFS has been the topic of several research reports. Wedbush reiterated a “neutral” rating and issued a $50.00 price target on shares of GlobalFoundries in a report on Monday, May 4th. Morgan Stanley increased their price target on shares of GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Needham & Company LLC increased their price target on shares of GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a report on Friday, May 29th. Finally, Cantor Fitzgerald upgraded GlobalFoundries from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $50.00 to $80.00 in a research report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $73.29.

Institutional Investors Weigh In On GlobalFoundries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after purchasing an additional 237 shares during the period. Boothe Investment Group Inc. grew its stake in shares of GlobalFoundries by 1.4% during the 1st quarter. Boothe Investment Group Inc. now owns 77,458 shares of the company’s stock worth $3,445,000 after purchasing an additional 1,092 shares during the period. Western Wealth Management LLC acquired a new stake in shares of GlobalFoundries during the 1st quarter worth approximately $68,000. Bank of America Corp DE grew its stake in shares of GlobalFoundries by 106.1% during the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after purchasing an additional 450,722 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in shares of GlobalFoundries during the 1st quarter worth approximately $1,108,000.

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.