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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $44.83, for a total transaction of $15,018.05. Following the completion of the transaction, the insider owned 9,799 shares in the company, valued at approximately $439,289.17. The trade was a 3.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 2.2%

NASDAQ:GFS opened at $46.95 on Friday. 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 $25.76 billion, a P/E ratio of 36.68, a P/E/G ratio of 1.46 and a beta of 1.78. GlobalFoundries Inc. has a fifty-two week low of $31.59 and a fifty-two week high of $92.55. The firm has a 50-day simple moving average of $52.49 and a two-hundred day simple moving average of $59.31.

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

GlobalFoundries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. GlobalFoundries’s dividend payout ratio (DPR) is 37.50%.

Institutional Trading of GlobalFoundries

Large investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC purchased a new position in shares of GlobalFoundries during the 2nd quarter valued at $60,000. Parallel Advisors LLC lifted its position in shares of GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after acquiring an additional 237 shares in the last quarter. Covestor Ltd boosted its stake in shares of GlobalFoundries by 57.6% in the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after acquiring an additional 349 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of GlobalFoundries during the fourth quarter worth about $35,000. Finally, Strategic Advocates LLC grew its position in shares of GlobalFoundries by 95.1% during the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock worth $37,000 after purchasing an additional 500 shares in the last quarter.

Wall Street Analysts Forecast Growth

GFS has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Morgan Stanley reaffirmed a “negative” rating and issued a $60.00 target price on shares of GlobalFoundries in a research report on Thursday, August 6th. Stifel Nicolaus began coverage on shares of GlobalFoundries in a research note on Tuesday, September 1st. They set a “buy” rating and a $60.00 target price for the company. Evercore reissued an “outperform” rating and set a $85.00 price target on shares of GlobalFoundries in a report on Tuesday, May 19th. Finally, TD Cowen dropped their price target on GlobalFoundries from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, GlobalFoundries currently has a consensus rating of “Hold” and a consensus target price of $74.32.

About GlobalFoundries

GlobalFoundries Inc (NASDAQ:GFS) is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.

The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.