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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $46.80, for a total transaction of $15,678.00. Following the transaction, the insider directly owned 8,124 shares in the company, valued at $380,203.20. This trade represents a 3.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Down 4.3%

Shares of GFS traded down $2.08 during trading hours on Friday, hitting $46.68. The stock had a trading volume of 6,105,932 shares, compared to its average volume of 4,369,710. GlobalFoundries Inc. has a 1-year low of $32.02 and a 1-year high of $92.55. The firm has a market capitalization of $25.61 billion, a P/E ratio of 36.47, a price-to-earnings-growth ratio of 1.55 and a beta of 1.77. The firm has a 50 day simple moving average of $47.65 and a 200-day simple moving average of $59.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Robert W. Baird set a $140.00 price target on shares of GlobalFoundries in a research report on Thursday, August 6th. TD Cowen restated a “buy” rating and set a $75.00 price target on shares of GlobalFoundries in a research note on Thursday. Cantor Fitzgerald restated an “overweight” rating on shares of GlobalFoundries in a report on Thursday. Finally, Stifel Nicolaus began coverage on shares of GlobalFoundries in a research note on Tuesday, September 1st. They issued a “buy” rating and a $60.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.79.

Institutional Trading of GlobalFoundries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GFS. V Square Quantitative Management LLC bought a new position in shares of GlobalFoundries in the third quarter valued at approximately $30,000. Krilogy Financial LLC boosted its position in shares of GlobalFoundries by 7.9% during the third quarter. Krilogy Financial LLC now owns 5,997 shares of the company’s stock valued at $290,000 after buying an additional 441 shares during the last quarter. HBK Investments L P bought a new stake in GlobalFoundries during the second quarter worth $989,000. Sequoia Financial Advisors LLC bought a new stake in GlobalFoundries during the second quarter worth $404,000. Finally, WINTON GROUP Ltd purchased a new stake in GlobalFoundries in the 2nd quarter valued at $363,000.

Key Stories Impacting GlobalFoundries

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

GlobalFoundries Company Profile

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.