Samak Azar Sells 335 Shares of GlobalFoundries (NASDAQ:GFS) Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $48.29, for a total transaction of $16,177.15. Following the completion of the sale, the insider owned 11,474 shares of the company’s stock, valued at $554,079.46. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 1.5%

Shares of GlobalFoundries stock opened at $50.82 on Wednesday. The company has a market cap of $27.88 billion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 1.45 and a beta of 1.80. The company’s 50 day moving average is $67.84 and its 200 day moving average is $59.02. GlobalFoundries Inc. has a twelve month low of $31.59 and a twelve month high of $92.55. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Research analysts anticipate that GlobalFoundries Inc. will post 1.39 EPS for the current year.

GlobalFoundries Dividend Announcement

The company 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. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, September 23rd. GlobalFoundries’s dividend payout ratio is 37.50%.

Institutional Trading of GlobalFoundries

Hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its position in shares of GlobalFoundries by 7.9% during the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock valued at $106,172,000 after buying an additional 217,866 shares in the last quarter. AQR Capital Management LLC increased its holdings in GlobalFoundries by 9.9% in the 4th quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after acquiring an additional 257,254 shares in the last quarter. Bessemer Group Inc. increased its holdings in GlobalFoundries by 8,275,141.2% in the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after acquiring an additional 2,813,548 shares in the last quarter. Marshall Wace LLP raised its stake in GlobalFoundries by 126.0% during the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after acquiring an additional 1,328,129 shares during the period. Finally, Squarepoint Ops LLC raised its stake in GlobalFoundries by 55.4% during the 4th quarter. Squarepoint Ops LLC now owns 2,021,035 shares of the company’s stock worth $70,575,000 after acquiring an additional 720,846 shares during the period.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Loop Capital set a $80.00 target price on GlobalFoundries in a research report on Monday, May 4th. TD Cowen lowered their price objective on shares of GlobalFoundries from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Robert W. Baird set a $140.00 price objective on shares of GlobalFoundries in a research note on Thursday, August 6th. UBS Group dropped their price objective 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. Finally, Wedbush restated a “neutral” rating and set a $50.00 target price on shares of GlobalFoundries in a research report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $75.11.

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.