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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $83.35, for a total transaction of $27,922.25. Following the sale, the insider owned 13,819 shares of the company’s stock, valued at $1,151,813.65. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 0.4%

Shares of GFS stock opened at $83.70 on Thursday. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 12 month low of $31.51 and a 12 month high of $92.55. The stock has a market cap of $45.93 billion, a P/E ratio of 60.22, a P/E/G ratio of 2.95 and a beta of 1.77. The company has a 50 day simple moving average of $73.44 and a two-hundred day simple moving average of $53.58.

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 business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the company posted $0.34 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, research analysts expect that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.

GlobalFoundries Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, June 24th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. WealthCollab LLC raised its holdings in GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after acquiring an additional 614 shares during the period. True Wealth Design LLC boosted its stake in shares of GlobalFoundries by 216.7% in the fourth quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after acquiring an additional 544 shares during the period. Clearstead Advisors LLC raised its stake in GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after purchasing an additional 387 shares during the period. Covestor Ltd lifted its holdings in GlobalFoundries by 57.6% in the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after purchasing an additional 349 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in GlobalFoundries in the 4th quarter worth approximately $35,000.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GFS shares. Jefferies Financial Group reissued a “hold” rating and set a $65.00 price target on shares of GlobalFoundries in a report on Wednesday, May 6th. Morgan Stanley raised their price objective on GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Loop Capital set a $80.00 price objective on GlobalFoundries in a research report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Susquehanna increased their target price on shares of GlobalFoundries to $125.00 and gave the stock a “positive” rating in a report on Monday, May 11th. Nine equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, GlobalFoundries has a consensus rating of “Hold” and an average target price of $73.29.

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.