Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells 500 Shares of Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $74.82, for a total transaction of $37,410.00. Following the completion of the transaction, the insider owned 15,494 shares in the company, valued at approximately $1,159,261.08. This represents a 3.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Down 5.5%

Shares of NASDAQ GFS traded down $3.92 during midday trading on Monday, hitting $67.11. The stock had a trading volume of 2,359,985 shares, compared to its average volume of 4,093,992. The business’s 50 day moving average is $53.32 and its 200-day moving average is $44.50. The company has a market cap of $37.34 billion, a P/E ratio of 48.36, a PEG ratio of 2.51 and a beta of 1.71. GlobalFoundries Inc. has a 52 week low of $31.51 and a 52 week high of $76.98. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, analysts predict that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, June 24th.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Loop Capital set a $80.00 price objective on shares of GlobalFoundries in a report on Monday, May 4th. TD Cowen reissued a “buy” rating on shares of GlobalFoundries in a report on Thursday, February 12th. Citigroup boosted their price objective on shares of GlobalFoundries from $49.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Zacks Research raised shares of GlobalFoundries from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, GlobalFoundries has an average rating of “Hold” and an average price target of $67.53.

Institutional Trading of GlobalFoundries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WealthCollab LLC increased 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 buying an additional 614 shares during the last quarter. True Wealth Design LLC increased 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 purchasing an additional 544 shares in the last quarter. Clearstead Advisors LLC increased its stake in shares of GlobalFoundries by 91.9% in the third quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after purchasing an additional 387 shares in the last quarter. First Horizon Corp purchased a new stake in shares of GlobalFoundries in the third quarter worth $33,000. Finally, Covestor Ltd increased 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 purchasing an additional 349 shares in the last quarter.

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.