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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $80.90, for a total value of $27,101.50. Following the completion of the sale, the insider directly owned 14,824 shares of the company’s stock, valued at $1,199,261.60. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 Performance

NASDAQ:GFS traded down $0.46 during trading hours on Monday, reaching $79.51. The stock had a trading volume of 4,932,534 shares, compared to its average volume of 4,551,909. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. The stock has a 50 day simple moving average of $60.18 and a 200 day simple moving average of $47.60. 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 $44.24 billion, a P/E ratio of 57.35, a price-to-earnings-growth ratio of 2.83 and a beta of 1.77.

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

GlobalFoundries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be given 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.

Hedge Funds Weigh In On GlobalFoundries

Several hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its position in GlobalFoundries by 8.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock worth $87,000 after buying an additional 154 shares in the last quarter. Parallel Advisors LLC grew its position in GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after buying an additional 237 shares in the last quarter. Vident Advisory LLC grew its position in GlobalFoundries by 5.0% during the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock worth $215,000 after buying an additional 293 shares in the last quarter. Profund Advisors LLC grew its position in GlobalFoundries by 0.7% during the third quarter. Profund Advisors LLC now owns 45,349 shares of the company’s stock worth $1,625,000 after buying an additional 299 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its position in GlobalFoundries by 9.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company’s stock worth $125,000 after buying an additional 305 shares in the last quarter.

Analyst Upgrades and Downgrades

GFS has been the subject of a number of recent research reports. Needham & Company LLC raised their target price on GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Loop Capital set a $80.00 price target on GlobalFoundries in a research report on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday. Evercore reiterated an “outperform” rating and issued a $85.00 price target on shares of GlobalFoundries in a research report on Tuesday, May 19th. Finally, UBS Group lifted their price target on GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, GlobalFoundries has a consensus rating of “Hold” and an average target price of $69.88.

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.