GlobalFoundries (NASDAQ:GFS) Insider Samak Azar Sells 335 Shares

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $82.00, for a total value of $27,470.00. Following the completion of the transaction, the insider owned 14,489 shares of the company’s stock, valued at approximately $1,188,098. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing 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 2.8%

Shares of NASDAQ:GFS traded up $2.12 during midday trading on Monday, reaching $77.65. The company’s stock had a trading volume of 2,143,644 shares, compared to its average volume of 4,580,758. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month high of $92.55. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $63.93 and a 200-day moving average of $49.31. The firm has a market capitalization of $43.20 billion, a P/E ratio of 55.85, a PEG ratio of 2.67 and a beta of 1.77.

GlobalFoundries (NASDAQ:GFS) last posted 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 return on equity of 6.85% and a net margin of 11.40%.The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The firm’s quarterly 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 anticipate that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.

GlobalFoundries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.6%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Loop Capital set a $80.00 price target on GlobalFoundries in a report on Monday, May 4th. Wedbush restated a “neutral” rating and set a $50.00 target price on shares of GlobalFoundries in a research report on Monday, May 4th. Morgan Stanley increased their price target on shares of GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “hold” rating and set a $65.00 price objective on shares of GlobalFoundries in a research report on Wednesday, May 6th. Finally, Dbs Bank lowered GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 13th. Eight 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.88.

Institutional Trading of GlobalFoundries

A number of hedge funds and other institutional investors have recently modified their holdings of GFS. Bessemer Group Inc. raised its position in shares of GlobalFoundries by 8,275,141.2% during the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after buying an additional 2,813,548 shares during the last quarter. HRT Financial LP bought a new position in shares of GlobalFoundries in the 4th quarter valued at about $62,996,000. AQR Capital Management LLC grew its position in GlobalFoundries by 168.2% in the third quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock worth $93,463,000 after acquiring an additional 1,635,338 shares in the last quarter. Marshall Wace LLP increased its stake in GlobalFoundries by 126.0% during the fourth 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 last quarter. Finally, UBS Group AG raised its position in GlobalFoundries by 136.7% during the fourth quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock valued at $63,178,000 after purchasing an additional 1,044,755 shares during the period.

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.