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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $77.00, for a total transaction of $25,795.00. Following the sale, the insider owned 14,154 shares of the company’s stock, valued at approximately $1,089,858. This trade represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

Shares of NASDAQ GFS opened at $83.98 on Tuesday. The company has a market cap of $46.73 billion, a PE ratio of 60.42, a price-to-earnings-growth ratio of 2.88 and a beta of 1.77. GlobalFoundries Inc. has a 12 month low of $31.51 and a 12 month high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. The company has a 50-day simple moving average of $68.17 and a 200-day simple moving average of $51.23.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $1.63 billion during 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 company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, equities analysts anticipate that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.

GlobalFoundries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GFS shares. Citigroup lifted their price target on shares of GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Arete Research set a $95.00 target price on shares of GlobalFoundries in a research report on Wednesday, June 10th. Morgan Stanley raised their target price 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. The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 target price on shares of GlobalFoundries in a research report on Tuesday, May 5th. Finally, UBS Group raised their target price on shares of GlobalFoundries from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, GlobalFoundries has an average rating of “Hold” and a consensus price target of $73.29.

Institutional Investors Weigh In On GlobalFoundries

Several hedge funds have recently modified their holdings of GFS. Bessemer Group Inc. boosted its position in shares of GlobalFoundries by 8,275,141.2% in the first 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 during the last quarter. HRT Financial LP acquired a new stake in shares of GlobalFoundries in the fourth quarter worth approximately $62,996,000. AQR Capital Management LLC lifted its position in GlobalFoundries by 168.2% during the third quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock valued at $93,463,000 after buying an additional 1,635,338 shares in the last quarter. Marshall Wace LLP lifted its position in GlobalFoundries by 126.0% during the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock valued at $83,180,000 after buying an additional 1,328,129 shares in the last quarter. Finally, UBS Group AG lifted 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 buying an additional 1,044,755 shares in the last quarter.

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.