Insider Selling: GlobalFoundries (NASDAQ:GFS) Director Sells $232,880.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $58.22, for a total value of $232,880.00. Following the sale, the director owned 14,867 shares in the company, valued at approximately $865,556.74. This represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Price Performance

Shares of GlobalFoundries stock traded down $3.33 on Tuesday, reaching $49.85. The stock had a trading volume of 1,321,056 shares, compared to its average volume of 4,254,011. GlobalFoundries Inc. has a 1 year low of $31.51 and a 1 year high of $92.55. The company has a market cap of $27.36 billion, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 1.89 and a beta of 1.76. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $74.51 and its two-hundred day moving average is $58.33.

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

GlobalFoundries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. GlobalFoundries’s dividend payout ratio is presently 34.53%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. purchased a new position in GlobalFoundries in the 2nd quarter worth $207,000. FNY Investment Advisers LLC purchased a new stake in GlobalFoundries during the 2nd quarter valued at about $60,000. CoreCap Advisors LLC grew its position in GlobalFoundries by 41,500.0% during the 2nd quarter. CoreCap Advisors LLC now owns 2,912 shares of the company’s stock worth $240,000 after acquiring an additional 2,905 shares during the last quarter. Meadowbrook Wealth Management LLC purchased a new position in GlobalFoundries in the 2nd quarter worth approximately $488,000. Finally, Parallel Advisors LLC lifted its position in GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after purchasing an additional 237 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GFS shares. Loop Capital set a $80.00 price objective on GlobalFoundries in a research note on Monday, May 4th. Citigroup upped their target price on GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Evercore reiterated an “outperform” rating and set a $85.00 price target on shares of GlobalFoundries in a research report on Tuesday, May 19th. JPMorgan Chase & Co. raised their target price on shares of GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GlobalFoundries has a consensus rating of “Hold” and an average target price of $74.62.

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.