GlobalFoundries (NASDAQ:GFS) Insider Sells $16,391.55 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $48.93, for a total value of $16,391.55. Following the transaction, the insider directly owned 11,809 shares in the company, valued at $577,814.37. The trade was a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 0.2%

GlobalFoundries stock traded up $0.10 during mid-day trading on Friday, hitting $49.99. The company’s stock had a trading volume of 4,757,808 shares, compared to its average volume of 4,290,048. GlobalFoundries Inc. has a 52-week low of $31.51 and a 52-week high of $92.55. The company has a market cap of $27.43 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 1.66 and a beta of 1.76. 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 firm’s 50 day moving average is $73.05 and its 200 day moving average is $58.52.

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

GlobalFoundries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, June 24th. GlobalFoundries’s dividend payout ratio (DPR) is currently 34.53%.

Analyst Ratings Changes

Several research analysts have weighed in on GFS shares. Jefferies Financial Group reiterated a “hold” rating and issued a $65.00 price objective on shares of GlobalFoundries in a research note on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a research note on Friday, May 29th. Loop Capital set a $80.00 price target on shares of GlobalFoundries in a report on Monday, May 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $70.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 5th. Finally, Needham & Company LLC increased their price objective on GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.62.

Hedge Funds Weigh In On GlobalFoundries

A number of hedge funds have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. acquired a new stake in GlobalFoundries in the second quarter valued at approximately $207,000. FNY Investment Advisers LLC bought a new stake in GlobalFoundries in the second quarter worth approximately $60,000. CoreCap Advisors LLC increased its stake in shares of 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 purchasing an additional 2,905 shares during the last quarter. Meadowbrook Wealth Management LLC acquired a new position in shares of GlobalFoundries during the 2nd quarter worth $488,000. Finally, Parallel Advisors LLC raised its holdings in shares of GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after purchasing an additional 237 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.