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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $46.75, for a total transaction of $15,661.25. Following the sale, the insider owned 10,469 shares in the company, valued at $489,425.75. This trade represents a 3.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 3.4%

GlobalFoundries stock opened at $44.76 on Friday. GlobalFoundries Inc. has a 12-month low of $31.59 and a 12-month high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. The stock has a market capitalization of $24.56 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 1.17 and a beta of 1.80. The firm has a 50 day simple moving average of $59.53 and a 200-day simple moving average of $59.42.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, equities research analysts expect that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be issued a $0.12 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. GlobalFoundries’s dividend payout ratio is 37.50%.

Institutional Investors Weigh In On GlobalFoundries

Several hedge funds have recently modified their holdings of GFS. Covestor Ltd increased its stake in GlobalFoundries by 57.6% in the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after purchasing an additional 349 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in GlobalFoundries during the 4th quarter worth about $35,000. Strategic Advocates LLC lifted its stake in GlobalFoundries by 95.1% during the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock valued at $37,000 after buying an additional 500 shares in the last quarter. Parallel Advisors LLC lifted its stake in GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after buying an additional 237 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of GlobalFoundries in the fourth quarter worth about $41,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GFS. Loop Capital set a $80.00 target price on GlobalFoundries in a report on Monday, May 4th. Zacks Research downgraded shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Wedbush reaffirmed a “neutral” rating and issued a $50.00 price objective on shares of GlobalFoundries in a research note on Monday, May 4th. UBS Group dropped their target price on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Susquehanna raised their target price on shares of GlobalFoundries to $125.00 and gave the stock a “positive” rating in a report on Monday, May 11th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $75.11.

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.