Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells $14,485.40 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $43.24, for a total value of $14,485.40. Following the sale, the insider owned 10,134 shares of the company’s stock, valued at approximately $438,194.16. This trade represents a 3.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

Shares of NASDAQ:GFS opened at $45.21 on Monday. The stock has a market capitalization of $24.81 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.43 and a beta of 1.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The stock’s 50-day simple moving average is $55.52 and its two-hundred day simple moving average is $59.43. GlobalFoundries Inc. has a 52-week low of $31.59 and a 52-week high of $92.55.

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

GlobalFoundries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s dividend payout ratio is currently 37.50%.

Institutional Trading of GlobalFoundries

A number of hedge funds and other institutional investors have recently modified their holdings of GFS. Invesco Ltd. lifted its stake in shares of GlobalFoundries by 7.9% during the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock valued at $106,172,000 after buying an additional 217,866 shares in the last quarter. AQR Capital Management LLC boosted its holdings in GlobalFoundries by 9.9% in the 4th quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after buying an additional 257,254 shares during the period. Bessemer Group Inc. increased its stake in GlobalFoundries by 8,275,141.2% in the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after buying an additional 2,813,548 shares in the last quarter. Marshall Wace LLP raised its holdings 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 acquiring an additional 1,328,129 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in GlobalFoundries by 55.4% during the fourth quarter. Squarepoint Ops LLC now owns 2,021,035 shares of the company’s stock valued at $70,575,000 after acquiring an additional 720,846 shares during the period.

Analyst Upgrades and Downgrades

GFS has been the topic of several analyst reports. TD Cowen dropped their price target on shares of GlobalFoundries from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Evercore restated an “outperform” rating and issued a $85.00 price objective on shares of GlobalFoundries in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on GlobalFoundries in a report on Monday, August 10th. Stifel Nicolaus started coverage on GlobalFoundries in a report on Tuesday, September 1st. They set a “buy” rating and a $60.00 price target for the company. Finally, Morgan Stanley restated a “negative” rating and issued a $60.00 price target on shares of GlobalFoundries in a research report on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.32.

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.