GlobalFoundries (NASDAQ:GFS) Insider Sells $15,497.10 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $46.26, for a total transaction of $15,497.10. Following the completion of the sale, the insider owned 7,789 shares of the company’s stock, valued at $360,319.14. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Up 2.4%

NASDAQ GFS traded up $1.02 on Friday, reaching $44.39. The stock had a trading volume of 3,414,544 shares, compared to its average volume of 4,415,502. The firm has a market capitalization of $24.36 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 1.51 and a beta of 1.77. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 12-month low of $32.02 and a 12-month high of $92.55. The stock has a fifty day moving average price of $47.06 and a two-hundred day moving average price of $59.83.

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

Hedge Funds Weigh In On GlobalFoundries

A number of institutional investors and hedge funds have recently made changes to their positions in GFS. V Square Quantitative Management LLC purchased a new stake in shares of GlobalFoundries during the third quarter worth approximately $30,000. FNY Investment Advisers LLC acquired a new stake in GlobalFoundries in the second quarter valued at approximately $60,000. Parallel Advisors LLC lifted its stake in GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after acquiring an additional 237 shares during the last quarter. Global Assets Advisory LLC purchased a new position in GlobalFoundries in the first quarter worth approximately $53,000. Finally, Western Wealth Management LLC acquired a new position in GlobalFoundries during the 1st quarter worth approximately $68,000.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GFS shares. Jefferies Financial Group set a $60.00 target price on GlobalFoundries in a research report on Wednesday, August 5th. Wedbush reissued a “neutral” rating and set a $72.00 price target on shares of GlobalFoundries in a research report on Thursday, October 15th. Robert W. Baird set a $140.00 price objective on shares of GlobalFoundries in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Finally, BNP Paribas Exane downgraded shares of GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research note on Monday, October 5th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $75.79.

About GlobalFoundries

GlobalFoundries Inc (NASDAQ:GFS) is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.

GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.

The company was established in 2009 through the separation of Advanced Micro Devices’ manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.