Samak Azar Sells 335 Shares of GlobalFoundries (NASDAQ:GFS) Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $77.36, for a total transaction of $25,915.60. Following the completion of the transaction, the insider owned 13,149 shares of the company’s stock, valued at $1,017,206.64. This represents a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Price Performance

GFS stock traded down $2.87 during trading on Tuesday, reaching $66.04. 2,694,811 shares of the company were exchanged, compared to its average volume of 4,364,923. The company has a market cap of $36.24 billion, a P/E ratio of 47.55, a PEG ratio of 2.47 and a beta of 1.76. GlobalFoundries Inc. has a 52-week low of $31.51 and a 52-week high of $92.55. The stock’s 50 day moving average price is $76.91 and its 200 day moving average price is $55.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59.

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

GlobalFoundries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, June 24th. GlobalFoundries’s payout ratio is currently 34.53%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a report on Friday, May 29th. Loop Capital set a $80.00 price objective on GlobalFoundries in a research report on Monday, May 4th. Susquehanna increased their price objective on GlobalFoundries to $125.00 and gave the company a “positive” rating in a research note on Monday, May 11th. The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 target price on shares of GlobalFoundries in a research note on Tuesday, May 5th. Finally, Evercore restated an “outperform” rating and issued a $85.00 target price on shares of GlobalFoundries in a report on Tuesday, May 19th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.62.

Institutional Trading of GlobalFoundries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. increased 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 acquiring an additional 217,866 shares during the last quarter. AQR Capital Management LLC increased its position in GlobalFoundries by 9.9% during the fourth quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after purchasing an additional 257,254 shares during the last quarter. Bessemer Group Inc. raised its stake in GlobalFoundries by 8,275,141.2% during the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after purchasing an additional 2,813,548 shares during the period. First Trust Advisors LP raised its stake in GlobalFoundries by 15.2% during the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock worth $95,315,000 after purchasing an additional 350,743 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of GlobalFoundries by 126.0% in the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock valued at $83,180,000 after purchasing an additional 1,328,129 shares during 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.