GlobalFoundries (NASDAQ:GFS) Insider Pradheepa Raman Sells 6,760 Shares of Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Pradheepa Raman sold 6,760 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total transaction of $345,571.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 1.7%

GFS stock traded down $0.84 during trading on Thursday, reaching $47.74. The company had a trading volume of 761,325 shares, compared to its average volume of 4,302,852. GlobalFoundries Inc. has a 52 week low of $31.59 and a 52 week high of $92.55. The company has a market cap of $26.19 billion, a P/E ratio of 37.30, a PEG ratio of 1.25 and a beta of 1.80. The business has a 50 day moving average of $64.61 and a 200 day moving average of $59.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm posted $0.42 EPS. The business’s revenue was up 5.8% on a year-over-year basis. 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 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders 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 dividend on an annualized basis and a yield of 1.0%. GlobalFoundries’s dividend payout ratio is 37.50%.

Analysts Set New Price Targets

Several equities analysts have commented on GFS shares. Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday, May 29th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $70.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 5th. Zacks Research cut shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Cantor Fitzgerald upgraded shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $50.00 to $80.00 in a report on Monday, May 4th. Finally, Evercore reaffirmed an “outperform” rating and set a $85.00 target price on shares of GlobalFoundries in a research note on Tuesday, May 19th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and an average price target of $75.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd raised its stake in shares of GlobalFoundries by 844.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 62,593 shares of the company’s stock worth $2,186,000 after purchasing an additional 55,967 shares during the last quarter. Sei Investments Co. boosted its position in shares of GlobalFoundries by 239.0% during the first quarter. Sei Investments Co. now owns 48,246 shares of the company’s stock valued at $2,146,000 after buying an additional 34,014 shares during the last quarter. AXQ Capital LP boosted its position in shares of GlobalFoundries by 438.9% during the fourth quarter. AXQ Capital LP now owns 49,617 shares of the company’s stock valued at $1,733,000 after buying an additional 40,410 shares during the last quarter. Bank of America Corp DE increased its holdings in GlobalFoundries by 106.1% in the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after buying an additional 450,722 shares in the last quarter. Finally, Monaco Asset Management SAM purchased a new position in GlobalFoundries in the 4th quarter worth about $6,984,000.

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.