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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $49.01, for a total transaction of $16,418.35. Following the completion of the transaction, the insider directly owned 8,459 shares in the company, valued at approximately $414,575.59. This represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

NASDAQ:GFS opened at $48.24 on Friday. The firm’s fifty day simple moving average is $47.84 and its 200 day simple moving average is $59.54. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a twelve month low of $32.02 and a twelve month high of $92.55. The firm has a market capitalization of $26.47 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 1.57 and a beta of 1.77.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) 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 firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm earned $0.42 EPS. The firm’s quarterly 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, equities research analysts expect that GlobalFoundries Inc. will post 1.48 earnings per share for the current fiscal year.

GlobalFoundries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd were paid a $0.12 dividend. The ex-dividend date was Wednesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. GlobalFoundries’s dividend payout ratio (DPR) is 37.50%.

Hedge Funds Weigh In On GlobalFoundries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in GlobalFoundries by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock valued at $87,000 after purchasing an additional 154 shares during the last quarter. Parallel Advisors LLC boosted its stake in GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after purchasing an additional 237 shares during the period. California State Teachers Retirement System grew its position in GlobalFoundries by 5.3% in the 1st quarter. California State Teachers Retirement System now owns 6,735 shares of the company’s stock worth $300,000 after purchasing an additional 340 shares during the last quarter. HB Wealth Management LLC grew its position in GlobalFoundries by 7.0% in the 2nd quarter. HB Wealth Management LLC now owns 5,472 shares of the company’s stock worth $451,000 after purchasing an additional 358 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of GlobalFoundries by 19.3% in the first quarter. Strs Ohio now owns 2,937 shares of the company’s stock valued at $131,000 after purchasing an additional 476 shares during the period.

Analyst Ratings Changes

A number of equities analysts have weighed in on GFS shares. UBS Group decreased their price target on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a research note on Wednesday, August 5th. Cantor Fitzgerald reissued an “overweight” rating on shares of GlobalFoundries in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of GlobalFoundries in a research note on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, GlobalFoundries currently has a consensus rating of “Hold” and an average price target of $74.63.

GlobalFoundries News Summary

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries agreed to a multiyear, approximately $2 billion deal with TSMC to manufacture silicon interposers at its Malta, New York, facility for TSMC’s CoWoS advanced AI-packaging technology. The agreement gives GFS exposure to rapidly growing artificial-intelligence and high-performance-computing demand without requiring it to manufacture leading-edge GPUs. GlobalFoundries reaches agreement to establish U.S.-based supply of silicon interposers for advanced AI packaging
• Positive Sentiment: GF also unveiled its FDX Fusion roadmap, a next-generation FD-SOI platform designed for “physical AI” applications. Management said the technology delivers single-digit-nanometer digital performance optimized for edge and real-world devices, potentially strengthening the company’s specialty-chip positioning. GF unveils roadmap to deliver the world’s most advanced FD-SOI platform for Physical AI
• Positive Sentiment: GlobalFoundries entered a multiyear manufacturing partnership with quantum-computing company Xanadu, adding another potential growth avenue in photonic and quantum hardware. Quantum firm Xanadu partners with GlobalFoundries for photonic component development

GlobalFoundries Company Profile

GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers’ designs and supporting them through process development, wafer fabrication, packaging, and related services.

Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.