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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the 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 sale, the insider directly owned 7,789 shares of the company’s stock, valued at approximately $360,319.14. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Price Performance

GFS traded up $1.02 during trading on Friday, hitting $44.39. 3,415,153 shares of the company traded hands, compared to its average volume of 5,694,162. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. The company has a market cap of $24.36 billion, a PE ratio of 34.68, a P/E/G ratio of 1.38 and a beta of 1.77. The stock’s 50-day simple moving average is $46.85 and its two-hundred day simple moving average is $59.72. GlobalFoundries Inc. has a 1 year low of $32.02 and a 1 year high of $92.55.

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

Hedge Funds Weigh In On GlobalFoundries

Large investors have recently made changes to their positions in the company. Bessemer Group Inc. grew its holdings in shares of GlobalFoundries by 8,275,141.2% in 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 last quarter. Dimensional Fund Advisors LP lifted its holdings in GlobalFoundries by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company’s stock valued at $59,571,000 after buying an additional 31,590 shares in the last quarter. Bank of America Corp DE lifted its holdings in GlobalFoundries by 106.1% during the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock valued at $38,936,000 after buying an additional 450,722 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in GlobalFoundries by 322.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company’s stock valued at $31,803,000 after buying an additional 545,900 shares during the period. Finally, Atreides Management LP bought a new position in GlobalFoundries in the first quarter worth approximately $21,110,000.

Wall Street Analyst Weigh In

GFS has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of GlobalFoundries in a report on Thursday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research report on Wednesday, August 26th. TD Cowen reaffirmed a “buy” rating and set a $75.00 price target on shares of GlobalFoundries in a research note on Thursday, October 15th. Wedbush reiterated a “neutral” rating and set a $72.00 price objective on shares of GlobalFoundries in a research report on Thursday, October 15th. Finally, Zacks Research cut shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.79.

GlobalFoundries Company Profile

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.