Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells $13,004.70 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $38.82, for a total value of $13,004.70. Following the completion of the transaction, the insider directly owned 7,119 shares in the company, valued at $276,359.58. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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

Shares of GlobalFoundries stock traded up $2.26 during trading hours on Friday, reaching $38.62. 5,023,286 shares of the stock traded hands, compared to its average volume of 4,480,622. GlobalFoundries Inc. has a one year low of $32.02 and a one year high of $92.55. The firm has a market capitalization of $21.19 billion, a price-to-earnings ratio of 110.34, a P/E/G ratio of 1.28 and a beta of 1.78. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $45.99 and a 200 day moving average price of $54.90.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. GlobalFoundries had a net margin of 2.81% and a return on equity of 7.18%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 EPS. On average, equities research analysts expect that GlobalFoundries Inc. will post 1.48 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Tuesday, December 22nd will be given a $0.12 dividend. The ex-dividend date is Tuesday, December 22nd. This represents a $0.48 annualized dividend and a yield of 1.2%. GlobalFoundries’s dividend payout ratio (DPR) is presently 137.14%.

Analyst Ratings Changes

GFS has been the subject of a number of recent research reports. Stifel Nicolaus began coverage on shares of GlobalFoundries in a research report on Tuesday, September 1st. They set a “buy” rating and a $60.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $75.00 target price on GlobalFoundries in a report on Monday, August 10th. Susquehanna lowered their target price on GlobalFoundries from $125.00 to $110.00 and set a “positive” rating on the stock in a research report on Thursday. Wedbush cut their price target on GlobalFoundries from $72.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday. Finally, TD Cowen reduced their price target on GlobalFoundries from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $67.79.

More GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: A Seeking Alpha article highlights improving margins and commitments that could support future growth. Another report points to a record third-quarter margin, suggesting operational progress. Margins Improve As GlobalFoundries Secures Commitments For Future Growth GlobalFoundries stock: Company posts record Q3 margin
• Positive Sentiment: TD Cowen cut its target to $60 from $75 but kept a Buy rating, while Susquehanna lowered its target to $110 from $125 and retained a positive rating. TD Cowen price-target update Susquehanna price-target update
• Neutral Sentiment: UBS, JPMorgan, and Citi lowered their targets to $43, $50, and $46, respectively, and maintained Neutral ratings. Their targets still imply potential upside from the cited $38.62 share price, but the cuts signal reduced expectations. UBS rating update JPMorgan rating update Citi rating update
• Negative Sentiment: Wedbush made a particularly steep reduction, cutting its target to $45 from $72 and citing a lower valuation multiple. The broader wave of target cuts—including reductions from Citi, JPMorgan, UBS, and TD Cowen—could reinforce concerns about GFS’s near-term valuation and outlook. Wedbush cuts GlobalFoundries price target

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in GlobalFoundries in the 3rd quarter worth $30,000. FNY Investment Advisers LLC bought a new stake in GlobalFoundries during the second quarter valued at about $60,000. Parallel Advisors LLC raised its holdings in GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after acquiring an additional 237 shares during the period. Global Assets Advisory LLC purchased a new position in shares of GlobalFoundries in the first quarter valued at about $53,000. Finally, Signaturefd LLC lifted its position in shares of GlobalFoundries by 22.3% in the third quarter. Signaturefd LLC now owns 1,370 shares of the company’s stock valued at $66,000 after acquiring an additional 250 shares in the last quarter.

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.