GlobalFoundries (NASDAQ:GFS) Director Glenda Dorchak Sells 4,000 Shares

GlobalFoundries Inc. (NASDAQ:GFS) Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $58.22, for a total value of $232,880.00. Following the transaction, the director directly owned 14,867 shares in the company, valued at approximately $865,556.74. This represents a 21.20% decrease in their position. The transaction 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 Price Performance

Shares of GFS stock opened at $49.02 on Wednesday. The stock has a 50 day moving average price of $74.16 and a 200 day moving average price of $58.39. GlobalFoundries Inc. has a 52-week low of $31.51 and a 52-week high of $92.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. The firm has a market capitalization of $26.90 billion, a P/E ratio of 35.27, a P/E/G ratio of 1.88 and a beta of 1.76.

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

GlobalFoundries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th were issued a $0.12 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. GlobalFoundries’s dividend payout ratio is presently 34.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Arete Research set a $95.00 price objective on shares of GlobalFoundries in a research report on Wednesday, June 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Robert W. Baird set a $100.00 price target on GlobalFoundries in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, GlobalFoundries presently has a consensus rating of “Hold” and an average price target of $74.62.

Institutional Investors Weigh In On GlobalFoundries

Large investors have recently modified their holdings of the business. Royal Bank of Canada lifted its position in shares of GlobalFoundries by 4.4% in the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after purchasing an additional 660 shares during the period. AQR Capital Management LLC raised its stake in GlobalFoundries by 77.6% in the first quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock worth $3,679,000 after buying an additional 44,599 shares in the last quarter. Jones Financial Companies Lllp raised its stake in GlobalFoundries by 7,120.1% in the first quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock worth $450,000 after buying an additional 12,033 shares in the last quarter. American Century Companies Inc. lifted its holdings in GlobalFoundries by 3.4% during the second quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock worth $1,055,000 after buying an additional 903 shares during the period. Finally, M&T Bank Corp purchased a new stake in GlobalFoundries during the second quarter worth $269,000.

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.