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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $44.87, for a total transaction of $15,031.45. Following the completion of the sale, the insider owned 9,464 shares of the company’s stock, valued at approximately $424,649.68. The trade was a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 4.3%

Shares of GFS stock opened at $47.82 on Friday. The stock has a market cap of $26.24 billion, a P/E ratio of 37.36, a price-to-earnings-growth ratio of 1.45 and a beta of 1.78. GlobalFoundries Inc. has a one year low of $32.02 and a one year high of $92.55. The stock has a fifty day moving average price of $50.12 and a 200 day moving average price of $59.21. 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 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 net margin of 10.36% and a return on equity of 6.69%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Analysts predict that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

GlobalFoundries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. GlobalFoundries’s payout ratio is presently 37.50%.

Key GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Expanded Marvell capacity agreement strengthens AI exposure. The deal positions GlobalFoundries to benefit from rising demand for optical connectivity as AI workloads increase data-center networking requirements. However, the companies did not disclose specific financial terms, so the near-term earnings impact remains unclear. Reuters article on the GlobalFoundries and Marvell capacity agreement
• Positive Sentiment: Potential U.S. fab role could create another strategic growth opportunity. Reports indicate GlobalFoundries could operate a U.S. chip plant supported by Japan-U.S. investment. The arrangement could improve its access to government-backed semiconductor spending, although the report remains unconfirmed and details are limited. Yahoo Finance report on a potential Japan-backed U.S. chip plant
• Positive Sentiment: Options activity suggests increased speculative interest. Investors purchased 12,944 GFS call options, 78% above the average daily volume, indicating some traders are positioning for potential upside.
• Neutral Sentiment: Insider selling was limited and conducted under a preset plan. Director Samak Azar sold 335 shares worth approximately $15,031, reducing ownership by 3.42%. Because the transaction occurred under a Rule 10b5-1 plan and was small relative to the remaining stake, it is not a strong standalone bearish signal. SEC insider transaction filing

Institutional Trading of GlobalFoundries

Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of GlobalFoundries by 8.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock valued at $87,000 after acquiring an additional 154 shares during the last quarter. Parallel Advisors LLC grew its position in GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after acquiring an additional 237 shares during the last quarter. California State Teachers Retirement System increased its holdings in GlobalFoundries by 5.3% during the 1st quarter. California State Teachers Retirement System now owns 6,735 shares of the company’s stock valued at $300,000 after purchasing an additional 340 shares in the last quarter. Covestor Ltd increased its holdings in GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after purchasing an additional 349 shares in the last quarter. Finally, HB Wealth Management LLC raised 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 valued at $451,000 after purchasing an additional 358 shares during the last quarter.

Analyst Upgrades and Downgrades

GFS has been the topic of a number of recent research reports. UBS Group decreased their price objective on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on GlobalFoundries in a report on Monday, August 10th. Arete Research set a $95.00 price target on GlobalFoundries in a research note on Wednesday, June 10th. Stifel Nicolaus initiated coverage on GlobalFoundries in a research report on Tuesday, September 1st. They issued a “buy” rating and a $60.00 price target on the stock. Finally, Morgan Stanley reiterated a “negative” rating and set a $60.00 price objective on shares of GlobalFoundries in a research note on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.32.

GlobalFoundries Company Profile

GlobalFoundries Inc (NASDAQ:GFS) is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.

The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.