GlobalFoundries (NASDAQ:GFS) Stock: Insider Ganesh Moorthy Acquires 2,500 Shares

GlobalFoundries Inc. (NASDAQ:GFS) Director Ganesh Moorthy purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was acquired at an average cost of $37.48 per share, with a total value of $93,700.00. Following the purchase, the director owned 5,500 shares of the company’s stock, valued at approximately $206,140. This represents a 83.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

GlobalFoundries Price Performance

Shares of NASDAQ GFS opened at $38.62 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $21.19 billion, a price-to-earnings ratio of 110.34, a PEG ratio of 1.27 and a beta of 1.78. GlobalFoundries Inc. has a twelve month low of $32.02 and a twelve month high of $92.55. The firm has a 50-day moving average of $45.84 and a two-hundred day moving average of $54.88.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results on Wednesday, November 4th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. GlobalFoundries had a return on equity of 7.16% and a net margin of 2.81%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. GlobalFoundries’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, analysts expect that GlobalFoundries Inc. will post 1.50 earnings per share for the current fiscal year.

GlobalFoundries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Tuesday, December 22nd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. GlobalFoundries’s dividend payout ratio is currently 137.14%.

Trending Headlines about GlobalFoundries

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 Investors Weigh In On GlobalFoundries

Institutional investors have recently bought and sold shares of the business. Sei Investments Co. increased its stake in shares of GlobalFoundries by 239.0% in the first quarter. Sei Investments Co. now owns 48,246 shares of the company’s stock worth $2,146,000 after acquiring an additional 34,014 shares during the last quarter. Bank of America Corp DE boosted its position in GlobalFoundries by 106.1% during the first quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock valued at $38,936,000 after purchasing an additional 450,722 shares during the last quarter. First Trust Advisors LP boosted its position in GlobalFoundries by 97.4% during the first quarter. First Trust Advisors LP now owns 264,837 shares of the company’s stock valued at $11,780,000 after purchasing an additional 130,643 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in GlobalFoundries during the second quarter valued at $3,067,000. Finally, Janus Henderson Group PLC purchased a new position in GlobalFoundries in the first quarter valued at about $1,108,000.

Analyst Ratings Changes

Several research analysts have recently weighed in on GFS shares. Needham & Company LLC dropped their target price on shares of GlobalFoundries from $80.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research report on Wednesday, August 26th. Stifel Nicolaus began coverage on shares of GlobalFoundries in a research note on Tuesday, September 1st. They issued a “buy” rating and a $60.00 price objective for the company. Zacks Research cut shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group cut their target price on shares of GlobalFoundries from $60.00 to $50.00 and set a “hold” rating on the stock in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $67.79.

About GlobalFoundries

GlobalFoundries is a semiconductor foundry that manufactures integrated circuits for customers that design their own chips. Its services include wafer fabrication, process technology development, packaging support and design enablement, helping customers bring semiconductor products to market without operating their own fabrication facilities.

The company focuses on specialty technologies used in areas such as automotive electronics, communications, industrial systems, smart devices and data centers.