Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells $24,355.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $48.71, for a total transaction of $24,355.00. Following the completion of the sale, the insider directly owned 17,494 shares of the company’s stock, valued at approximately $852,132.74. This trade represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 1.9%

NASDAQ:GFS opened at $60.39 on Thursday. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $60.98. The company has a 50-day moving average of $47.03 and a 200 day moving average of $40.91. The firm has a market cap of $33.60 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 2.34 and a beta of 1.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.62 and a quick ratio of 1.95.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. As a group, research analysts anticipate that GlobalFoundries Inc. will post 1.37 EPS for the current fiscal year.

Hedge Funds Weigh In On GlobalFoundries

A number of large investors have recently added to or reduced their stakes in GFS. Royal Bank of Canada raised its holdings in GlobalFoundries by 4.4% in the first quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after purchasing an additional 660 shares in the last quarter. AQR Capital Management LLC raised its holdings 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 purchasing an additional 44,599 shares in the last quarter. Jones Financial Companies Lllp raised its holdings 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 purchasing an additional 12,033 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of GlobalFoundries by 3.4% during the second quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock valued at $1,055,000 after acquiring an additional 903 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in shares of GlobalFoundries during the second quarter valued at about $269,000.

Wall Street Analyst Weigh In

GFS has been the subject of a number of research reports. Weiss Ratings raised shares of GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Susquehanna reaffirmed a “neutral” rating and issued a $50.00 price objective on shares of GlobalFoundries in a research note on Thursday, February 12th. The Goldman Sachs Group upped their price objective on shares of GlobalFoundries from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Morgan Stanley set a $43.00 price objective on shares of GlobalFoundries in a research note on Monday, February 9th. Finally, UBS Group set a $50.00 target price on shares of GlobalFoundries in a report on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $46.13.

About GlobalFoundries

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.