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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $80.90, for a total value of $27,101.50. Following the transaction, the insider owned 14,824 shares of the company’s stock, valued at $1,199,261.60. The trade was a 2.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Price Performance

Shares of NASDAQ GFS opened at $84.60 on Wednesday. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average price is $60.91 and its two-hundred day moving average price is $47.92. The company has a market cap of $47.07 billion, a PE ratio of 60.86, a price-to-earnings-growth ratio of 2.82 and a beta of 1.77. GlobalFoundries Inc. has a twelve month low of $31.51 and a twelve month high of $92.55.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm posted $0.34 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, analysts predict that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.48 annualized dividend and a yield of 0.6%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in shares of GlobalFoundries by 8.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock worth $87,000 after buying an additional 154 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of GlobalFoundries by 39.8% in 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 in the last quarter. Vident Advisory LLC grew its stake in shares of GlobalFoundries by 5.0% in the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock valued at $215,000 after acquiring an additional 293 shares in the last quarter. Profund Advisors LLC increased its position in GlobalFoundries by 0.7% during the third quarter. Profund Advisors LLC now owns 45,349 shares of the company’s stock worth $1,625,000 after acquiring an additional 299 shares during the period. Finally, Federation des caisses Desjardins du Quebec increased its position in GlobalFoundries by 9.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company’s stock worth $125,000 after acquiring an additional 305 shares during the period.

Wall Street Analysts Forecast Growth

GFS has been the topic of several research reports. Evercore reiterated an “outperform” rating and issued a $85.00 price objective on shares of GlobalFoundries in a report on Tuesday, May 19th. Wedbush restated a “neutral” rating and set a $50.00 target price on shares of GlobalFoundries in a research note on Monday, May 4th. Loop Capital set a $80.00 target price on shares of GlobalFoundries in a report on Monday, May 4th. Cantor Fitzgerald upgraded shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and upped their price target for the company from $50.00 to $80.00 in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, GlobalFoundries presently has a consensus rating of “Hold” and an average price target of $69.88.

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.