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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $46.75, for a total transaction of $15,661.25. Following the completion of the sale, the insider directly owned 10,469 shares of the company’s stock, valued at approximately $489,425.75. This represents a 3.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 3.4%

GlobalFoundries stock opened at $44.76 on Friday. GlobalFoundries Inc. has a 12-month low of $31.59 and a 12-month high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. The stock has a market capitalization of $24.56 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 1.13 and a beta of 1.80. The firm has a 50 day simple moving average of $59.53 and a 200-day simple moving average of $59.42.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, equities research analysts expect that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s payout ratio is presently 37.50%.

Institutional Trading of GlobalFoundries

Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its holdings in shares of GlobalFoundries by 8.6% during the 1st 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 during the period. Parallel Advisors LLC raised its holdings in GlobalFoundries by 39.8% in 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 period. Vident Advisory LLC raised its holdings in GlobalFoundries by 5.0% in the 4th quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock worth $215,000 after acquiring an additional 293 shares during the period. Federation des caisses Desjardins du Quebec lifted its position in GlobalFoundries by 9.3% during the 4th 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 last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in GlobalFoundries by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock worth $372,000 after acquiring an additional 324 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a research report on Wednesday, August 5th. Loop Capital set a $80.00 price target on shares of GlobalFoundries in a research report on Monday, May 4th. Morgan Stanley reiterated a “negative” rating and set a $60.00 price objective on shares of GlobalFoundries in a research report on Thursday, August 6th. Cantor Fitzgerald raised GlobalFoundries from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $50.00 to $80.00 in a research report on Monday, May 4th. Finally, Evercore restated an “outperform” rating and set a $85.00 price objective on shares of GlobalFoundries in a report on Tuesday, May 19th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $75.11.

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.