Stock Traders Buy Large Volume of Call Options on GlobalFoundries (NASDAQ:GFS)

GlobalFoundries Inc. (NASDAQ:GFS) saw unusually large options trading on Thursday. Stock investors purchased 11,130 call options on the company. This represents an increase of approximately 53% compared to the typical volume of 7,268 call options.

Insider Buying and Selling

In other news, insider Samak L. Azar sold 335 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $83.35, for a total value of $27,922.25. Following the transaction, the insider owned 13,819 shares of the company’s stock, valued at approximately $1,151,813.65. This represents a 2.37% 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 this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,800 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $75.17, for a total value of $210,476.00. Following the transaction, the insider owned 6,695 shares in the company, valued at approximately $503,263.15. This trade represents a 29.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 21,675 shares of company stock valued at $1,387,882.

Institutional Investors Weigh In On GlobalFoundries

Large investors have recently modified their holdings of the business. Royal Bank of Canada lifted its position in shares of GlobalFoundries by 4.4% during the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after buying an additional 660 shares during the last quarter. AQR Capital Management LLC grew its position in GlobalFoundries by 77.6% in the first quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock valued at $3,679,000 after acquiring an additional 44,599 shares during the last quarter. Jones Financial Companies Lllp grew its position in GlobalFoundries by 7,120.1% in the first quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after acquiring an additional 12,033 shares during the last quarter. American Century Companies Inc. raised its stake in GlobalFoundries by 3.4% during the second quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock worth $1,055,000 after acquiring an additional 903 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in GlobalFoundries during the second quarter worth about $269,000.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS traded up $2.53 during midday trading on Thursday, hitting $86.23. The stock had a trading volume of 1,107,996 shares, compared to its average volume of 4,412,092. The company’s 50-day moving average price is $73.44 and its 200-day moving average price is $53.58. GlobalFoundries has a fifty-two week low of $31.51 and a fifty-two week high of $92.55. 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 company has a market capitalization of $47.32 billion, a P/E ratio of 62.16, a price-to-earnings-growth ratio of 2.95 and a beta of 1.77.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, equities research analysts predict that GlobalFoundries will post 1.38 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on GFS. Citigroup upped their price objective on GlobalFoundries from $49.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a report on Friday, May 29th. UBS Group boosted their target price on shares of GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Needham & Company LLC upped their price target on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $65.00 price target on shares of GlobalFoundries in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, GlobalFoundries currently has a consensus rating of “Hold” and an average price target of $73.29.

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.