GlobalFoundries (NASDAQ:GFS) Insider Sells $27,922.25 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $83.35, for a total value of $27,922.25. Following the completion of the transaction, the insider directly owned 13,819 shares of the company’s stock, valued at $1,151,813.65. This represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 Price Performance

Shares of GFS stock opened at $86.12 on Friday. GlobalFoundries Inc. has a 1 year low of $31.51 and a 1 year high of $92.55. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $74.19 and its 200-day moving average is $53.91. The firm has a market capitalization of $47.25 billion, a price-to-earnings ratio of 61.96, a PEG ratio of 2.96 and a beta of 1.77.

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

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. GlobalFoundries’s payout ratio is presently 34.53%.

Analysts Set New Price Targets

A number of analysts recently commented on GFS shares. Evercore reiterated an “outperform” rating and issued a $85.00 price objective on shares of GlobalFoundries in a research report on Tuesday, May 19th. Jefferies Financial Group restated a “hold” rating and set a $65.00 target price on shares of GlobalFoundries in a research report on Wednesday, May 6th. Needham & Company LLC lifted their price target on shares of GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Loop Capital set a $80.00 price objective on shares of GlobalFoundries in a report on Monday, May 4th. Finally, Citigroup upped their target price on shares of GlobalFoundries from $49.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $73.29.

Hedge Funds Weigh In On GlobalFoundries

Large investors have recently added to or reduced their stakes in the company. WealthCollab LLC grew its holdings in shares of GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after buying an additional 614 shares in the last quarter. True Wealth Design LLC grew its holdings in GlobalFoundries by 216.7% during the fourth quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after purchasing an additional 544 shares during the period. Clearstead Advisors LLC increased its position in GlobalFoundries by 91.9% during the third quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after buying an additional 387 shares during the last quarter. Covestor Ltd raised its stake in GlobalFoundries by 57.6% in the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after buying an additional 349 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new position in shares of GlobalFoundries during the 4th quarter worth approximately $35,000.

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.