Glenda Dorchak Sells 4,000 Shares of GlobalFoundries (NASDAQ:GFS) Stock

GlobalFoundries Inc. (NASDAQ:GFS) Director Glenda Dorchak sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $58.22, for a total value of $232,880.00. Following the completion of the transaction, the director owned 14,867 shares in the company, valued at approximately $865,556.74. This represents a 21.20% decrease in their position. The transaction was disclosed in a legal filing 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.

GlobalFoundries Stock Down 4.0%

Shares of NASDAQ GFS opened at $47.07 on Thursday. GlobalFoundries Inc. has a 1 year low of $31.51 and a 1 year high of $92.55. The firm’s 50-day moving average is $73.68 and its 200-day moving average is $58.45. 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 has a market capitalization of $25.83 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 1.73 and a beta of 1.76.

GlobalFoundries (NASDAQ:GFS) last announced 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 net margin of 11.40% and a return on equity of 6.85%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm earned $0.34 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities analysts expect that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. GlobalFoundries’s payout ratio is 34.53%.

Analyst Upgrades and Downgrades

GFS has been the topic of a number of recent analyst reports. Evercore restated an “outperform” rating and set a $85.00 target price on shares of GlobalFoundries in a report on Tuesday, May 19th. Jefferies Financial Group reiterated a “hold” rating and issued a $65.00 price target on shares of GlobalFoundries in a research report on Wednesday, May 6th. The Goldman Sachs Group restated a “neutral” rating and set a $70.00 price objective on shares of GlobalFoundries in a report on Tuesday, May 5th. Robert W. Baird set a $100.00 target price on shares of GlobalFoundries in a research note on Wednesday, May 6th. Finally, Citigroup lifted their price target on shares of GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $74.62.

GlobalFoundries News Summary

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries signed a letter of intent with the U.S. Department of Commerce for a potential $300 million CHIPS Research and Development award. The funds would accelerate development of optical materials, wafer technologies and advanced packaging for silicon photonics, which can enable faster and more power-efficient links in AI and high-performance-computing data centers. The announcement initially lifted investor sentiment and strengthens GFS’s strategic importance to U.S. semiconductor and AI infrastructure goals. US to award GlobalFoundries $300 million to develop faster AI chip links
• Positive Sentiment: At its July 28 annual meeting, shareholders approved the reported AGM decisions, after which GlobalFoundries moved to streamline its board. The changes could support a more focused governance structure, although the announcement is less financially immediate than the CHIPS funding. GlobalFoundries Streamlines Board After Shareholder-Backed AGM Decisions
• Neutral Sentiment: Analysts continue to expect earnings growth, while the company’s latest quarter exceeded EPS estimates and revenue increased year over year. However, the next reported results and guidance will likely be needed to establish a stronger near-term catalyst.
• Negative Sentiment: Insiders disclosed stock sales, including director Glenda Dorchak’s sale of 4,000 shares and Samak Azar’s sale of 335 shares. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their bearish significance, but they still represent modest selling pressure. Samak Azar Sells 335 Shares of GlobalFoundries Stock

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. raised its holdings in GlobalFoundries by 7.9% during the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock worth $106,172,000 after buying an additional 217,866 shares during the period. AQR Capital Management LLC increased its position in shares of GlobalFoundries by 9.9% during the fourth quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after acquiring an additional 257,254 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of GlobalFoundries by 8,275,141.2% during the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after acquiring an additional 2,813,548 shares during the period. Marshall Wace LLP raised its holdings in shares of GlobalFoundries by 126.0% during the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after acquiring an additional 1,328,129 shares during the period. Finally, Squarepoint Ops LLC lifted its position in GlobalFoundries by 55.4% in the 4th quarter. Squarepoint Ops LLC now owns 2,021,035 shares of the company’s stock valued at $70,575,000 after acquiring an additional 720,846 shares in the last quarter.

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.