GlobalFoundries Inc. (NASDAQ:GFS) to Issue $0.12 Quarterly Dividend

GlobalFoundries Inc. (NASDAQ:GFS) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of 0.12 per share on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 23rd.

GlobalFoundries Price Performance

Shares of GFS traded down $2.56 during trading hours on Wednesday, hitting $49.46. The stock had a trading volume of 7,913,948 shares, compared to its average volume of 4,331,018. The company’s fifty day moving average is $70.87 and its two-hundred day moving average is $58.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. GlobalFoundries has a 52 week low of $31.51 and a 52 week high of $92.55. The stock has a market capitalization of $27.14 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 1.77 and a beta of 1.80.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, analysts anticipate that GlobalFoundries will post 1.38 EPS for the current year.

Insider Buying and Selling at GlobalFoundries

In other news, Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $58.22, for a total transaction of $232,880.00. Following the transaction, the director directly owned 14,867 shares in the company, valued at approximately $865,556.74. This represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 500 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $70.90, for a total transaction of $35,450.00. Following the sale, the insider directly owned 795 shares in the company, valued at $56,365.50. This trade represents a 38.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 19,450 shares of company stock worth $1,412,000.

Institutional Inflows and Outflows

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

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.