Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells $16,207.30 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $48.38, for a total value of $16,207.30. Following the transaction, the insider owned 10,804 shares in the company, valued at $522,697.52. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

Shares of NASDAQ GFS opened at $45.67 on Thursday. The stock’s 50-day moving average is $61.14 and its 200 day moving average is $59.50. The stock has a market cap of $25.06 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 1.15 and a beta of 1.80. GlobalFoundries Inc. has a 1-year low of $31.59 and a 1-year high of $92.55. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. GlobalFoundries’s revenue for the quarter 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, sell-side analysts anticipate that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on GFS. UBS Group decreased their target price on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Cantor Fitzgerald upgraded shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and upped their price target for the company from $50.00 to $80.00 in a research report on Monday, May 4th. Morgan Stanley reaffirmed a “negative” rating and set a $60.00 price objective on shares of GlobalFoundries in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their price objective on GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Loop Capital set a $80.00 target price on GlobalFoundries in a research note on Monday, May 4th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and a consensus price target of $75.11.

Hedge Funds Weigh In On GlobalFoundries

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of GlobalFoundries by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock worth $87,000 after purchasing an additional 154 shares in the last quarter. Parallel Advisors LLC lifted its position in GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after purchasing an additional 237 shares in the last quarter. Vident Advisory LLC lifted its position in GlobalFoundries by 5.0% during the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock valued at $215,000 after purchasing an additional 293 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in GlobalFoundries by 9.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company’s stock valued at $125,000 after purchasing an additional 305 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in GlobalFoundries by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock valued at $372,000 after purchasing an additional 324 shares during the period.

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.