Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells $14,485.40 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $43.24, for a total transaction of $14,485.40. Following the completion of the sale, the insider owned 10,134 shares in the company, valued at $438,194.16. The trade was a 3.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

Shares of NASDAQ GFS traded up $0.68 during midday trading on Friday, hitting $45.21. 2,627,720 shares of the company’s stock were exchanged, compared to its average volume of 4,281,401. GlobalFoundries Inc. has a twelve month low of $31.59 and a twelve month high of $92.55. The firm has a market cap of $24.81 billion, a P/E ratio of 35.32, a PEG ratio of 1.40 and a beta of 1.78. The stock’s 50 day moving average price is $56.21 and its 200-day moving average price is $59.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Equities research analysts anticipate that GlobalFoundries Inc. will post 1.48 EPS for the current year.

GlobalFoundries Announces Dividend

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

Institutional Investors Weigh In On GlobalFoundries

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in 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 stake 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 buying an additional 237 shares in the last quarter. Vident Advisory LLC boosted its holdings in shares of GlobalFoundries by 5.0% in the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock worth $215,000 after buying an additional 293 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in shares of GlobalFoundries by 9.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company’s stock worth $125,000 after buying an additional 305 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of GlobalFoundries by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock worth $372,000 after acquiring an additional 324 shares in the last quarter.

Wall Street Analyst Weigh In

GFS has been the topic of several research analyst reports. Evercore reissued an “outperform” rating and set a $85.00 target price on shares of GlobalFoundries in a research note on Tuesday, May 19th. Stifel Nicolaus started coverage on shares of GlobalFoundries in a report on Tuesday. They issued a “buy” rating and a $60.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of GlobalFoundries in a research note on Monday, August 10th. Jefferies Financial Group set a $60.00 target price on GlobalFoundries in a report on Wednesday, August 5th. Finally, UBS Group decreased their price target on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, GlobalFoundries currently has an average rating of “Hold” and an average target price of $74.32.

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.