Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells $104,740.35 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Pradheepa Raman sold 2,145 shares of GlobalFoundries stock in a transaction on Monday, September 28th. The stock was sold at an average price of $48.83, for a total transaction of $104,740.35. Following the sale, the insider directly owned 2,145 shares in the company, valued at $104,740.35. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Pradheepa Raman also recently made the following trade(s):

• On Tuesday, August 18th, Pradheepa Raman sold 6,760 shares of GlobalFoundries stock. The shares were sold at an average price of $51.12, for a total transaction of $345,571.20.

GlobalFoundries Stock Up 1.6%

Shares of GlobalFoundries stock opened at $48.68 on Friday. GlobalFoundries Inc. has a 1-year low of $32.02 and a 1-year high of $92.55. The company has a market capitalization of $26.71 billion, a PE ratio of 38.03, a P/E/G ratio of 1.52 and a beta of 1.76. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. The business has a 50-day moving average of $48.03 and a 200-day moving average of $59.42.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 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 for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, equities analysts forecast that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.12 per share. 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 1.0%. GlobalFoundries’s dividend payout ratio (DPR) is presently 37.50%.

Analyst Ratings Changes

GFS has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of GlobalFoundries in a research note on Tuesday, September 8th. Jefferies Financial Group set a $60.00 target price on shares of GlobalFoundries in a research report on Wednesday, August 5th. Zacks Research cut shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Stifel Nicolaus initiated coverage on GlobalFoundries in a research note on Tuesday, September 1st. They issued a “buy” rating and a $60.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.32.

Institutional Trading of GlobalFoundries

Several institutional investors have recently added to or reduced their stakes in the business. HBK Investments L P acquired a new stake in shares of GlobalFoundries during the second quarter worth $989,000. Sequoia Financial Advisors LLC acquired a new position in shares of GlobalFoundries in the 2nd quarter valued at about $404,000. WINTON GROUP Ltd acquired a new position in shares of GlobalFoundries in the 2nd quarter valued at about $363,000. NewEdge Advisors LLC grew its position in shares of GlobalFoundries by 3,658.5% during the 2nd quarter. NewEdge Advisors LLC now owns 4,886 shares of the company’s stock valued at $403,000 after buying an additional 4,756 shares during the last quarter. Finally, Waverly Advisors LLC bought a new stake in shares of GlobalFoundries during the 2nd quarter valued at about $222,000.

About GlobalFoundries

GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers’ designs and supporting them through process development, wafer fabrication, packaging, and related services.

Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.