GlobalFoundries (NASDAQ:GFS) Insider Samak Azar Sells 335 Shares of Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $45.37, for a total transaction of $15,198.95. Following the transaction, the insider directly owned 7,454 shares of the company’s stock, valued at approximately $338,187.98. This represents a 4.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 8.6%

Shares of GFS stock opened at $41.90 on Friday. The firm’s 50-day simple moving average is $46.48 and its 200-day simple moving average is $54.92. 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 Inc. has a 1-year low of $32.02 and a 1-year high of $92.55. The firm has a market cap of $22.99 billion, a P/E ratio of 32.73, a PEG ratio of 1.46 and a beta of 1.77.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. GlobalFoundries’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 year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Robert W. Baird set a $140.00 price objective on GlobalFoundries in a report on Thursday, August 6th. BNP Paribas Exane lowered GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Monday, October 5th. Zacks Research cut GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Morgan Stanley reiterated a “negative” rating and issued a $60.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.79.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GFS. Bessemer Group Inc. lifted its stake 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 purchasing an additional 2,813,548 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in GlobalFoundries by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company’s stock worth $59,571,000 after acquiring an additional 31,590 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in GlobalFoundries during the 3rd quarter worth approximately $40,775,000. Bank of America Corp DE boosted its holdings in GlobalFoundries by 106.1% in the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after acquiring an additional 450,722 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in GlobalFoundries by 322.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company’s stock worth $31,803,000 after acquiring an additional 545,900 shares during the period.

GlobalFoundries Company Profile

GlobalFoundries Inc (NASDAQ:GFS) is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.

GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.

The company was established in 2009 through the separation of Advanced Micro Devices’ manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.