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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $87.02, for a total value of $29,151.70. Following the transaction, the insider directly owned 13,484 shares of the company’s stock, valued at approximately $1,173,377.68. This represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Price Performance

Shares of NASDAQ GFS opened at $81.00 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. GlobalFoundries Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $92.55. The firm has a market capitalization of $44.44 billion, a PE ratio of 58.27, a price-to-earnings-growth ratio of 2.82 and a beta of 1.77. The stock’s 50-day simple moving average is $75.44 and its 200-day simple moving average is $54.48.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the firm posted $0.34 EPS. The company’s revenue was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, equities research analysts forecast that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, June 24th. GlobalFoundries’s payout ratio is presently 34.53%.

Analyst Ratings Changes

A number of research firms recently issued reports on GFS. UBS Group raised their price target on GlobalFoundries from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a research note on Friday, May 29th. Susquehanna raised their target price on shares of GlobalFoundries to $125.00 and gave the stock a “positive” rating in a research report on Monday, May 11th. Morgan Stanley raised their target price on shares of GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Loop Capital set a $80.00 target price on shares of GlobalFoundries in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and an average price target of $73.29.

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors and hedge funds have recently added to or reduced their stakes in GFS. Rafferty Asset Management LLC boosted its stake in shares of GlobalFoundries by 18.4% in the third quarter. Rafferty Asset Management LLC now owns 372,122 shares of the company’s stock valued at $13,337,000 after buying an additional 57,774 shares in the last quarter. Aster Capital Management DIFC Ltd raised its position in GlobalFoundries by 844.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 62,593 shares of the company’s stock worth $2,186,000 after acquiring an additional 55,967 shares in the last quarter. AXQ Capital LP lifted its holdings in GlobalFoundries by 438.9% in the fourth quarter. AXQ Capital LP now owns 49,617 shares of the company’s stock valued at $1,733,000 after acquiring an additional 40,410 shares during the period. First Trust Advisors LP lifted its holdings in GlobalFoundries by 15.2% in the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock valued at $95,315,000 after acquiring an additional 350,743 shares during the period. Finally, Monaco Asset Management SAM purchased a new stake in shares of GlobalFoundries during the 4th quarter worth $6,984,000.

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.