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

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 335 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $70.90, for a total transaction of $23,751.50. Following the completion of the transaction, the insider owned 12,814 shares in the company, valued at approximately $908,512.60. This trade represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 0.9%

Shares of GlobalFoundries stock opened at $63.39 on Wednesday. GlobalFoundries Inc. has a 1 year low of $31.51 and a 1 year high of $92.55. The firm has a market cap of $34.78 billion, a PE ratio of 45.60, a PEG ratio of 2.26 and a beta of 1.76. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. The company has a 50 day simple moving average of $77.25 and a two-hundred day simple moving average of $57.00.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, topping 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 analyst estimates of $1.63 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Analysts expect that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.48 annualized dividend and a yield of 0.8%. GlobalFoundries’s dividend payout ratio is currently 34.53%.

Wall Street Analyst Weigh In

GFS has been the topic of a number of recent research reports. Susquehanna raised their price objective on GlobalFoundries to $125.00 and gave the company a “positive” rating in a research note on Monday, May 11th. Robert W. Baird set a $100.00 target price on GlobalFoundries in a research note on Wednesday, May 6th. Cantor Fitzgerald upgraded GlobalFoundries from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $50.00 to $80.00 in a research report on Monday, May 4th. Needham & Company LLC lifted their price target on GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $74.62.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. WealthCollab LLC grew its holdings in shares of GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after acquiring an additional 614 shares during the period. True Wealth Design LLC boosted its position in shares of GlobalFoundries by 216.7% during the fourth quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after purchasing an additional 544 shares in the last quarter. Covestor Ltd boosted its position in shares of GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after purchasing an additional 349 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in GlobalFoundries in the fourth quarter worth $35,000. Finally, Strategic Advocates LLC grew its stake in GlobalFoundries by 95.1% in the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock worth $37,000 after purchasing an additional 500 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.