GlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $58.22, for a total transaction of $232,880.00. Following the transaction, the director owned 14,867 shares in the company, valued at approximately $865,556.74. The trade was a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Stock Up 6.0%
Shares of NASDAQ GFS opened at $49.89 on Friday. The stock has a market capitalization of $27.37 billion, a P/E ratio of 35.89, a P/E/G ratio of 1.66 and a beta of 1.76. The company has a 50-day moving average price of $73.05 and a 200-day moving average price of $58.52. GlobalFoundries Inc. has a 1 year low of $31.51 and a 1 year high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, equities research analysts forecast that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.
GlobalFoundries Dividend Announcement
Analysts Set New Price Targets
A number of research analysts have recently weighed in on GFS shares. Morgan Stanley raised their target price on GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $70.00 price target on shares of GlobalFoundries in a report on Tuesday, May 5th. Cantor Fitzgerald raised GlobalFoundries from a “neutral” rating to an “overweight” rating and increased their price target for the company from $50.00 to $80.00 in a research report on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research note on Friday, May 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $65.00 price objective on shares of GlobalFoundries in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and a consensus target price of $74.62.
Check Out Our Latest Research Report on GFS
GlobalFoundries News Roundup
Here are the key news stories impacting GlobalFoundries this week:
- Positive Sentiment: The proposed government award strengthens GlobalFoundries’ position in the strategic U.S. semiconductor supply chain and provides outside funding for a technology area viewed as important to the growth of AI infrastructure. Analysts at Wedbush said the agreement reinforces the case for increased domestic silicon-photonics investment. US to award GlobalFoundries $300 million to develop faster AI chip links
- Positive Sentiment: Investors are also looking ahead to GlobalFoundries’ second-quarter 2026 results, scheduled for Aug. 5 before the market opens. The company has beaten earnings estimates in each of the past four quarters, with an average surprise of 13.97%, raising expectations for another potential beat. GFS Set to Report Q2 Results
- Neutral Sentiment: The award remains subject to the finalization of the government agreement, and the immediate financial impact is uncertain. With shares trading at a relatively elevated earnings multiple, some of the optimism surrounding the CHIPS funding may already be reflected in the stock.
- Neutral Sentiment: GlobalFoundries also streamlined its board following shareholder-backed annual-meeting decisions. The governance change could improve focus, but the reports provide limited evidence of a near-term effect on earnings or valuation. GlobalFoundries Streamlines Board After Shareholder-Backed AGM Decisions
- Negative Sentiment: An insider sold 335 shares for approximately $19,135 under a pre-arranged Rule 10b5-1 trading plan. The small, scheduled transaction is unlikely to materially change the investment case, but it is a modest negative signal.
Hedge Funds Weigh In On GlobalFoundries
A number of hedge funds and other institutional investors have recently made changes to their positions in GFS. PNC Financial Services Group Inc. boosted its stake in GlobalFoundries by 8.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock valued at $87,000 after acquiring an additional 154 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after purchasing an additional 237 shares during the period. Vident Advisory LLC grew its holdings in GlobalFoundries by 5.0% during the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock valued at $215,000 after purchasing an additional 293 shares during the period. Federation des caisses Desjardins du Quebec grew its holdings in GlobalFoundries by 9.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company’s stock valued at $125,000 after purchasing an additional 305 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in 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 buying an additional 324 shares during the last quarter.
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.
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