GlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) insider Samak Azar sold 335 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $48.38, for a total value of $16,207.30. Following the transaction, the insider owned 10,804 shares in the company, valued at approximately $522,697.52. This trade represents a 3.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Price Performance
Shares of GlobalFoundries stock opened at $45.92 on Wednesday. The firm has a fifty day simple moving average of $61.84 and a 200-day simple moving average of $59.47. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 1-year low of $31.59 and a 1-year high of $92.55. The stock has a market capitalization of $25.20 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 1.16 and a beta of 1.80.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. GlobalFoundries’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, sell-side analysts expect that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.
GlobalFoundries Dividend Announcement
Analysts Set New Price Targets
Several brokerages recently weighed in on GFS. Citigroup increased their target price on GlobalFoundries from $49.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on GlobalFoundries in a research report on Monday, August 10th. UBS Group reduced their price objective on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Zacks Research cut GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Cantor Fitzgerald upgraded shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $50.00 to $80.00 in a research note on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $75.11.
View Our Latest Stock Report on GlobalFoundries
Institutional Investors Weigh In On GlobalFoundries
A number of institutional investors have recently added to or reduced their stakes in GFS. Royal Bank of Canada lifted its position in shares of GlobalFoundries by 4.4% in the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after acquiring an additional 660 shares during the period. AQR Capital Management LLC increased its position in shares of GlobalFoundries by 77.6% during the first quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock valued at $3,679,000 after purchasing an additional 44,599 shares during the period. Jones Financial Companies Lllp increased its position in shares of GlobalFoundries by 7,120.1% during the first quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after purchasing an additional 12,033 shares during the period. American Century Companies Inc. raised its stake in shares of GlobalFoundries by 3.4% in the second quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock valued at $1,055,000 after purchasing an additional 903 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in shares of GlobalFoundries in the second quarter valued at $269,000.
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.
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