GlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction that occurred on 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 in the company, valued at approximately $338,187.98. The trade was a 4.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Stock Performance
Shares of NASDAQ:GFS opened at $41.90 on Friday. The company has a market capitalization of $22.99 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 1.33 and a beta of 1.77. GlobalFoundries Inc. has a 52 week low of $32.02 and a 52 week high of $92.55. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $46.48 and a 200 day moving average of $54.92.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. GlobalFoundries’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, sell-side analysts predict that GlobalFoundries Inc. will post 1.48 earnings per share for the current fiscal year.
Analyst Ratings Changes
GFS has been the subject of a number of analyst reports. TD Cowen restated a “buy” rating and set a $75.00 price objective on shares of GlobalFoundries in a research note on Thursday, October 15th. Cantor Fitzgerald reiterated an “overweight” rating on shares of GlobalFoundries in a research note on Thursday, October 15th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of GlobalFoundries in a report on Monday, August 10th. Wedbush reiterated a “neutral” rating and issued a $72.00 target price on shares of GlobalFoundries in a report on Thursday, October 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a research report on Wednesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, GlobalFoundries has a consensus rating of “Hold” and an average price target of $75.79.
Check Out Our Latest Report on GlobalFoundries
Hedge Funds Weigh In On GlobalFoundries
Institutional investors and hedge funds have recently bought and sold shares of the company. Rakuten Investment Management Inc. purchased a new stake in shares of GlobalFoundries during the third quarter worth about $4,027,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of GlobalFoundries in the 3rd quarter valued at approximately $40,775,000. Profund Advisors LLC raised its position in shares of GlobalFoundries by 7.1% in the 3rd quarter. Profund Advisors LLC now owns 6,178 shares of the company’s stock valued at $296,000 after purchasing an additional 409 shares during the last quarter. ProShare Advisors LLC raised its position in shares of GlobalFoundries by 88.2% in the 3rd quarter. ProShare Advisors LLC now owns 13,438 shares of the company’s stock valued at $644,000 after purchasing an additional 6,299 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in GlobalFoundries by 93.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,916 shares of the company’s stock worth $379,000 after purchasing an additional 3,821 shares in the last quarter.
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.
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