GlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $87.02, for a total value of $29,151.70. Following the completion of the transaction, the insider directly owned 13,484 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Stock Down 6.3%
GFS opened at $77.23 on Thursday. 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 1 year low of $31.51 and a 1 year high of $92.55. The firm has a 50 day moving average price of $76.36 and a 200 day moving average price of $55.04. The company has a market cap of $42.38 billion, a PE ratio of 55.56, a price-to-earnings-growth ratio of 2.91 and a beta of 1.76.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last issued 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 business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the firm posted $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. Sell-side analysts expect that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.
GlobalFoundries Announces Dividend
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on GFS. Loop Capital set a $80.00 price target on shares of GlobalFoundries in a report on Monday, May 4th. Arete Research set a $95.00 price objective on shares of GlobalFoundries in a research report on Wednesday, June 10th. Susquehanna lifted their target price on GlobalFoundries to $125.00 and gave the stock a “positive” rating in a research report on Monday, May 11th. Morgan Stanley increased their price target on GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, Needham & Company LLC lifted their price objective on GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GlobalFoundries has a consensus rating of “Hold” and a consensus price target of $74.62.
Check Out Our Latest Analysis on GlobalFoundries
Hedge Funds Weigh In On GlobalFoundries
A number of hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. increased its stake in GlobalFoundries by 8,275,141.2% during the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after purchasing an additional 2,813,548 shares during the last quarter. HRT Financial LP acquired a new position in shares of GlobalFoundries in the 4th quarter valued at about $62,996,000. AQR Capital Management LLC boosted its holdings in shares of GlobalFoundries by 168.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock valued at $93,463,000 after buying an additional 1,635,338 shares during the period. Marshall Wace LLP grew its position in shares of GlobalFoundries by 126.0% during the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock valued at $83,180,000 after buying an additional 1,328,129 shares during the last quarter. Finally, UBS Group AG grew its position in shares of GlobalFoundries by 136.7% during the 4th quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock valued at $63,178,000 after buying an additional 1,044,755 shares during the last quarter.
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.
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