GlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) insider Samak Azar sold 335 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $48.29, for a total transaction of $16,177.15. Following the completion of the transaction, the insider directly owned 11,474 shares of the company’s stock, valued at $554,079.46. This represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Price Performance
NASDAQ:GFS opened at $50.05 on Tuesday. The business’s 50-day simple moving average is $68.51 and its two-hundred day simple moving average is $58.98. GlobalFoundries Inc. has a 52 week low of $31.51 and a 52 week high of $92.55. The stock has a market cap of $27.46 billion, a PE ratio of 39.10, a P/E/G ratio of 1.56 and a beta of 1.80. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last released its quarterly earnings data 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. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, analysts forecast that GlobalFoundries Inc. will post 1.39 EPS for the current fiscal year.
GlobalFoundries Announces Dividend
Analyst Ratings Changes
GFS has been the topic of several research analyst reports. Morgan Stanley reissued a “negative” rating and issued a $60.00 target price on shares of GlobalFoundries in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a research note on Friday, May 29th. Robert W. Baird set a $140.00 price objective on shares of GlobalFoundries in a report on Thursday. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on GlobalFoundries in a research report on Monday. Finally, Needham & Company LLC boosted their target price on GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $75.11.
Read Our Latest Analysis on GFS
Institutional Trading of GlobalFoundries
Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in GlobalFoundries by 4.4% during the first 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 last quarter. AQR Capital Management LLC raised its position in 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 lifted its stake in shares of GlobalFoundries by 7,120.1% in the 1st 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 last quarter. American Century Companies Inc. lifted its stake in shares of GlobalFoundries by 3.4% in the 2nd 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 during the last quarter. Finally, M&T Bank Corp purchased a new position in shares of GlobalFoundries in the 2nd quarter worth approximately $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.
Read More
- Five stocks we like better than GlobalFoundries
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Receive News & Ratings for GlobalFoundries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GlobalFoundries and related companies with MarketBeat.com's FREE daily email newsletter.
