GlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) insider Pradheepa Raman sold 6,760 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $51.12, for a total value of $345,571.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Stock Up 1.5%
GlobalFoundries stock opened at $48.05 on Friday. The company has a market capitalization of $26.37 billion, a PE ratio of 37.54, a PEG ratio of 1.19 and a beta of 1.80. GlobalFoundries Inc. has a 12-month low of $31.59 and a 12-month high of $92.55. The firm’s fifty day moving average is $63.28 and its 200 day moving average is $59.27. 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 announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating 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 analysts’ expectations of $1.77 billion. During the same quarter last year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter 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, sell-side analysts predict that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.
GlobalFoundries Dividend Announcement
Hedge Funds Weigh In On GlobalFoundries
Several large investors have recently modified their holdings of GFS. WealthCollab LLC lifted its stake in shares of GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after buying an additional 614 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in GlobalFoundries in the 2nd quarter valued at approximately $60,000. Parallel Advisors LLC grew its stake in GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after buying an additional 237 shares in the last quarter. Covestor Ltd grew its stake in GlobalFoundries by 57.6% in the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after buying an additional 349 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in GlobalFoundries during the 4th quarter valued at $35,000.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Morgan Stanley reaffirmed a “negative” rating and set a $60.00 target price on shares of GlobalFoundries in a research report on Thursday, August 6th. Needham & Company LLC boosted their price target on shares of GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price target on shares of GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of GlobalFoundries in a report on Monday, August 10th. Finally, Cantor Fitzgerald raised shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $50.00 to $80.00 in a research report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $75.11.
Check Out Our Latest Report on GlobalFoundries
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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