GlobalFoundries (NASDAQ:GFS) Insider Sells $16,053.20 in Stock

GlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) insider Samak Azar sold 335 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $47.92, for a total transaction of $16,053.20. Following the sale, the insider owned 8,794 shares in the company, valued at approximately $421,408.48. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Performance

Shares of NASDAQ GFS opened at $50.17 on Monday. 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’s 50-day moving average price is $47.96 and its two-hundred day moving average price is $59.46. GlobalFoundries Inc. has a 52-week low of $32.02 and a 52-week high of $92.55. The stock has a market capitalization of $27.53 billion, a P/E ratio of 39.20, a P/E/G ratio of 1.59 and a beta of 1.77.

GlobalFoundries (NASDAQ:GFS – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company earned $0.42 earnings per share. The business’s 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, sell-side analysts forecast that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

GlobalFoundries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 23rd. GlobalFoundries’s dividend payout ratio (DPR) is presently 37.50%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GFS. HBK Investments L P bought a new stake in shares of GlobalFoundries during the second quarter valued at about $989,000. Sequoia Financial Advisors LLC bought a new position in GlobalFoundries in the 2nd quarter valued at about $404,000. WINTON GROUP Ltd acquired a new position in GlobalFoundries during the 2nd quarter valued at about $363,000. NewEdge Advisors LLC increased its stake in GlobalFoundries by 3,658.5% during the 2nd quarter. NewEdge Advisors LLC now owns 4,886 shares of the company’s stock valued at $403,000 after buying an additional 4,756 shares during the period. Finally, Waverly Advisors LLC bought a new stake in shares of GlobalFoundries during the 2nd quarter worth about $222,000.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GFS shares. Jefferies Financial Group set a $60.00 price target on shares of GlobalFoundries in a research report on Wednesday, August 5th. Zacks Research downgraded shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Arete Research set a $95.00 target price on shares of GlobalFoundries in a research note on Wednesday, June 10th. Cantor Fitzgerald restated an “overweight” rating on shares of GlobalFoundries in a research report on Tuesday, September 8th. Finally, Stifel Nicolaus initiated coverage on shares of GlobalFoundries in a research note on Tuesday, September 1st. They issued a “buy” rating and a $60.00 price target on the stock. Nine 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.32.

Get Our Latest Report on GFS

GlobalFoundries Company Profile

(Get Free Report)

GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers’ designs and supporting them through process development, wafer fabrication, packaging, and related services.

Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.

Further Reading

Insider Buying and Selling by Quarter for GlobalFoundries (NASDAQ:GFS)

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