GlobalFoundries (NASDAQ:GFS) Insider Sells 335 Shares

Key Points

• Insider sale: GlobalFoundries insider Samak Azar sold 335 shares for approximately $16,177 under a pre-arranged Rule 10b5-1 trading plan, reducing their ownership by 2.84%.
• Quarterly results: The company reported adjusted earnings of $0.46 per share and revenue of $1.79 billion, exceeding analyst estimates, while revenue increased 5.8% year over year. GlobalFoundries issued third-quarter 2026 EPS guidance of $0.46–$0.56.
• Market and analyst view: Shares recently traded at $51.66, while analysts maintained a consensus “Hold” rating and an average price target of $75.11. The company also declared a quarterly dividend of $0.12 per share, equal to a 0.9% annualized yield.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $48.29, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Price Performance

NASDAQ:GFS traded down $2.27 during mid-day trading on Monday, reaching $51.66. 3,232,496 shares of the company were exchanged, compared to its average volume of 4,336,267. GlobalFoundries Inc. has a 12 month low of $31.51 and a 12 month high of $92.55. The company has a fifty day moving average of $69.11 and a 200 day moving average of $58.94. 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 stock has a market cap of $28.34 billion, a PE ratio of 40.32, a PEG ratio of 1.56 and a beta of 1.80.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced 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. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The company's revenue was up 5.8% on a year-over-year basis. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, research analysts anticipate that GlobalFoundries Inc. will post 1.39 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries's dividend payout ratio (DPR) is 37.50%.

Hedge Funds Weigh In On GlobalFoundries

A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of GlobalFoundries by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company's stock valued at $87,000 after acquiring an additional 154 shares in the last quarter. Parallel Advisors LLC boosted its stake in GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company's stock worth $37,000 after acquiring an additional 237 shares in the last quarter. Vident Advisory LLC grew its holdings in GlobalFoundries by 5.0% in the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company's stock worth $215,000 after purchasing an additional 293 shares during the period. Federation des caisses Desjardins du Quebec grew its holdings in GlobalFoundries by 9.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company's stock worth $125,000 after purchasing an additional 305 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in GlobalFoundries by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company's stock valued at $372,000 after purchasing an additional 324 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group set a $60.00 target price on shares of GlobalFoundries in a research note on Wednesday. Arete Research set a $95.00 price objective on GlobalFoundries in a research report on Wednesday, June 10th. UBS Group reduced their target price on GlobalFoundries from $61.00 to $55.00 and set a "neutral" rating for the company in a research note on Thursday. Citigroup boosted their target price on GlobalFoundries from $49.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. Finally, Morgan Stanley reaffirmed a "negative" rating and set a $60.00 price target on shares of GlobalFoundries in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, GlobalFoundries currently has a consensus rating of "Hold" and an average price target of $75.11.

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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