GlobalFoundries (NASDAQ:GFS) Insider Pradheepa Raman Sells 2,145 Shares of Stock

Key Points

• GlobalFoundries insider Pradheepa Raman sold 2,145 shares at an average price of $48.83, totaling $104,740.35. The transaction occurred under a Rule 10b5-1 plan to cover tax withholding tied to vested equity awards and reduced Raman’s holdings by 50%.
• GlobalFoundries shares rose 0.2% to $47.86, while the company reported quarterly revenue of $1.79 billion and EPS of $0.46, exceeding analyst expectations. The company also declared a quarterly dividend of $0.12 per share, yielding about 1.0% annually.
• Analyst sentiment is mixed, with a consensus rating of “Hold” and an average price target of $74.32 versus the current share price.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Pradheepa Raman sold 2,145 shares of the company's stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $48.83, for a total transaction of $104,740.35. Following the completion of the transaction, the insider owned 2,145 shares in the company, valued at approximately $104,740.35. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Pradheepa Raman also recently made the following trade(s):

• On Tuesday, August 18th, Pradheepa Raman sold 6,760 shares of GlobalFoundries stock. The shares were sold at an average price of $51.12, for a total transaction of $345,571.20.

GlobalFoundries Stock Up 0.2%

Shares of GFS traded up $0.08 on Tuesday, hitting $47.86. 2,257,464 shares of the stock traded hands, compared to its average volume of 4,268,067. The company has a market capitalization of $26.26 billion, a PE ratio of 37.39, a P/E/G ratio of 1.56 and a beta of 1.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The business has a 50 day simple moving average of $48.63 and a 200 day simple moving average of $59.30. GlobalFoundries Inc. has a one year low of $32.02 and a one year high of $92.55.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (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 business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the prior year, the firm posted $0.42 EPS. The firm's quarterly revenue was up 5.8% on a year-over-year basis. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, equities analysts forecast that GlobalFoundries Inc. will post 1.48 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries's dividend payout ratio is presently 37.50%.

Institutional Trading of GlobalFoundries

Several large investors have recently modified their holdings of GFS. Bessemer Group Inc. raised its position in shares of GlobalFoundries by 8,275,141.2% during the 1st 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 period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of GlobalFoundries by 322.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company's stock valued at $31,803,000 after buying an additional 545,900 shares in the last quarter. Atreides Management LP bought a new position in GlobalFoundries in the 1st quarter worth $21,110,000. Bank of America Corp DE boosted its holdings in GlobalFoundries by 106.1% in the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company's stock worth $38,936,000 after buying an additional 450,722 shares during the period. Finally, ING Groep NV purchased a new stake in GlobalFoundries in the 4th quarter worth $13,854,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of GlobalFoundries in a research note on Monday, August 10th. TD Cowen dropped their price target on shares of GlobalFoundries from $85.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Cantor Fitzgerald reiterated an "overweight" rating on shares of GlobalFoundries in a research note on Tuesday, September 8th. Finally, Stifel Nicolaus started coverage on shares of GlobalFoundries in a report on Tuesday, September 1st. They set a "buy" rating and a $60.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $74.32.

About GlobalFoundries

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.

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