GlobalFoundries (NASDAQ:GFS) Stock: Insider Samak Azar Sells 335 Shares

Key Points

• Insider sale: GlobalFoundries insider Samak Azar sold 335 shares for approximately $16,053 under a pre-arranged Rule 10b5-1 plan, reducing their direct holdings by 3.67% to 8,794 shares.
• Stock and financial performance: GFS shares rose 3.1% to $50.17. In its latest quarter, the company reported $0.46 in EPS and $1.79 billion in revenue, exceeding analyst expectations, while revenue increased 5.8% year over year.
• Investor outlook: GlobalFoundries declared a quarterly dividend of $0.12 per share, representing a 1.0% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $74.32.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of the business's stock in a transaction on 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 directly owned 8,794 shares in the company, valued at approximately $421,408.48. The trade was a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Up 3.1%

GlobalFoundries stock traded up $1.49 during trading hours on Friday, hitting $50.17. The stock had a trading volume of 3,645,835 shares, compared to its average volume of 4,244,077. The business's 50 day simple moving average is $48.03 and its 200-day simple moving average is $59.42. GlobalFoundries Inc. has a one year low of $32.02 and a one year high of $92.55. The stock has a market cap of $27.53 billion, a price-to-earnings ratio of 39.20, a P/E/G ratio of 1.52 and a beta of 1.76. 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 issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. GlobalFoundries's revenue for the quarter 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, equities analysts predict that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GFS. Bessemer Group Inc. lifted its stake in shares of GlobalFoundries by 8,275,141.2% in the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company's stock valued at $125,147,000 after buying an additional 2,813,548 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of GlobalFoundries by 322.8% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company's stock worth $31,803,000 after acquiring an additional 545,900 shares in the last quarter. Atreides Management LP acquired a new stake in shares of GlobalFoundries in the 1st quarter worth about $21,110,000. Bank of America Corp DE raised its holdings in shares of 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 acquiring an additional 450,722 shares during the last quarter. Finally, ING Groep NV bought a new position in GlobalFoundries in the 4th quarter valued at about $13,854,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GFS shares. UBS Group reduced their price objective on shares of GlobalFoundries from $61.00 to $55.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Stifel Nicolaus initiated coverage on shares of GlobalFoundries in a research report on Tuesday, September 1st. They set a "buy" rating and a $60.00 price target on the stock. Cantor Fitzgerald reiterated an "overweight" rating on shares of GlobalFoundries in a report on Tuesday, September 8th. Morgan Stanley reiterated a "negative" rating and issued a $60.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Finally, Arete Research set a $95.00 price target on GlobalFoundries in a research note on Wednesday, June 10th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, GlobalFoundries presently has a consensus rating of "Hold" and an average 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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