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

Key Points

• GlobalFoundries insider Samak Azar sold 335 shares at an average price of $46.80, worth $15,678, reducing their direct ownership by 3.96% to 8,124 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• GFS shares fell 4.3% to $46.68, well below their 200-day moving average of $59.74, despite the company recently exceeding quarterly earnings and revenue estimates.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and $75.79 price target; the company is also pursuing major expansion plans, including up to $21 billion in Japanese funding for two New York chip fabs expected to begin operating in 2029.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $46.80, for a total value of $15,678.00. Following the transaction, the insider directly owned 8,124 shares in the company, valued at $380,203.20. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 4.3%

Shares of NASDAQ GFS traded down $2.08 during trading on Friday, reaching $46.68. The company had a trading volume of 6,105,932 shares, compared to its average volume of 4,369,710. The company's fifty day moving average price is $47.65 and its 200-day moving average price is $59.74. GlobalFoundries Inc. has a 12 month low of $32.02 and a 12 month high of $92.55. The stock has a market cap of $25.61 billion, a P/E ratio of 36.47, a PEG ratio of 1.55 and a beta of 1.77. 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 results on Wednesday, August 5th. The company reported $0.46 earnings per share 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 analysts' expectations of $1.77 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The business'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, research analysts expect that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on GFS. TD Cowen reissued a "buy" rating and set a $75.00 target price on shares of GlobalFoundries in a research report on Thursday. Jefferies Financial Group set a $60.00 price target on shares of GlobalFoundries in a research report on Wednesday, August 5th. 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. Robert W. Baird set a $140.00 price objective on shares of GlobalFoundries in a research report on Thursday, August 6th. Finally, Stifel Nicolaus assumed coverage on shares of GlobalFoundries in a research report on Tuesday, September 1st. They set a "buy" rating and a $60.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $75.79.

Institutional Trading of GlobalFoundries

Large investors have recently modified their holdings of the stock. Bessemer Group Inc. increased its stake in shares of GlobalFoundries by 8,275,141.2% in the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company's stock valued at $125,147,000 after acquiring an additional 2,813,548 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position 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 acquiring an additional 545,900 shares during the period. Atreides Management LP acquired a new position in shares of GlobalFoundries during the 1st quarter valued at $21,110,000. Bank of America Corp DE boosted its stake in GlobalFoundries by 106.1% during the first 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 in the last quarter. Finally, Delta Global Management LP bought a new position in GlobalFoundries during the first quarter worth $17,430,000.

Trending Headlines about GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries will build two chip fabs in Malta, New York, with up to $21 billion in Japanese funding. The company is expected to operate the facilities without bearing the full construction cost, potentially improving the economics of future capacity expansion. Apple, General Motors, Cirrus Logic and Renesas are reportedly lined up as customers ahead of a planned 2029 start. GlobalFoundries' $21 Billion Deal Could Change the Economics of Chipmaking
• Positive Sentiment: The Trump administration plans to increase its equity stake in GlobalFoundries from 3% to 7%, strengthening government support and aligning the company with U.S. semiconductor manufacturing and supply-chain priorities. Trump administration doubles its equity stake in GlobalFoundries
• Positive Sentiment: Samsung may add GlobalFoundries as a display-chip supplier to address Galaxy phone production issues, offering a potential near-term customer and revenue opportunity. Samsung may add GlobalFoundries as display chip supplier
• Positive Sentiment: TD Cowen reaffirmed its “buy” rating with a $75 price target, while Wedbush maintained a $72 target, indicating substantial upside in both analysts’ estimates. GlobalFoundries analyst ratings
• Neutral Sentiment: The stock’s retreat follows a sharp advance triggered by the U.S.-Japan manufacturing announcement. Investors appear to be reassessing the deal’s benefits rather than treating it as an immediate earnings catalyst. GlobalFoundries shares retreat as investors weigh US-Japan manufacturing deal
• Negative Sentiment: The new fabs are not expected to begin operating until 2029, leaving substantial construction, customer-ramp and execution risk before the investment can materially affect results. The market’s reaction indicates some investors are focused on this long lead time and the uncertainty surrounding the expanded government involvement. GlobalFoundries falls after Trump administration doubles its equity stake

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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