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

Key Points

• GlobalFoundries insider Samak Azar sold 335 shares at an average price of $46.26, generating $15,497.10. The pre-arranged Rule 10b5-1 transaction reduced Azar’s holdings by 4.12% to 7,789 shares.
• GFS shares recently traded at $44.39, with the stock down substantially from its 12-month high of $92.55. The company reported quarterly EPS of $0.46 and revenue of $1.79 billion, both slightly above analyst expectations.
• Analyst sentiment remains mixed, with eight Buy, ten Hold, and two Sell ratings; the overall consensus is Hold, with an average price target of $75.79. Several institutional investors increased their positions during the first half of the year.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of the business's stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $46.26, for a total value of $15,497.10. Following the transaction, the insider owned 7,789 shares in the company, valued at approximately $360,319.14. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Price Performance

Shares of GFS stock traded up $1.02 during trading hours on Friday, reaching $44.39. The company had a trading volume of 3,414,544 shares, compared to its average volume of 4,415,502. 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 stock has a fifty day moving average of $47.06 and a 200-day moving average of $59.83. The company has a market capitalization of $24.36 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 1.51 and a beta of 1.77. GlobalFoundries Inc. has a 12-month low of $32.02 and a 12-month high of $92.55.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, equities analysts anticipate that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

Hedge Funds Weigh In On GlobalFoundries

Hedge funds have recently modified their holdings of the business. Sei Investments Co. raised its holdings in GlobalFoundries by 239.0% in the 1st quarter. Sei Investments Co. now owns 48,246 shares of the company's stock valued at $2,146,000 after buying an additional 34,014 shares during the period. 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 buying an additional 450,722 shares during the period. First Trust Advisors LP boosted its stake in GlobalFoundries by 97.4% during the first quarter. First Trust Advisors LP now owns 264,837 shares of the company's stock worth $11,780,000 after buying an additional 130,643 shares during the period. Janus Henderson Group PLC purchased a new position in GlobalFoundries during the first quarter worth about $1,108,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of GlobalFoundries during the second quarter valued at about $3,067,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GFS shares. UBS Group cut their price objective on shares of GlobalFoundries from $61.00 to $55.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. Robert W. Baird set a $140.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Morgan Stanley reiterated a "negative" rating and issued a $60.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. TD Cowen reissued a "buy" rating and issued a $75.00 price target on shares of GlobalFoundries in a research note on Thursday, October 15th. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of GlobalFoundries in a report on Thursday, October 15th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, GlobalFoundries presently has a consensus rating of "Hold" and an average price target of $75.79.

About GlobalFoundries

GlobalFoundries Inc NASDAQ: GFS is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.

GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.

The company was established in 2009 through the separation of Advanced Micro Devices' manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.

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