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

Key Points

• GlobalFoundries insider Samak Azar sold 335 shares at an average price of $43.24, totaling $14,485.40. The transaction, conducted under a Rule 10b5-1 plan, reduced Azar’s holdings by 3.2% to 10,134 shares.
• GlobalFoundries reported quarterly EPS of $0.46, exceeding estimates by $0.03, while revenue rose 5.8% year over year to $1.79 billion. The company also declared a quarterly dividend of $0.12 per share, equivalent to a 1.1% yield.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $74.32; ratings include nine Buys, nine Holds, and two Sells.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $43.24, for a total value of $14,485.40. Following the completion of the transaction, the insider directly owned 10,134 shares in the company, valued at approximately $438,194.16. The trade was a 3.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Stock Up 1.5%

Shares of GFS stock traded up $0.68 during mid-day trading on Friday, reaching $45.21. 2,627,720 shares of the company were exchanged, compared to its average volume of 4,281,401. GlobalFoundries Inc. has a fifty-two week low of $31.59 and a fifty-two week high of $92.55. 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 company has a market capitalization of $24.81 billion, a P/E ratio of 35.32, a P/E/G ratio of 1.40 and a beta of 1.78. The business's 50 day simple moving average is $56.21 and its 200 day simple moving average is $59.45.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings results 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 net margin of 10.36% and a return on equity of 6.69%. The firm 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 company posted $0.42 earnings per share. 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. Research analysts predict that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

GlobalFoundries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. GlobalFoundries's dividend payout ratio (DPR) is presently 37.50%.

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LP acquired a new position in GlobalFoundries during the 2nd quarter valued at approximately $1,371,000. California State Teachers Retirement System lifted its stake in GlobalFoundries by 2,079.2% in the second quarter. California State Teachers Retirement System now owns 146,772 shares of the company's stock valued at $12,095,000 after buying an additional 140,037 shares during the last quarter. Greenland Capital Management LP acquired a new position in shares of GlobalFoundries during the second quarter valued at $683,000. HB Wealth Management LLC grew its position in shares of GlobalFoundries by 7.0% during the second quarter. HB Wealth Management LLC now owns 5,472 shares of the company's stock worth $451,000 after acquiring an additional 358 shares during the last quarter. Finally, Meadowbrook Wealth Management LLC bought a new position in shares of GlobalFoundries during the second quarter worth about $488,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Stifel Nicolaus assumed coverage on GlobalFoundries in a report on Tuesday. They issued a "buy" rating and a $60.00 price objective for the company. Zacks Research lowered GlobalFoundries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. UBS Group lowered their price target on GlobalFoundries from $61.00 to $55.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Jefferies Financial Group set a $60.00 price target on GlobalFoundries in a research report on Wednesday, August 5th. Finally, TD Cowen reduced their price objective on GlobalFoundries from $85.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, GlobalFoundries currently has a consensus rating of "Hold" and an average target price of $74.32.

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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