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

Key Points

• Insider sale: GlobalFoundries insider Samak Azar sold 335 shares for approximately $15,031 under a pre-arranged Rule 10b5-1 plan, reducing the position by 3.42%.
• Financial performance: The company beat quarterly earnings and revenue estimates, reporting $0.46 in EPS and $1.79 billion in revenue, while guiding for third-quarter EPS of $0.46–$0.56. It also declared a quarterly dividend of $0.12 per share.
• Market outlook: Shares rose 4.3% to $47.82, supported by an expanded Marvell manufacturing agreement tied to AI data-center connectivity. Analysts remain divided, with an overall “Hold” rating and an average price target of $74.32.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $44.87, for a total transaction of $15,031.45. Following the transaction, the insider directly owned 9,464 shares in the company, valued at $424,649.68. The trade was a 3.42% decrease in their position. The transaction was disclosed in a legal 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 Trading Up 4.3%

NASDAQ:GFS traded up $1.98 during trading hours on Friday, hitting $47.82. The stock had a trading volume of 6,556,561 shares, compared to its average volume of 4,284,128. GlobalFoundries Inc. has a one year low of $32.02 and a one year 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 cap of $26.24 billion, a price-to-earnings ratio of 37.36, a P/E/G ratio of 1.37 and a beta of 1.78. The business's 50 day moving average is $50.55 and its 200-day moving average is $59.29.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates 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 period last year, the firm posted $0.42 earnings per share. The business's quarterly revenue was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Sell-side analysts anticipate that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

The firm also recently announced 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 payout ratio is currently 37.50%.

Key Stories Impacting GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Expanded Marvell agreement supports growth visibility. GlobalFoundries and Marvell Technology NASDAQ: MRVL expanded their multiyear manufacturing agreement to increase production of silicon-germanium (SiGe) chips at GFS’s Burlington, Vermont, facility. SiGe technology supports faster, more energy-efficient optical connections used in AI and cloud data centers, potentially improving capacity utilization and strengthening GFS’s position in specialized connectivity semiconductors. Reuters article
• Positive Sentiment: AI infrastructure demand is creating a favorable end-market catalyst. Reports characterize the agreement as a response to rising demand for high-speed optical connectivity as data-center operators expand AI networks. The additional SiGe capacity could accelerate revenue growth in a business area that is reportedly outpacing broader semiconductor markets on a percentage basis. Zacks article
• Positive Sentiment: Potential Japan-U.S. investment adds a further strategic possibility. Reports say GlobalFoundries could operate a U.S. chip plant under a Japan-backed investment arrangement. However, the report remains preliminary, so investors will likely need additional details on timing, funding, ownership and expected financial returns. Yahoo Finance article
• Neutral Sentiment: Unusually heavy call-option activity indicates increased speculative interest in GFS, but options volume alone does not establish a fundamental change in the company’s outlook.
• Neutral Sentiment: Analyst comparisons with Taiwan Semiconductor Manufacturing and Ultra Clean provide valuation and competitive context, but do not represent new company-specific developments. Company comparison article

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GFS. Bessemer Group Inc. boosted its position in GlobalFoundries by 8,275,141.2% during the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company's stock worth $125,147,000 after acquiring an additional 2,813,548 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in GlobalFoundries by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company's stock worth $59,571,000 after purchasing an additional 31,590 shares during the last quarter. Bank of America Corp DE boosted its holdings 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 purchasing an additional 450,722 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in GlobalFoundries by 322.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company's stock valued at $31,803,000 after purchasing an additional 545,900 shares in the last quarter. Finally, Atreides Management LP bought a new position in GlobalFoundries in the first quarter valued at $21,110,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. UBS Group dropped their price target on GlobalFoundries from $61.00 to $55.00 and set a "neutral" rating on the stock in a research report on Thursday, August 6th. Zacks Research lowered GlobalFoundries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Morgan Stanley reissued a "negative" rating and set a $60.00 target price on shares of GlobalFoundries in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of GlobalFoundries in a report on Monday, August 10th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of GlobalFoundries in a research note on Tuesday, September 8th. 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's stock. Based on data from MarketBeat.com, GlobalFoundries has an average rating of "Hold" and an average target price of $74.32.

About GlobalFoundries

GlobalFoundries Inc NASDAQ: GFS is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.

The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.

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