GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 500 shares of the company's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $63.00, for a total transaction of $31,500.00. Following the completion of the transaction, the insider owned 16,494 shares of the company's stock, valued at $1,039,122. This trade represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Price Performance
NASDAQ:GFS traded up $2.18 during midday trading on Monday, hitting $67.09. The company had a trading volume of 3,662,053 shares, compared to its average volume of 3,948,319. GlobalFoundries Inc. has a 52-week low of $31.51 and a 52-week high of $69.30. The stock's fifty day moving average price is $48.71 and its 200-day moving average price is $42.09. The company has a market capitalization of $37.33 billion, a PE ratio of 42.20, a P/E/G ratio of 2.56 and a beta of 1.71. The company has a quick ratio of 1.95, a current ratio of 2.62 and a debt-to-equity ratio of 0.13.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its earnings results on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.08. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business earned $0.46 earnings per share. The firm's quarterly revenue was up .0% compared to the same quarter last year. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. As a group, research analysts expect that GlobalFoundries Inc. will post 1.37 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts have issued reports on GFS shares. Wedbush restated a "neutral" rating and set a $50.00 price target on shares of GlobalFoundries in a research report on Monday. Susquehanna restated a "neutral" rating and set a $50.00 price target on shares of GlobalFoundries in a research report on Thursday, February 12th. Robert W. Baird upped their price target on shares of GlobalFoundries from $40.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 12th. Needham & Company LLC upped their price target on shares of GlobalFoundries from $42.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. Finally, The Goldman Sachs Group upped their price target on shares of GlobalFoundries from $40.00 to $46.00 and gave the company a "neutral" rating in a research report on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $50.12.
Read Our Latest Stock Report on GlobalFoundries
Institutional Trading of GlobalFoundries
Several institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its position in GlobalFoundries by 7.9% during the third quarter. Invesco Ltd. now owns 2,962,385 shares of the company's stock valued at $106,172,000 after buying an additional 217,866 shares during the period. AQR Capital Management LLC raised its stake in shares of GlobalFoundries by 9.9% during the fourth quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company's stock valued at $100,047,000 after acquiring an additional 257,254 shares during the last quarter. First Trust Advisors LP raised its stake in shares of GlobalFoundries by 15.2% during the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company's stock valued at $95,315,000 after acquiring an additional 350,743 shares during the last quarter. Marshall Wace LLP raised its stake in shares of GlobalFoundries by 126.0% during the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company's stock valued at $83,180,000 after acquiring an additional 1,328,129 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its stake in shares of GlobalFoundries by 5.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 2,274,261 shares of the company's stock valued at $81,510,000 after acquiring an additional 124,812 shares during the last quarter.
GlobalFoundries Company Profile
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Get Free Report)
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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