Samak Azar Sells 500 Shares of GlobalFoundries (NASDAQ:GFS) Stock

Key Points

• Insider Samak Azar sold 500 shares of GlobalFoundries on April 9 at an average price of $47.60 for $23,800 under a pre-arranged Rule 10b5-1 plan, trimming his stake by 2.7% to 17,994 shares (≈$856,514).
• GlobalFoundries beat quarterly estimates with EPS of $0.55 versus $0.47 expected and revenue of $1.83B (vs. $1.80B), and issued Q1 2026 EPS guidance of $0.30–$0.40.
• The stock traded at $49.19 (up 0.5%) with a market cap of $27.37B, and analysts' consensus is a "Hold" with an average price target of $46.13.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 500 shares of the firm's stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $47.60, for a total transaction of $23,800.00. Following the completion of the transaction, the insider owned 17,994 shares in the company, valued at $856,514.40. This represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Up 0.5%

NASDAQ:GFS traded up $0.26 during trading hours on Monday, hitting $49.19. The company had a trading volume of 835,990 shares, compared to its average volume of 3,909,926. The company has a market capitalization of $27.37 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.46. The stock has a 50-day moving average price of $45.29 and a 200 day moving average price of $39.92. GlobalFoundries Inc. has a 52 week low of $30.69 and a 52 week high of $50.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.62 and a quick ratio of 1.95.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.08. The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.80 billion. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. GlobalFoundries's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. On average, equities research analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GFS. The Goldman Sachs Group raised their price target on GlobalFoundries from $40.00 to $46.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 11th. Dbs Bank downgraded GlobalFoundries from a "moderate buy" rating to a "hold" rating in a research report on Friday, February 13th. Morgan Stanley set a $43.00 target price on GlobalFoundries in a research note on Monday, February 9th. Weiss Ratings upgraded GlobalFoundries from a "sell (d)" rating to a "hold (c)" rating in a research note on Monday, March 2nd. Finally, Wedbush increased their target price on GlobalFoundries from $40.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $46.13.

Hedge Funds Weigh In On GlobalFoundries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in GlobalFoundries by 7.9% in the third quarter. Invesco Ltd. now owns 2,962,385 shares of the company's stock worth $106,172,000 after acquiring an additional 217,866 shares in the last quarter. AQR Capital Management LLC boosted its holdings in GlobalFoundries by 9.9% in the fourth quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company's stock worth $100,047,000 after acquiring an additional 257,254 shares in the last quarter. First Trust Advisors LP boosted its holdings in GlobalFoundries by 15.2% in the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company's stock worth $95,315,000 after acquiring an additional 350,743 shares in the last quarter. Marshall Wace LLP boosted its holdings in GlobalFoundries by 126.0% in the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company's stock worth $83,180,000 after acquiring an additional 1,328,129 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC boosted its holdings in GlobalFoundries by 5.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,274,261 shares of the company's stock worth $81,510,000 after acquiring an additional 124,812 shares in the last quarter.

About GlobalFoundries

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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