Traders Purchase Large Volume of Call Options on GlobalFoundries (NASDAQ:GFS)

Key Points

• Traders bought an unusually large volume of calls on GlobalFoundries — 14,501 call options, a roughly 70% increase over the typical volume — signaling elevated bullish positioning in the stock.
• GlobalFoundries beat Q1 estimates with EPS $0.40 vs. $0.35 and roughly in‑line revenue of ~$1.63B, sending the stock to $70.05, but management guided Q2 to $0.25–$0.35 EPS, below street expectations and tempering near‑term upside.
• Several analysts raised ratings and price targets (notably Cantor Fitzgerald to an overweight and a $80 target), yet the consensus remains a "Hold" with an average target of about $50.12.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 14,501 call options on the company. This represents an increase of 70% compared to the typical volume of 8,528 call options.

GlobalFoundries Stock Performance

NASDAQ GFS traded up $2.30 during trading hours on Tuesday, hitting $70.05. 3,816,136 shares of the company's stock traded hands, compared to its average volume of 3,970,086. The business's fifty day moving average price is $48.71 and its two-hundred day moving average price is $42.09. The company has a current ratio of 2.62, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $38.98 billion, a P/E ratio of 44.04, a P/E/G ratio of 2.56 and a beta of 1.71. GlobalFoundries has a 52 week low of $31.51 and a 52 week high of $72.70.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities research analysts predict that GlobalFoundries will post 1.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of GlobalFoundries from $40.00 to $46.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 11th. Needham & Company LLC lifted their price target on shares of GlobalFoundries from $42.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Weiss Ratings upgraded shares of GlobalFoundries from a "sell (d)" rating to a "hold (c)" rating in a research note on Monday, March 2nd. Cantor Fitzgerald upgraded shares of GlobalFoundries from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $50.00 to $80.00 in a research note on Monday. Finally, Robert W. Baird lifted their price target on shares of GlobalFoundries from $40.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $50.12.

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries news, insider Samak L. Azar sold 500 shares of the firm's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $63.00, for a total transaction of $31,500.00. Following the completion of the sale, the insider directly owned 16,494 shares in the company, valued at approximately $1,039,122. This trade represents a 2.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,300 shares of the firm's stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $60.69, for a total transaction of $139,587.00. Following the sale, the insider owned 16,045 shares of the company's stock, valued at approximately $973,771.05. This represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 15,200 shares of company stock worth $801,067.

Institutional Trading of GlobalFoundries

Large investors have recently added to or reduced their stakes in the business. Rafferty Asset Management LLC grew its position in GlobalFoundries by 18.4% during the third quarter. Rafferty Asset Management LLC now owns 372,122 shares of the company's stock valued at $13,337,000 after buying an additional 57,774 shares during the period. SG Americas Securities LLC lifted its holdings in GlobalFoundries by 997.6% during the third quarter. SG Americas Securities LLC now owns 88,717 shares of the company's stock valued at $3,180,000 after purchasing an additional 80,634 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in GlobalFoundries during the third quarter valued at approximately $3,308,000. First Trust Advisors LP lifted its holdings in 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 purchasing an additional 350,743 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in GlobalFoundries during the third quarter valued at approximately $4,769,000.

GlobalFoundries News Summary

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Q1 results beat consensus: GFS reported $0.40 EPS vs. $0.35 expected and revenue roughly in line at ~$1.63B, showing modest year‑over‑year growth and improved margins — a core reason investors pushed the stock higher. Read More.
• Positive Sentiment: Company forecasts stronger Q2 revenue driven by accelerating data‑center deployments, suggesting demand tailwinds in higher‑margin customers (helps forward revenue visibility despite EPS guidance). Read More.
• Positive Sentiment: Cantor Fitzgerald upgraded the stock ahead of investor day, and the company introduced its SCALE™ optical module for co‑packaged optics targeting AI data centers — both fuel optimism on TAM expansion into AI infrastructure. Read More. Read More.
• Neutral Sentiment: Routine regulatory filings and slide decks were posted (Form 6‑K, press release and conference materials) — useful for detail but not market moving by themselves. Read More. Read More.
• Neutral Sentiment: Small insider sales were disclosed (pre‑arranged 10b5‑1 plans) — notable for transparency but not signaling management loss of confidence. Read More.
• Negative Sentiment: Q2 EPS guidance came in below consensus: management guided to $0.25–$0.35 vs. ~$0.39 street estimate, limiting upside and raising questions on margins/timing of customer ramps. Read More.
• Negative Sentiment: Wedbush reaffirmed a "neutral" rating with a $50 PT — a reminder some analysts see material downside from current levels and could cap further gains until guidance proves out. Read More.

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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