Key Points
- Insider Samak Azar sold 500 shares on April 23 at an average price of $59.66 for a total of $29,830, reducing his stake by 2.86% to 16,994 shares, and the transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
- GlobalFoundries beat estimates with quarterly EPS of $0.55 versus $0.47 expected and revenue of $1.83 billion versus $1.80 billion, and set Q1 2026 guidance of $0.30–$0.40 EPS.
- Shares opened at $60.35 and were trading down about 2.3%; the company has a market cap of $33.58 billion and an average analyst rating of "Hold" with a consensus price target of $46.13.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 500 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $59.66, for a total value of $29,830.00. Following the completion of the sale, the insider directly owned 16,994 shares of the company's stock, valued at $1,013,862.04. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Trading Down 2.3%
NASDAQ GFS opened at $60.35 on Tuesday. The firm has a market capitalization of $33.58 billion, a P/E ratio of 37.96, a PEG ratio of 2.44 and a beta of 1.46. The business has a fifty day simple moving average of $47.77 and a 200 day simple moving average of $41.49. GlobalFoundries Inc. has a 12 month low of $31.51 and a 12 month high of $65.05. The company has a current ratio of 2.62, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.08. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.80 billion. GlobalFoundries had a return on equity of 6.86% and a net margin of 13.05%.GlobalFoundries's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. On average, analysts predict that GlobalFoundries Inc. will post 1.37 EPS for the current fiscal year.
Institutional Investors Weigh In On GlobalFoundries
Large investors have recently made changes to their positions in the business. Rafferty Asset Management LLC increased its position in shares of GlobalFoundries by 18.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 372,122 shares of the company's stock valued at $13,337,000 after purchasing an additional 57,774 shares during the last quarter. CWM LLC increased its position in shares of GlobalFoundries by 973.6% during the 3rd quarter. CWM LLC now owns 50,943 shares of the company's stock valued at $1,826,000 after purchasing an additional 46,198 shares during the last quarter. SG Americas Securities LLC increased its position in shares of GlobalFoundries by 997.6% during the 3rd 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 during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of GlobalFoundries during the 3rd quarter valued at $3,308,000. Finally, First Trust Advisors LP increased its position in shares of GlobalFoundries by 15.2% during the 3rd 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 during the last quarter.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. UBS Group set a $50.00 price target on GlobalFoundries in a research report on Thursday, February 12th. Robert W. Baird increased their price target on GlobalFoundries from $40.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 12th. Susquehanna reissued a "neutral" rating and issued a $50.00 price target on shares of GlobalFoundries in a research report on Thursday, February 12th. The Goldman Sachs Group increased their price target on GlobalFoundries from $40.00 to $46.00 and gave the company a "neutral" rating in a research report on Wednesday, February 11th. Finally, Zacks Research raised GlobalFoundries from a "strong sell" rating to a "hold" rating in a research report on Friday, January 30th. Six analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $46.13.
View Our Latest Analysis on GFS
GlobalFoundries Company Profile
(
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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