Key Points
- GlobalFoundries insider Samak Azar sold 500 shares on May 7 at an average price of $72.19, totaling $36,095. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The company beat quarterly earnings expectations, reporting $0.40 EPS versus the $0.35 estimate, while revenue came in at $1.63 billion, in line with forecasts. GlobalFoundries also said revenue rose 3.1% from a year earlier.
- GlobalFoundries raised its outlook and dividend visibility, setting Q2 2026 EPS guidance at 0.250-0.350 and announcing a quarterly dividend of $0.12 per share, or $0.48 annually. Analysts remain mixed overall, with a consensus rating of Hold and an average price target of $67.53.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 500 shares of GlobalFoundries stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $72.19, for a total transaction of $36,095.00. Following the completion of the transaction, the insider owned 15,994 shares of the company's stock, valued at $1,154,606.86. This represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Stock Up 1.2%
GlobalFoundries stock opened at $74.99 on Tuesday. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $76.98. The firm has a market capitalization of $41.73 billion, a price-to-earnings ratio of 53.95, a P/E/G ratio of 2.90 and a beta of 1.71. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $51.32 and a 200 day simple moving average of $43.43.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the business earned $0.34 EPS. GlobalFoundries's revenue was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, analysts predict that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.
GlobalFoundries Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, June 24th.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on GFS. UBS Group lifted their price objective on shares of GlobalFoundries from $65.00 to $77.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Needham & Company LLC lifted their price objective on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Morgan Stanley lifted their price objective on shares of GlobalFoundries from $58.00 to $65.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upped their price target on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $100.00 price target on shares of GlobalFoundries in a report on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $67.53.
Get Our Latest Stock Report on GFS
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Invesco Ltd. increased its holdings in shares of 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 purchasing an additional 217,866 shares during the period. AQR Capital Management LLC increased its holdings in shares of 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 purchasing an additional 257,254 shares during the period. Bessemer Group Inc. increased its holdings in shares of GlobalFoundries by 8,275,141.2% in the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company's stock worth $125,147,000 after purchasing an additional 2,813,548 shares during the period. First Trust Advisors LP increased its holdings in shares of 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 purchasing an additional 350,743 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of 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 purchasing an additional 1,328,129 shares during the period.
About GlobalFoundries
(
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.
Further Reading
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