Key Points
- Insider sale: GlobalFoundries insider Samak Azar sold 500 shares on May 14 at an average price of $74.82, totaling $37,410. The trade was made under a pre-arranged Rule 10b5-1 plan, and his holdings fell 3.13% to 15,494 shares.
- Quarterly results beat expectations: GlobalFoundries reported Q1 earnings of $0.40 per share, topping estimates of $0.35, while revenue came in at $1.63 billion, in line with forecasts. Revenue rose 3.1% year over year.
- Dividend and analyst view: The company declared a quarterly dividend of $0.12 per share, or $0.48 annualized, for a 0.7% yield. Analysts currently rate the stock a consensus Hold with an average price target of $67.53.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 500 shares of the company's stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $74.82, for a total transaction of $37,410.00. Following the completion of the transaction, the insider owned 15,494 shares of the company's stock, valued at $1,159,261.08. This trade represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Price Performance
Shares of GFS stock opened at $67.84 on Tuesday. The company has a market capitalization of $37.75 billion, a PE ratio of 48.81, a price-to-earnings-growth ratio of 2.51 and a beta of 1.71. The firm has a fifty day simple moving average of $53.71 and a 200-day simple moving average of $44.73. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a twelve month low of $31.51 and a twelve month high of $76.98.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities research analysts anticipate that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.
GlobalFoundries Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, June 24th. GlobalFoundries's dividend payout ratio is 34.53%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Invesco Ltd. lifted its position in shares of GlobalFoundries by 7.9% in the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company's stock worth $106,172,000 after buying an additional 217,866 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of GlobalFoundries by 9.9% in the 4th quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company's stock worth $100,047,000 after buying an additional 257,254 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of GlobalFoundries by 8,275,141.2% in the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company's stock worth $125,147,000 after buying an additional 2,813,548 shares during the last quarter. First Trust Advisors LP lifted its position in shares of GlobalFoundries by 15.2% in the 3rd quarter. First Trust Advisors LP now owns 2,659,454 shares of the company's stock worth $95,315,000 after buying an additional 350,743 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of GlobalFoundries by 126.0% in the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company's stock worth $83,180,000 after buying an additional 1,328,129 shares during the last quarter.
Analyst Ratings Changes
GFS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of GlobalFoundries from $45.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Jefferies Financial Group reiterated a "hold" rating and set a $65.00 price objective on shares of GlobalFoundries in a research note on Wednesday, May 6th. Citigroup increased their price objective on shares of GlobalFoundries from $49.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Robert W. Baird set a $100.00 price objective on shares of GlobalFoundries in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of GlobalFoundries from a "sell (d)" rating to a "hold (c)" rating in a research note on Monday, March 2nd. Eight research 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, the stock presently has a consensus rating of "Hold" and an average price target of $67.53.
Get 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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