Key Points
- Insider sale: GlobalFoundries insider Samak Azar sold 335 shares on May 21 for about $26,126.65 at an average price of $77.99. The filing noted the trade was made under a pre-arranged Rule 10b5-1 plan.
- Latest results: GlobalFoundries reported quarterly EPS of $0.40, topping estimates by $0.05, while revenue of $1.63 billion matched forecasts and rose 3.1% year over year. The company also issued Q2 2026 guidance of $0.25-$0.35 EPS.
- Dividend and sentiment: The company declared a quarterly dividend of $0.12 per share, payable July 14, implying a 0.5% annual yield. Analysts currently have a Hold consensus rating with an average price target of $69.88.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of the firm's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $77.99, for a total transaction of $26,126.65. Following the transaction, the insider owned 15,159 shares of the company's stock, valued at approximately $1,182,250.41. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Price Performance
GFS stock opened at $89.96 on Wednesday. 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 one year low of $31.51 and a one year high of $92.55. The firm has a market capitalization of $50.06 billion, a PE ratio of 64.72, a P/E/G ratio of 3.03 and a beta of 1.71. The firm has a 50-day moving average of $57.94 and a two-hundred day moving average of $46.62.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 EPS 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 company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. The business's quarterly revenue was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, analysts forecast that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.
GlobalFoundries Announces Dividend
The company 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. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.5%.
Analyst Ratings Changes
A number of analysts have commented on the stock. Zacks Research raised shares of GlobalFoundries from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. Weiss Ratings raised shares of GlobalFoundries from a "sell (d)" rating to a "hold (c)" rating in a research note on Monday, March 2nd. Evercore reaffirmed an "outperform" rating and set a $85.00 price objective on shares of GlobalFoundries in a research note on Tuesday, May 19th. Jefferies Financial Group reaffirmed a "hold" rating and set a $65.00 price objective on shares of GlobalFoundries in a research note on Wednesday, May 6th. Finally, Loop Capital set a $80.00 price objective on shares of GlobalFoundries in a research note on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $69.88.
Read Our Latest Stock Analysis on GFS
Institutional Trading of GlobalFoundries
A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in shares of GlobalFoundries by 8.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company's stock worth $87,000 after purchasing an additional 154 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company's stock worth $37,000 after purchasing an additional 237 shares in the last quarter. Vident Advisory LLC lifted its position in shares of GlobalFoundries by 5.0% in the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company's stock worth $215,000 after purchasing an additional 293 shares in the last quarter. Profund Advisors LLC lifted its position in shares of GlobalFoundries by 0.7% in the third quarter. Profund Advisors LLC now owns 45,349 shares of the company's stock worth $1,625,000 after purchasing an additional 299 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its position in shares of GlobalFoundries by 9.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company's stock worth $125,000 after purchasing an additional 305 shares in the last quarter.
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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