Key Points
- Insider sale: GlobalFoundries insider Samak Azar sold 335 shares at $80.90 each, totaling $27,101.50, under a pre-arranged Rule 10b5-1 trading plan. After the sale, Azar still owned 14,824 shares valued at about $1.2 million.
- Strong quarterly results: The company recently reported Q1 earnings of $0.40 per share, beating estimates by $0.05, while revenue came in at $1.63 billion, in line with expectations. Revenue also rose 3.1% year over year.
- Dividend and analyst outlook: GlobalFoundries declared a quarterly dividend of $0.12 per share, payable July 14, and now yields about 0.6%. Wall Street currently has a consensus Hold rating on the stock, with an average target price of $69.88.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $80.90, for a total value of $27,101.50. Following the transaction, the insider directly owned 14,824 shares of the company's stock, valued at approximately $1,199,261.60. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Performance
Shares of GFS stock opened at $79.93 on Tuesday. The stock has a fifty day moving average price of $60.91 and a 200 day moving average price of $47.92. The stock has a market cap of $44.47 billion, a PE ratio of 57.50, a P/E/G ratio of 2.83 and a beta of 1.77. GlobalFoundries Inc. has a 1 year low of $31.51 and a 1 year high of $92.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.63 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.GlobalFoundries's revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Sell-side analysts forecast that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.
GlobalFoundries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.48 annualized dividend and a yield of 0.6%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on GFS. Citigroup raised their price target on GlobalFoundries from $49.00 to $70.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 6th. Evercore reissued an "outperform" rating and set a $85.00 price target on shares of GlobalFoundries in a research report on Tuesday, May 19th. Jefferies Financial Group reissued a "hold" rating and set a $65.00 price target on shares of GlobalFoundries in a research report on Wednesday, May 6th. Cantor Fitzgerald raised GlobalFoundries from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $50.00 to $80.00 in a research report on Monday, May 4th. Finally, Dbs Bank downgraded GlobalFoundries from a "moderate buy" rating to a "hold" rating in a research report on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $69.88.
View Our Latest Stock Report on GlobalFoundries
Institutional Investors Weigh In On GlobalFoundries
A number of institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in GlobalFoundries by 8.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company's stock valued at $87,000 after acquiring an additional 154 shares during the period. Parallel Advisors LLC lifted its stake in shares of GlobalFoundries by 39.8% during 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 stake in shares of GlobalFoundries by 5.0% during 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 stake in shares of GlobalFoundries by 0.7% during 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 stake in shares of GlobalFoundries by 9.3% during 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.
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.
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