Key Points
- Insider sale: GlobalFoundries insider Samak Azar sold 335 shares on June 4 at an average price of $82.00, totaling about $27,470. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Recent earnings beat: GlobalFoundries reported quarterly EPS of $0.40, topping analyst expectations of $0.35, while revenue came in at $1.63 billion, roughly in line with estimates. Revenue rose 3.1% year over year.
- Dividend and analyst view: The company declared a quarterly dividend of $0.12 per share, payable July 14, for an annualized yield of 0.6%. Analysts currently rate the stock a consensus Hold with a price target of $69.88.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $82.00, for a total transaction of $27,470.00. Following the completion of the sale, the insider owned 14,489 shares in the company, valued at approximately $1,188,098. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Stock Performance
Shares of NASDAQ GFS opened at $77.31 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. The company has a market cap of $43.02 billion, a P/E ratio of 55.62, a P/E/G ratio of 2.67 and a beta of 1.77. The firm's fifty day moving average is $64.59 and its two-hundred day moving average is $49.63. GlobalFoundries Inc. has a 52-week low of $31.51 and a 52-week high of $92.55.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. The company had revenue of $1.63 billion for 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%. GlobalFoundries's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, analysts anticipate that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.
GlobalFoundries Dividend Announcement
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 issued 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.
Analyst Upgrades and Downgrades
GFS has been the topic of a number of research reports. Loop Capital set a $80.00 target price on shares of GlobalFoundries in a report on Monday, May 4th. Citigroup boosted their target price on shares of GlobalFoundries from $49.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. TD Cowen restated a "buy" rating on shares of GlobalFoundries in a report on Thursday, February 12th. Dbs Bank downgraded shares of GlobalFoundries from a "moderate buy" rating to a "hold" rating in a report on Friday, February 13th. Finally, Robert W. Baird set a $100.00 target price on shares of GlobalFoundries in a report on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $69.88.
Read Our Latest Analysis on GFS
Institutional Trading of GlobalFoundries
A number of large investors have recently made changes to their positions in GFS. WealthCollab LLC grew its holdings in GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company's stock valued at $25,000 after purchasing an additional 614 shares during the last quarter. True Wealth Design LLC grew its holdings in GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company's stock valued at $28,000 after purchasing an additional 544 shares during the last quarter. Clearstead Advisors LLC grew its holdings in GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company's stock valued at $29,000 after purchasing an additional 387 shares during the last quarter. Parallel Advisors LLC grew its holdings in GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company's stock valued at $37,000 after purchasing an additional 237 shares during the last quarter. Finally, Covestor Ltd grew its holdings in GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company's stock valued at $33,000 after purchasing an additional 349 shares during 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
