Key Points
- GlobalFoundries insider Samak Azar sold 335 shares for about $29,151 at an average price of $87.02 per share. The sale was part of a pre-arranged Rule 10b5-1 trading plan, and Azar’s ownership fell by 2.42%.
- The company’s recent earnings topped expectations, with Q1 EPS of $0.40 versus the $0.35 estimate and revenue of $1.63 billion, up 3.1% year over year. GlobalFoundries also guided Q2 2026 EPS to $0.25-$0.35.
- Analysts remain mixed on GFS despite several target-price increases, with a consensus rating of “Hold” and an average price target of $73.29. The stock also recently declared a quarterly dividend of $0.12 per share, yielding about 0.6% annually.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of the company's stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $87.02, for a total transaction of $29,151.70. Following the transaction, the insider owned 13,484 shares in the company, valued at $1,173,377.68. The trade was a 2.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Trading Up 1.5%
Shares of GlobalFoundries stock opened at $81.00 on Tuesday. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month high of $92.55. 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 stock has a market cap of $44.44 billion, a PE ratio of 58.27, a price-to-earnings-growth ratio of 2.82 and a beta of 1.77. The company has a 50-day moving average of $75.44 and a two-hundred day moving average of $54.48.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted 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 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 company's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, research analysts anticipate that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.
GlobalFoundries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be given a $0.12 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. GlobalFoundries's dividend payout ratio (DPR) is currently 34.53%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on GFS shares. Susquehanna boosted their price objective on shares of GlobalFoundries to $125.00 and gave the stock a "positive" rating in a research report on Monday, May 11th. Cantor Fitzgerald upgraded shares of GlobalFoundries from a "neutral" rating to an "overweight" rating and raised their target price for the company from $50.00 to $80.00 in a report on Monday, May 4th. Robert W. Baird set a $100.00 target price on shares of GlobalFoundries in a research report on Wednesday, May 6th. Weiss Ratings restated a "hold (c)" rating on shares of GlobalFoundries in a research report on Friday, May 29th. Finally, UBS Group increased their price target on shares of GlobalFoundries from $65.00 to $77.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $73.29.
View Our Latest Stock Analysis on GFS
Institutional Investors Weigh In On GlobalFoundries
A number of hedge funds and other institutional investors have recently made changes to their positions in GFS. WealthCollab LLC grew its position in shares of GlobalFoundries by 674.7% in the fourth quarter. WealthCollab LLC now owns 705 shares of the company's stock valued at $25,000 after purchasing an additional 614 shares during the period. True Wealth Design LLC lifted its position in GlobalFoundries by 216.7% during the fourth quarter. True Wealth Design LLC now owns 795 shares of the company's stock worth $28,000 after buying an additional 544 shares during the period. Clearstead Advisors LLC boosted its stake in GlobalFoundries by 91.9% in the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company's stock worth $29,000 after buying an additional 387 shares during the last quarter. Parallel Advisors LLC boosted its stake in GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company's stock worth $37,000 after buying an additional 237 shares during the last quarter. Finally, Covestor Ltd grew its holdings in GlobalFoundries by 57.6% in the 4th quarter. Covestor Ltd now owns 955 shares of the company's stock valued at $33,000 after buying an additional 349 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.
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