Key Points
- GlobalFoundries insider Pradheepa Raman sold 6,760 shares for approximately $345,571 at an average price of $51.12. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Shares opened at $47.33, down 2.6%, while the company reported quarterly EPS of $0.46 and revenue of $1.79 billion, exceeding analyst expectations. Revenue increased 5.8% year over year.
- GlobalFoundries declared a quarterly dividend of $0.12 per share, equivalent to a $0.48 annualized payout and a 1.0% yield. Analysts maintain an overall “Hold” rating, with a consensus price target of $75.11.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Pradheepa Raman sold 6,760 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $51.12, for a total value of $345,571.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Stock Down 2.6%
Shares of NASDAQ GFS opened at $47.33 on Friday. The stock has a market cap of $25.97 billion, a P/E ratio of 36.98, a PEG ratio of 1.22 and a beta of 1.80. The business's fifty day simple moving average is $63.94 and its 200-day simple moving average is $59.35. GlobalFoundries Inc. has a 12-month low of $31.59 and a 12-month high of $92.55. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The firm had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the previous year, the firm posted $0.42 EPS. GlobalFoundries's revenue for the quarter was up 5.8% on a year-over-year basis. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, equities analysts predict that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.
GlobalFoundries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, September 23rd. GlobalFoundries's dividend payout ratio (DPR) is presently 37.50%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on GFS. JPMorgan Chase & Co. raised their target price on shares of GlobalFoundries from $45.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday, May 6th. Jefferies Financial Group set a $60.00 price target on shares of GlobalFoundries in a report on Wednesday, August 5th. Needham & Company LLC increased their price objective on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Morgan Stanley restated a "negative" rating and issued a $60.00 price objective on shares of GlobalFoundries in a report on Thursday, August 6th. Finally, Citigroup boosted their target price on shares of GlobalFoundries from $49.00 to $70.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $75.11.
Get Our Latest Stock Analysis on GFS
Institutional Investors Weigh In On GlobalFoundries
Several hedge funds and other institutional investors have recently bought and sold shares of GFS. Royal Bank of Canada lifted its holdings in shares of GlobalFoundries by 4.4% in the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company's stock valued at $575,000 after purchasing an additional 660 shares during the last quarter. AQR Capital Management LLC grew its stake in GlobalFoundries by 77.6% during the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company's stock worth $3,679,000 after buying an additional 44,599 shares during the last quarter. Jones Financial Companies Lllp increased its position in GlobalFoundries by 7,120.1% during the first quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company's stock worth $450,000 after buying an additional 12,033 shares during the period. American Century Companies Inc. increased its position in GlobalFoundries by 3.4% during the second quarter. American Century Companies Inc. now owns 27,606 shares of the company's stock worth $1,055,000 after buying an additional 903 shares during the period. Finally, M&T Bank Corp purchased a new stake in GlobalFoundries in the second quarter valued at approximately $269,000.
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.
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].
