GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of the company's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $48.38, for a total transaction of $16,207.30. Following the completion of the sale, the insider directly owned 10,804 shares in the company, valued at approximately $522,697.52. The trade was a 3.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Stock Performance
NASDAQ:GFS opened at $45.95 on Tuesday. The firm has a market capitalization of $25.21 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.80. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 12-month low of $31.59 and a 12-month high of $92.55. The firm has a 50-day moving average price of $62.52 and a 200 day moving average price of $59.43.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, beating 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 company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company posted $0.42 EPS. The company's revenue was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Research analysts anticipate that GlobalFoundries Inc. will post 1.48 earnings per share for the current fiscal year.
GlobalFoundries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a yield of 1.0%. GlobalFoundries's payout ratio is currently 37.50%.
Hedge Funds Weigh In On GlobalFoundries
Institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd grew its holdings in shares of GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company's stock worth $33,000 after purchasing an additional 349 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of GlobalFoundries in the fourth quarter valued at about $35,000. Strategic Advocates LLC raised its holdings in shares of GlobalFoundries by 95.1% in the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company's stock valued at $37,000 after buying an additional 500 shares during the last quarter. Parallel Advisors LLC lifted its position in GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company's stock worth $37,000 after buying an additional 237 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in GlobalFoundries during the 4th quarter worth about $41,000.
Analysts Set New Price Targets
A number of brokerages have issued reports on GFS. Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a report on Wednesday, August 5th. Loop Capital set a $80.00 target price on shares of GlobalFoundries in a report on Monday, May 4th. Evercore reiterated an "outperform" rating and set a $85.00 target price on shares of GlobalFoundries in a research report on Tuesday, May 19th. Arete Research set a $95.00 price target on shares of GlobalFoundries in a report on Wednesday, June 10th. Finally, Morgan Stanley restated a "negative" rating and issued a $60.00 price target on shares of GlobalFoundries in a research report on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, GlobalFoundries has a consensus rating of "Hold" and a consensus target price of $75.11.
Check Out Our Latest Stock Report on GlobalFoundries
GlobalFoundries Company Profile
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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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