Key Points
- GlobalFoundries insider Samak Azar sold 335 shares for $15,661.25 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 3.1% to 10,469 shares.
- The company beat quarterly expectations, reporting $0.46 earnings per share versus the $0.43 estimate and $1.79 billion in revenue. GlobalFoundries also declared a quarterly dividend of $0.12 per share, equal to a 1.1% annualized yield.
- Analyst sentiment is mixed, with the stock carrying an average “Hold” rating and a $75.11 price target; eight analysts rate it Buy, nine Hold, and two Sell.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of the business's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $46.75, for a total transaction of $15,661.25. Following the sale, the insider directly owned 10,469 shares in the company, valued at approximately $489,425.75. This trade represents a 3.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Price Performance
GFS opened at $44.76 on Friday. The firm has a market capitalization of $24.56 billion, a P/E ratio of 34.97, a PEG ratio of 1.17 and a beta of 1.80. The stock has a fifty day moving average of $59.53 and a 200-day moving average of $59.42. 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.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.GlobalFoundries's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Equities analysts forecast that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.
GlobalFoundries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries's payout ratio is 37.50%.
Wall Street Analysts Forecast Growth
GFS has been the subject of a number of research analyst reports. Loop Capital set a $80.00 price target on shares of GlobalFoundries in a research report on Monday, May 4th. Evercore reaffirmed an "outperform" rating and set a $85.00 price objective on shares of GlobalFoundries in a research report on Tuesday, May 19th. Citigroup upped their price objective on shares of GlobalFoundries from $49.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of GlobalFoundries in a research note on Monday, August 10th. Finally, UBS Group lowered their price target on shares of GlobalFoundries from $61.00 to $55.00 and set a "neutral" rating on the stock in a report on Thursday, August 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $75.11.
Check Out Our Latest Research Report on GlobalFoundries
Hedge Funds Weigh In On GlobalFoundries
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LP acquired a new stake in GlobalFoundries in the second quarter valued at approximately $1,371,000. California State Teachers Retirement System increased its stake in shares of GlobalFoundries by 2,079.2% during the 2nd quarter. California State Teachers Retirement System now owns 146,772 shares of the company's stock worth $12,095,000 after purchasing an additional 140,037 shares during the last quarter. Greenland Capital Management LP bought a new position in shares of GlobalFoundries during the 2nd quarter valued at $683,000. HB Wealth Management LLC lifted its stake in shares of GlobalFoundries by 7.0% in the 2nd quarter. HB Wealth Management LLC now owns 5,472 shares of the company's stock valued at $451,000 after purchasing an additional 358 shares during the last quarter. Finally, Meadowbrook Wealth Management LLC acquired a new stake in shares of GlobalFoundries in the 2nd quarter valued at $488,000.
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.
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