Key Points
- Insider sale: GlobalFoundries insider Samak Azar sold 335 shares at an average price of $43.24, generating $14,485.40. The transaction, conducted under a Rule 10b5-1 plan, reduced Azar’s direct ownership by 3.2% to 10,134 shares.
- Quarterly performance: GlobalFoundries reported quarterly EPS of $0.46, beating estimates by $0.03, while revenue rose 5.8% year over year to $1.79 billion. The company issued third-quarter 2026 EPS guidance of $0.46 to $0.56.
- Dividend and analyst view: The company declared a quarterly dividend of $0.12 per share, representing a 1.1% annualized yield. Analysts’ consensus rating is “Hold,” with an average price target of $74.32.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $43.24, for a total value of $14,485.40. Following the completion of the transaction, the insider directly owned 10,134 shares in the company, valued at $438,194.16. This represents a 3.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Trading Up 1.5%
Shares of NASDAQ:GFS opened at $45.21 on Friday. 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 52-week low of $31.59 and a 52-week high of $92.55. The stock has a market cap of $24.81 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.41 and a beta of 1.78. The business has a 50-day moving average price of $55.52 and a 200-day moving average price of $59.35.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the firm posted $0.42 EPS. GlobalFoundries's revenue for the quarter was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Equities analysts predict that GlobalFoundries Inc. will post 1.48 EPS for the current year.
GlobalFoundries Dividend Announcement
The business also recently disclosed 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. The ex-dividend date is Wednesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.1%. GlobalFoundries's dividend payout ratio (DPR) is presently 37.50%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. 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 buying an additional 349 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in GlobalFoundries during the fourth quarter worth about $35,000. Strategic Advocates LLC grew its stake in GlobalFoundries by 95.1% during the 4th quarter. Strategic Advocates LLC now owns 1,026 shares of the company's stock valued at $37,000 after acquiring an additional 500 shares in the last quarter. Parallel Advisors LLC grew its stake 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 acquiring an additional 237 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in GlobalFoundries by 216.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,444 shares of the company's stock valued at $50,000 after acquiring an additional 988 shares during the last quarter.
Analysts Set New Price Targets
Several research firms recently commented on GFS. Zacks Research lowered GlobalFoundries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Jefferies Financial Group set a $60.00 target price on shares of GlobalFoundries in a research note on Wednesday, August 5th. Morgan Stanley reissued a "negative" rating and set a $60.00 price target on shares of GlobalFoundries in a report on Thursday, August 6th. TD Cowen decreased their price objective on shares of GlobalFoundries from $85.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, Robert W. Baird set a $140.00 target price on GlobalFoundries in a research report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $74.32.
Read Our Latest Analysis on GFS
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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