Key Points
- GlobalFoundries insider Samak Azar sold 335 shares for approximately $15,031 at an average price of $44.87, reducing the position by 3.42%. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
- GlobalFoundries exceeded quarterly expectations, reporting $0.46 EPS and $1.79 billion in revenue, with revenue up 5.8% year over year. The company also announced a quarterly dividend of $0.12 per share, representing a 1.0% yield.
- Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and an average price target of $74.32. Recent developments include an expanded Marvell capacity agreement that could strengthen GlobalFoundries’ exposure to AI-related data-center demand.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of the company's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $44.87, for a total transaction of $15,031.45. Following the transaction, the insider owned 9,464 shares in the company, valued at approximately $424,649.68. This trade represents a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Trading Up 4.3%
GFS opened at $47.82 on Friday. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $26.24 billion, a PE ratio of 37.36, a PEG ratio of 1.45 and a beta of 1.78. GlobalFoundries Inc. has a 1-year low of $32.02 and a 1-year high of $92.55. The firm has a 50-day moving average price of $50.12 and a two-hundred day moving average price of $59.21.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the business earned $0.42 earnings per share. GlobalFoundries's quarterly revenue 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 anticipate that GlobalFoundries Inc. will post 1.48 earnings per share for the current fiscal year.
GlobalFoundries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be issued a dividend of $0.12 per share. 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 dividend payout ratio is currently 37.50%.
Trending Headlines about GlobalFoundries
Here are the key news stories impacting GlobalFoundries this week:
- Positive Sentiment: Expanded Marvell capacity agreement strengthens AI exposure. The deal positions GlobalFoundries to benefit from rising demand for optical connectivity as AI workloads increase data-center networking requirements. However, the companies did not disclose specific financial terms, so the near-term earnings impact remains unclear. Reuters article on the GlobalFoundries and Marvell capacity agreement
- Positive Sentiment: Potential U.S. fab role could create another strategic growth opportunity. Reports indicate GlobalFoundries could operate a U.S. chip plant supported by Japan-U.S. investment. The arrangement could improve its access to government-backed semiconductor spending, although the report remains unconfirmed and details are limited. Yahoo Finance report on a potential Japan-backed U.S. chip plant
- Positive Sentiment: Options activity suggests increased speculative interest. Investors purchased 12,944 GFS call options, 78% above the average daily volume, indicating some traders are positioning for potential upside.
- Neutral Sentiment: Insider selling was limited and conducted under a preset plan. Director Samak Azar sold 335 shares worth approximately $15,031, reducing ownership by 3.42%. Because the transaction occurred under a Rule 10b5-1 plan and was small relative to the remaining stake, it is not a strong standalone bearish signal. SEC insider transaction filing
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Stifel Nicolaus started coverage on GlobalFoundries in a research note on Tuesday, September 1st. They issued a "buy" rating and a $60.00 target price for the company. Robert W. Baird set a $140.00 price target on GlobalFoundries in a report on Thursday, August 6th. Cantor Fitzgerald reiterated an "overweight" rating on shares of GlobalFoundries in a research report on Tuesday, September 8th. Weiss Ratings reissued a "hold (c)" rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Finally, TD Cowen reduced their target price on shares of GlobalFoundries from $85.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, GlobalFoundries presently has an average rating of "Hold" and a consensus price target of $74.32.
Get Our Latest Analysis on GFS
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. HBK Investments L P bought a new stake in GlobalFoundries in the second quarter valued at about $989,000. Sequoia Financial Advisors LLC bought a new position in GlobalFoundries during the second quarter worth about $404,000. WINTON GROUP Ltd acquired a new position in shares of GlobalFoundries during the 2nd quarter worth about $363,000. NewEdge Advisors LLC grew its position in shares of GlobalFoundries by 3,658.5% during the 2nd quarter. NewEdge Advisors LLC now owns 4,886 shares of the company's stock worth $403,000 after buying an additional 4,756 shares during the period. Finally, Waverly Advisors LLC bought a new stake in shares of GlobalFoundries in the 2nd quarter valued at about $222,000.
GlobalFoundries Company Profile
(
Get Free Report)
GlobalFoundries Inc (NASDAQ:GFS) is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.
The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.
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