Key Points
- Insider sale: GlobalFoundries insider Samak Azar sold 335 shares for approximately $15,316 under a pre-arranged Rule 10b5-1 plan, reducing direct ownership by 3.54%.
- Stock and results: GFS opened at $49.00, with shares up 4.1%; the company recently reported quarterly EPS of $0.46 and revenue of $1.79 billion, exceeding analyst estimates.
- Dividend and analyst view: GlobalFoundries declared a quarterly dividend of $0.12, representing a 1.0% yield, while analysts maintain a consensus “Hold” rating with a $74.32 price target.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of the company's stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $45.72, for a total value of $15,316.20. Following the completion of the sale, the insider directly owned 9,129 shares of the company's stock, valued at approximately $417,377.88. This trade represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Stock Up 4.1%
GlobalFoundries stock opened at $49.00 on Friday. The firm has a market capitalization of $26.89 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 1.49 and a beta of 1.78. The company's 50 day simple moving average is $48.82 and its 200 day simple moving average is $59.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. GlobalFoundries Inc. has a fifty-two week low of $32.02 and a fifty-two week high of $92.55.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, sell-side analysts anticipate that GlobalFoundries Inc. will post 1.48 EPS for the current year.
GlobalFoundries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be given a $0.12 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. GlobalFoundries's dividend payout ratio is currently 37.50%.
Analyst Ratings Changes
GFS has been the subject of several recent analyst reports. Zacks Research downgraded GlobalFoundries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Arete Research set a $95.00 price target on shares of GlobalFoundries in a research note on Wednesday, June 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of GlobalFoundries in a research report on Wednesday, August 26th. Robert W. Baird set a $140.00 price objective on GlobalFoundries in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of GlobalFoundries in a research note on Monday, August 10th. Nine investment 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.com, the stock has an average rating of "Hold" and a consensus price target of $74.32.
Get Our Latest Stock Analysis on GlobalFoundries
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of GFS. Bessemer Group Inc. increased its position in shares of GlobalFoundries by 8,275,141.2% during the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company's stock worth $125,147,000 after purchasing an additional 2,813,548 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of GlobalFoundries by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company's stock valued at $59,571,000 after buying an additional 31,590 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of GlobalFoundries by 106.1% in the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company's stock valued at $38,936,000 after buying an additional 450,722 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of GlobalFoundries by 322.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company's stock valued at $31,803,000 after buying an additional 545,900 shares in the last quarter. Finally, Atreides Management LP bought a new position in shares of GlobalFoundries in the first quarter valued at $21,110,000.
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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