Key Points
- GlobalFoundries insider Pradheepa Raman sold 2,145 shares at an average price of $48.83, totaling $104,740.35. The Rule 10b5-1 transaction covered tax withholding related to vested equity awards and reduced Raman’s position by 50%.
- GlobalFoundries reported quarterly EPS of $0.46 and revenue of $1.79 billion, exceeding analyst expectations, while revenue rose 5.8% year over year. The company also declared a quarterly dividend of $0.12 per share, yielding approximately 1.0% annually.
- Analyst sentiment remains mixed, with nine Buy, nine Hold, and two Sell ratings; the stock has a consensus Hold rating and an average price target of $74.32.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Pradheepa Raman sold 2,145 shares of the stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $48.83, for a total transaction of $104,740.35. Following the transaction, the insider owned 2,145 shares in the company, valued at approximately $104,740.35. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Pradheepa Raman also recently made the following trade(s):
- On Tuesday, August 18th, Pradheepa Raman sold 6,760 shares of GlobalFoundries stock. The stock was sold at an average price of $51.12, for a total value of $345,571.20.
GlobalFoundries Stock Performance
GlobalFoundries stock opened at $47.86 on Wednesday. The company has a market capitalization of $26.26 billion, a P/E ratio of 37.39, a P/E/G ratio of 1.52 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 business has a 50 day moving average of $48.40 and a 200-day moving average of $59.32. 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 (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 return on equity of 6.69% and a net margin of 10.36%.The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the prior year, the business earned $0.42 EPS. The company'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. On average, equities research analysts predict that GlobalFoundries Inc. will post 1.48 earnings per share 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 paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 23rd. GlobalFoundries's payout ratio is currently 37.50%.
Institutional Trading of GlobalFoundries
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bessemer Group Inc. boosted its position in GlobalFoundries by 8,275,141.2% in the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company's stock valued at $125,147,000 after buying an additional 2,813,548 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in GlobalFoundries by 322.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company's stock valued at $31,803,000 after acquiring an additional 545,900 shares in the last quarter. Atreides Management LP purchased a new position in GlobalFoundries in the first quarter valued at about $21,110,000. Bank of America Corp DE grew its position 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 worth $38,936,000 after buying an additional 450,722 shares during the last quarter. Finally, ING Groep NV acquired a new position in shares of GlobalFoundries during the fourth quarter worth $13,854,000.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of GlobalFoundries in a research report on Monday, August 10th. Morgan Stanley reissued a "negative" rating and issued a $60.00 target price on shares of GlobalFoundries in a research note on Thursday, August 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of GlobalFoundries in a report on Wednesday, August 26th. TD Cowen dropped their price objective on GlobalFoundries from $85.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, Stifel Nicolaus started coverage on shares of GlobalFoundries in a research report on Tuesday, September 1st. They issued a "buy" rating and a $60.00 target price for the company. Nine 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 a consensus rating of "Hold" and an average price target of $74.32.
View Our Latest Research Report on GlobalFoundries
GlobalFoundries Company Profile
(
Get Free Report)
GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers' designs and supporting them through process development, wafer fabrication, packaging, and related services.
Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.
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