Key Points
- GlobalFoundries insider Samak Azar sold 335 shares for approximately $16,053 at an average price of $47.92 under a pre-arranged Rule 10b5-1 plan, reducing the position by 3.67%.
- The company reported quarterly revenue of $1.79 billion and adjusted earnings of $0.46 per share, beating analyst estimates, while revenue increased 5.8% year over year. GlobalFoundries also declared a quarterly dividend of $0.12 per share, yielding about 1.0% annually.
- Wall Street’s consensus rating is Hold, with nine Buy, nine Hold, and two Sell ratings and an average price target of $74.32, well above the stock’s reported $50.17 opening price.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $47.92, for a total transaction of $16,053.20. Following the completion of the transaction, the insider owned 8,794 shares of the company's stock, valued at approximately $421,408.48. The trade was a 3.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Trading Up 3.1%
NASDAQ GFS opened at $50.17 on Friday. The firm's fifty day moving average price is $47.96 and its 200 day moving average price is $59.35. GlobalFoundries Inc. has a 12 month low of $32.02 and a 12 month high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. The company has a market capitalization of $27.53 billion, a price-to-earnings ratio of 39.20, a price-to-earnings-growth ratio of 1.54 and a beta of 1.77.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced 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. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The firm had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the previous year, the company earned $0.42 earnings per share. GlobalFoundries's quarterly revenue 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, sell-side analysts expect that GlobalFoundries Inc. will post 1.48 earnings per share for the current fiscal year.
GlobalFoundries Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be given 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 1.0%. GlobalFoundries's payout ratio is 37.50%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Arete Research set a $95.00 target price on GlobalFoundries in a research report on Wednesday, June 10th. Stifel Nicolaus began coverage on GlobalFoundries in a research report on Tuesday, September 1st. They set a "buy" rating and a $60.00 price target on the stock. TD Cowen decreased 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. Cantor Fitzgerald restated an "overweight" rating on shares of GlobalFoundries in a research report on Tuesday, September 8th. Finally, UBS Group cut their target price 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. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $74.32.
View Our Latest Stock Analysis on GFS
Hedge Funds Weigh In On GlobalFoundries
A number of hedge funds and other institutional investors have recently made changes to their positions in GFS. Aster Capital Management DIFC Ltd raised its stake in GlobalFoundries by 844.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 62,593 shares of the company's stock valued at $2,186,000 after acquiring an additional 55,967 shares during the last quarter. Sei Investments Co. lifted its position in GlobalFoundries by 239.0% during the 1st quarter. Sei Investments Co. now owns 48,246 shares of the company's stock worth $2,146,000 after acquiring an additional 34,014 shares during the period. Bank of America Corp DE grew its stake 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 purchasing an additional 450,722 shares during the last quarter. First Trust Advisors LP grew its stake in shares of GlobalFoundries by 97.4% in the 1st quarter. First Trust Advisors LP now owns 264,837 shares of the company's stock valued at $11,780,000 after purchasing an additional 130,643 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of GlobalFoundries in the first quarter valued at approximately $1,108,000.
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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