GlobalFoundries (NASDAQ:GFS) Insider Sells 335 Shares of Company Stock

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of the business's stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $49.01, for a total value of $16,418.35. Following the transaction, the insider owned 8,459 shares of the company's stock, valued at $414,575.59. This trade represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 2.3%

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NASDAQ:GFS opened at $48.24 on Friday. GlobalFoundries Inc. has a 1 year low of $32.02 and a 1 year high of $92.55. The business has a fifty day moving average of $47.84 and a 200-day moving average of $59.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The stock has a market cap of $26.47 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 1.57 and a beta of 1.77.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The business 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 company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Equities analysts predict that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

GlobalFoundries Dividend Announcement

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The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, September 23rd. GlobalFoundries's dividend payout ratio is currently 37.50%.

Institutional Trading of GlobalFoundries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new stake in GlobalFoundries during the second quarter worth approximately $60,000. Parallel Advisors LLC grew its position in GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company's stock worth $37,000 after buying an additional 237 shares during the last quarter. Strategic Advocates LLC increased its holdings in shares of GlobalFoundries by 95.1% in the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company's stock valued at $37,000 after buying an additional 500 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of GlobalFoundries in the first quarter valued at $53,000. Finally, Western Wealth Management LLC acquired a new stake in shares of GlobalFoundries during the 1st quarter valued at $68,000.

Wall Street Analysts Forecast Growth

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Several brokerages recently commented on GFS. Cantor Fitzgerald reissued an "overweight" rating on shares of GlobalFoundries in a report on Tuesday, September 8th. Robert W. Baird set a $140.00 price target on GlobalFoundries in a research note on Thursday, August 6th. Stifel Nicolaus initiated 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. UBS Group dropped their price objective on GlobalFoundries from $61.00 to $55.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Finally, Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, GlobalFoundries currently has an average rating of "Hold" and an average price target of $74.63.

Read Our Latest Research Report on GFS

Key GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries agreed to a multiyear, approximately $2 billion deal with TSMC to manufacture silicon interposers at its Malta, New York, facility for TSMC’s CoWoS advanced AI-packaging technology. The agreement gives GFS exposure to rapidly growing artificial-intelligence and high-performance-computing demand without requiring it to manufacture leading-edge GPUs. GlobalFoundries reaches agreement to establish U.S.-based supply of silicon interposers for advanced AI packaging
• Positive Sentiment: GF also unveiled its FDX Fusion roadmap, a next-generation FD-SOI platform designed for “physical AI” applications. Management said the technology delivers single-digit-nanometer digital performance optimized for edge and real-world devices, potentially strengthening the company’s specialty-chip positioning. GF unveils roadmap to deliver the world's most advanced FD-SOI platform for Physical AI
• Positive Sentiment: GlobalFoundries entered a multiyear manufacturing partnership with quantum-computing company Xanadu, adding another potential growth avenue in photonic and quantum hardware. Quantum firm Xanadu partners with GlobalFoundries for photonic component development

About GlobalFoundries

(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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