GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $46.80, for a total transaction of $15,678.00. Following the sale, the insider owned 8,124 shares of the company's stock, valued at approximately $380,203.20. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Price Performance
GFS stock traded down $2.08 during midday trading on Friday, reaching $46.68. The company had a trading volume of 6,105,932 shares, compared to its average volume of 5,153,266. The firm has a 50-day moving average price of $47.51 and a 200-day moving average price of $59.65. The company has a market capitalization of $25.61 billion, a P/E ratio of 36.47, a P/E/G ratio of 1.55 and a beta of 1.77. GlobalFoundries Inc. has a 1 year low of $32.02 and a 1 year 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.
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, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter last year, the company posted $0.42 EPS. The business'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. On average, research analysts anticipate that GlobalFoundries Inc. will post 1.48 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Morgan Stanley reiterated a "negative" rating and issued a $60.00 price objective on shares of GlobalFoundries in a report on Thursday, August 6th. BNP Paribas Exane cut GlobalFoundries from an "outperform" rating to a "neutral" rating and set a $51.00 price objective on the stock. in a report on Monday, October 5th. Jefferies Financial Group set a $60.00 target price on GlobalFoundries in a research report on Wednesday, August 5th. Stifel Nicolaus began coverage on GlobalFoundries in a research report on Tuesday, September 1st. They issued a "buy" rating and a $60.00 target price for the company. Finally, Robert W. Baird set a $140.00 target price on GlobalFoundries in a research note on Thursday, August 6th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, GlobalFoundries presently has a consensus rating of "Hold" and a consensus target price of $75.79.
Check Out Our Latest Report on GFS
Trending Headlines about GlobalFoundries
Here are the key news stories impacting GlobalFoundries this week:
- Positive Sentiment: GlobalFoundries will build two chip fabs in Malta, New York, with up to $21 billion in Japanese funding. The company is expected to operate the facilities without bearing the full construction cost, potentially improving the economics of future capacity expansion. Apple, General Motors, Cirrus Logic and Renesas are reportedly lined up as customers ahead of a planned 2029 start. GlobalFoundries' $21 Billion Deal Could Change the Economics of Chipmaking
- Positive Sentiment: The Trump administration plans to increase its equity stake in GlobalFoundries from 3% to 7%, strengthening government support and aligning the company with U.S. semiconductor manufacturing and supply-chain priorities. Trump administration doubles its equity stake in GlobalFoundries
- Positive Sentiment: Samsung may add GlobalFoundries as a display-chip supplier to address Galaxy phone production issues, offering a potential near-term customer and revenue opportunity. Samsung may add GlobalFoundries as display chip supplier
- Positive Sentiment: TD Cowen reaffirmed its “buy” rating with a $75 price target, while Wedbush maintained a $72 target, indicating substantial upside in both analysts’ estimates. GlobalFoundries analyst ratings
- Neutral Sentiment: The stock’s retreat follows a sharp advance triggered by the U.S.-Japan manufacturing announcement. Investors appear to be reassessing the deal’s benefits rather than treating it as an immediate earnings catalyst. GlobalFoundries shares retreat as investors weigh US-Japan manufacturing deal
- Negative Sentiment: The new fabs are not expected to begin operating until 2029, leaving substantial construction, customer-ramp and execution risk before the investment can materially affect results. The market’s reaction indicates some investors are focused on this long lead time and the uncertainty surrounding the expanded government involvement. GlobalFoundries falls after Trump administration doubles its equity stake
Hedge Funds Weigh In On GlobalFoundries
Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in GlobalFoundries by 8.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company's stock worth $87,000 after purchasing an additional 154 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company's stock valued at $37,000 after buying an additional 237 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of GlobalFoundries by 5.3% during the first quarter. California State Teachers Retirement System now owns 6,735 shares of the company's stock valued at $300,000 after buying an additional 340 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of GlobalFoundries by 7.0% during the second quarter. HB Wealth Management LLC now owns 5,472 shares of the company's stock valued at $451,000 after buying an additional 358 shares during the last quarter. Finally, Krilogy Financial LLC increased its holdings in shares of GlobalFoundries by 7.9% in the third quarter. Krilogy Financial LLC now owns 5,997 shares of the company's stock worth $290,000 after buying an additional 441 shares during the period.
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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