Key Points
- Insider sale: GlobalFoundries insider Samak Azar sold 335 shares at an average price of $46.26, generating $15,497.10. Azar retained 7,789 shares, and the transaction was conducted under a pre-arranged Rule 10b5-1 plan.
- Stock performance and earnings: GFS traded at $44.39 after rising 2.4%. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.46 in adjusted EPS and $1.79 billion in revenue.
- Analyst outlook: Wall Street’s consensus rating is Hold, with eight Buy, ten Hold, and two Sell ratings and a consensus price target of $75.79.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Samak Azar sold 335 shares of GlobalFoundries stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $46.26, for a total value of $15,497.10. Following the completion of the transaction, the insider owned 7,789 shares in the company, valued at $360,319.14. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
GlobalFoundries Stock Up 2.4%
GFS traded up $1.02 during trading on Friday, hitting $44.39. The stock had a trading volume of 3,415,153 shares, compared to its average volume of 5,694,162. The stock has a 50 day simple moving average of $46.85 and a two-hundred day simple moving average of $59.72. The company has a market capitalization of $24.36 billion, a PE ratio of 34.68, a PEG ratio of 1.38 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. GlobalFoundries Inc. has a twelve month low of $32.02 and a twelve month high of $92.55.
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 analysts' consensus estimates of $0.43 by $0.03. The firm had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, research analysts predict that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.
Wall Street Analyst Weigh In
GFS has been the subject of a number of research reports. Jefferies Financial Group set a $60.00 target price on GlobalFoundries in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of GlobalFoundries in a report on Monday, August 10th. Morgan Stanley restated a "negative" rating and set a $60.00 price objective on shares of GlobalFoundries in a research note on Thursday, August 6th. BNP Paribas Exane downgraded shares of 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. Finally, Robert W. Baird set a $140.00 price objective on shares of GlobalFoundries in a research note on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $75.79.
Read Our Latest Stock Analysis on GlobalFoundries
Institutional Trading of GlobalFoundries
A number of hedge funds have recently added to or reduced their stakes in GFS. Signaturefd LLC boosted its stake in shares of GlobalFoundries by 22.3% during the 3rd quarter. Signaturefd LLC now owns 1,370 shares of the company's stock worth $66,000 after acquiring an additional 250 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in shares of GlobalFoundries by 50.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,416 shares of the company's stock valued at $164,000 after purchasing an additional 1,151 shares in the last quarter. Net Worth Advisory Group increased its stake in shares of GlobalFoundries by 41.8% in the 3rd quarter. Net Worth Advisory Group now owns 4,994 shares of the company's stock valued at $243,000 after purchasing an additional 1,472 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of GlobalFoundries in the 3rd quarter valued at about $30,000. Finally, Krilogy Financial LLC raised its holdings in GlobalFoundries by 7.9% in the 3rd quarter. Krilogy Financial LLC now owns 5,997 shares of the company's stock worth $290,000 after purchasing an additional 441 shares during the period.
GlobalFoundries Company Profile
(
Get Free Report)
GlobalFoundries Inc (NASDAQ:GFS) is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.
GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.
The company was established in 2009 through the separation of Advanced Micro Devices' manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.
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