GlobalFoundries (NASDAQ:GFS) Insider Samak Azar Sells 500 Shares

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $42.96, for a total transaction of $21,480.00. Following the completion of the sale, the insider directly owned 18,494 shares of the company’s stock, valued at approximately $794,502.24. This represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

GlobalFoundries Trading Down 0.3%

NASDAQ:GFS opened at $43.61 on Tuesday. The company has a 50-day moving average price of $45.10 and a 200-day moving average price of $39.52. GlobalFoundries Inc. has a 12 month low of $29.77 and a 12 month high of $50.98. The company has a current ratio of 2.62, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. The stock has a market cap of $24.27 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 1.73 and a beta of 1.46.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Wednesday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.47 by $0.08. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the company posted $0.46 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. Equities analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current year.

Analyst Ratings Changes

GFS has been the subject of a number of recent research reports. TD Cowen reissued a “buy” rating on shares of GlobalFoundries in a research report on Thursday, February 12th. The Goldman Sachs Group lifted their price target on shares of GlobalFoundries from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Dbs Bank cut shares of GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 13th. Susquehanna reissued a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a research report on Thursday, February 12th. Finally, Morgan Stanley set a $43.00 price target on shares of GlobalFoundries in a research report on Monday, February 9th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $46.13.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. WealthCollab LLC increased its stake in GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after purchasing an additional 614 shares in the last quarter. True Wealth Design LLC increased its stake in GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after purchasing an additional 544 shares in the last quarter. Clearstead Advisors LLC increased its stake in GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after purchasing an additional 387 shares in the last quarter. First Horizon Corp bought a new stake in GlobalFoundries during the 3rd quarter valued at about $33,000. Finally, Covestor Ltd increased its stake in GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after purchasing an additional 349 shares in the last quarter.

GlobalFoundries Company Profile

GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.