Samak Azar Sells 500 Shares of GlobalFoundries (NASDAQ:GFS) Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Samak Azar sold 500 shares of the business’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $47.60, for a total value of $23,800.00. Following the completion of the sale, the insider directly owned 17,994 shares in the company, valued at $856,514.40. This trade represents a 2.70% decrease in their ownership of the stock. The transaction 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 Down 1.3%

GlobalFoundries stock opened at $48.41 on Wednesday. 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 business’s fifty day simple moving average is $45.58 and its two-hundred day simple moving average is $40.12. GlobalFoundries Inc. has a 12 month low of $30.69 and a 12 month high of $50.98. The company has a market capitalization of $26.94 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.94 and a beta of 1.46.

GlobalFoundries (NASDAQ:GFS) last released 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 return on equity of 6.86% and a net margin of 13.05%.The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. As a group, equities analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GFS shares. Robert W. Baird boosted their price target on GlobalFoundries from $40.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Zacks Research upgraded GlobalFoundries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Citigroup boosted their price target on GlobalFoundries from $42.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Wedbush boosted their price target on GlobalFoundries from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Finally, Morgan Stanley set a $43.00 price target on GlobalFoundries in a research note on Monday, February 9th. Six research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and a consensus price target of $46.13.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. WealthCollab LLC increased its position in GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after acquiring an additional 614 shares during the last quarter. True Wealth Design LLC increased its position in GlobalFoundries by 216.7% during the fourth quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after acquiring an additional 544 shares during the last quarter. Clearstead Advisors LLC increased its position in GlobalFoundries by 91.9% during the third quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after acquiring an additional 387 shares during the last quarter. First Horizon Corp purchased a new stake in GlobalFoundries during the third quarter valued at $33,000. Finally, Covestor Ltd increased its position in GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after acquiring an additional 349 shares during the last quarter.

About GlobalFoundries

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.