Stock Traders Purchase High Volume of Call Options on GlobalFoundries (NASDAQ:GFS)

GlobalFoundries Inc. (NASDAQ:GFS) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 16,469 call options on the stock. This represents an increase of 127% compared to the average volume of 7,243 call options.

Insider Transactions at GlobalFoundries

In related news, insider Samak L. Azar sold 335 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $77.36, for a total value of $25,915.60. Following the sale, the insider directly owned 13,149 shares in the company, valued at $1,017,206.64. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 500 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $70.90, for a total transaction of $35,450.00. Following the completion of the sale, the insider owned 795 shares in the company, valued at $56,365.50. The trade was a 38.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,580 shares of company stock valued at $1,379,510 over the last three months.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GFS. Hennion & Walsh Asset Management Inc. bought a new stake in GlobalFoundries during the 2nd quarter valued at approximately $207,000. FNY Investment Advisers LLC bought a new position in shares of GlobalFoundries during the 2nd quarter worth about $60,000. CoreCap Advisors LLC grew its stake in shares of GlobalFoundries by 41,500.0% during the second quarter. CoreCap Advisors LLC now owns 2,912 shares of the company’s stock valued at $240,000 after purchasing an additional 2,905 shares during the last quarter. Meadowbrook Wealth Management LLC bought a new stake in shares of GlobalFoundries in the 2nd quarter valued at about $488,000. Finally, Parallel Advisors LLC increased its stake in shares of GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after acquiring an additional 237 shares during the last quarter.

GlobalFoundries Trading Up 4.5%

NASDAQ GFS opened at $59.39 on Wednesday. The stock has a market cap of $32.59 billion, a price-to-earnings ratio of 42.73, a PEG ratio of 2.02 and a beta of 1.76. GlobalFoundries has a twelve month low of $31.51 and a twelve month high of $92.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. The firm’s 50 day moving average price is $75.82 and its two-hundred day moving average price is $57.81.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities analysts anticipate that GlobalFoundries will post 1.37 EPS for the current year.

GlobalFoundries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, June 24th. GlobalFoundries’s dividend payout ratio is presently 34.53%.

Analyst Upgrades and Downgrades

GFS has been the subject of a number of recent research reports. Wedbush reiterated a “neutral” rating and set a $50.00 price objective on shares of GlobalFoundries in a research report on Monday, May 4th. Morgan Stanley boosted their target price on GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. upped their target price on GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Robert W. Baird set a $100.00 price target on GlobalFoundries in a research report on Wednesday, May 6th. Finally, Evercore reissued an “outperform” rating and issued a $85.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.62.

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.