GLOBALFOUNDRIES (GFS) CLO Samak Azar Sells $26K of Stock

Samak Azar, Chief Legal Officer at GLOBALFOUNDRIES Inc. (NasdaqGS: GFS), sold 335 shares of the company in a planned transaction on June 11, 2026. The shares were sold at an average price of $77 each, totaling $25,795.

Insider Buying and Selling at GLOBALFOUNDRIES Inc.

In addition to Samak Azar's sale, other recent insider activities include Michael James Hogan, Chief Strategy Officer, who sold 2,800 shares at $75.17 each on June 10, 2026, in a planned transaction. Hogan also completed smaller sales on May 27 and June 10, 2026, which were not part of a planned schedule.

Other Institutional Activity in GLOBALFOUNDRIES

Mubadala Investment Co PJSC reduced its holdings by 27,344,840 shares, now holding 423,042,773 shares valued at approximately $18.8 billion. In contrast, FMR LLC increased its position by 8,595,583 shares, ending with 64,058,166 shares worth about $2.85 billion. JPMorgan Chase & Co significantly boosted its holdings by 4,685,244 shares, totaling 5,067,930 shares valued at $209.7 million. Marshall Wace, LLP and Morgan Stanley also increased their stakes, with Morgan Stanley adding 2,997,792 shares to hold a total of 4,636,692 shares valued at $206.2 million.

GLOBALFOUNDRIES Inc. Stock Up 66.3%

Shares of GLOBALFOUNDRIES traded around $81.38. The company has a market capitalization of roughly $44.6 billion and a P/E ratio of 50.86. Its beta stands at 1.767, indicating higher volatility compared to the market. The stock's 52-week range is between $31.51 and $92.55, with a 50-day moving average of $67.44 and a 200-day moving average of $45.90. The company's current ratio is 2.592, and its quick ratio is 1.839, showing solid liquidity.

Recent Earnings

GLOBALFOUNDRIES reported revenues of $6.84 billion, with a growth rate of 3.1%. The company achieved a net margin of 11.37% and a return on equity of 6.84%. Earnings per share were $1.60. The next earnings report is expected on August 4, 2026.

Analysts Set New Price Targets

On May 19, 2026, Evercore ISI Group maintained its 'buy' rating on GLOBALFOUNDRIES with a price target of $85. Susquehanna also kept a 'buy' rating, setting a high target of $125 on May 11, 2026. Meanwhile, UBS, JP Morgan, and Citigroup maintained 'hold' ratings with lower targets. The consensus among analysts is a 'buy' rating, with an average price target of $79.72 based on 21 opinions.

About GLOBALFOUNDRIES

GLOBALFOUNDRIES Inc. is a major player in the semiconductor industry, providing a wide range of wafer fabrication services and technologies worldwide. Headquartered in Malta, New York, the company employs around 14,000 people and is led by CEO Timothy Graham Breen. GLOBALFOUNDRIES partners with the U.S. Department of Energy on projects that advance scientific discovery through AI and computing technologies.

Bottom Line

Samak Azar's planned share sale is a part of routine insider transactions at GLOBALFOUNDRIES. Investors often keep an eye on such trades for potential insights into company sentiment. The company remains a significant entity in the semiconductor industry, with a solid market presence and strategic partnerships. It's important to remember that insider sales do not necessarily signal negative prospects for the company.