GLOBALFOUNDRIES Inc. Insider Selling: Samak Azar Sells Shares

Samak Azar, the Chief Legal Officer of GLOBALFOUNDRIES Inc. (NasdaqGS: GFS), sold 335 shares of the company on June 18, 2026. The shares were sold at an average price of $83.35, amounting to a total transaction value of $27,922.25. This sale was part of a planned transaction under Rule 10b5-1.

Insider Buying and Selling at GLOBALFOUNDRIES Inc.

Samak Azar has been active in selling shares of GLOBALFOUNDRIES, with several planned transactions in recent weeks. On June 11, 2026, Azar sold another 335 shares at $77.00 each. Earlier, on June 4 and May 28, he sold the same number of shares at prices of $82.00 and $80.90, respectively. Additionally, Michael James Hogan, the Chief Strategy Officer, sold 2,800 shares on June 10 under a planned transaction.

Other Institutional Activity in GLOBALFOUNDRIES

Mubadala Investment Co PJSC reduced its holdings in GLOBALFOUNDRIES by 27,344,840 shares, now holding 423,042,773 shares valued at $18.8 billion, marking a 6.1% decrease. In contrast, FMR LLC boosted its position by 8,595,583 shares, raising its stake to 64,058,166 shares worth approximately $2.85 billion, a 15.5% increase. JPMorgan Chase & Co also significantly increased its holdings by 4,685,244 shares, now totaling 5,067,930 shares valued at about $209.7 million, a 1224.3% surge.

GLOBALFOUNDRIES Inc. Stock Up 100.3%

Shares of GLOBALFOUNDRIES Inc. traded near $89.67 on Tuesday. The company has a market cap of approximately $49.2 billion and a P/E ratio of 53.38. Its stock has seen a 52-week low of $31.51 and a high of $92.55. The 50-day moving average is $70.46, while the 200-day moving average stands at $46.88. The company maintains a robust current ratio of 2.59 and a quick ratio of 1.84, with a debt-to-equity ratio of 14.68.

Recent Earnings

GLOBALFOUNDRIES reported revenues of $6.84 billion with a modest growth of 3.1%. The company's net margin stands at 11.37%, and it achieved a return on equity of 6.84%. Earnings per share were $1.68. The next earnings report is expected on August 4, 2026.

Analysts Set New Price Targets

On May 19, 2026, Evercore ISI Group maintained a 'buy' rating on GLOBALFOUNDRIES with a price target of $85. Susquehanna also kept a 'buy' rating, setting a higher target of $125 on May 11, 2026. Meanwhile, UBS and JP Morgan maintained 'hold' ratings with targets of $77 and $70, respectively.

About GLOBALFOUNDRIES

GLOBALFOUNDRIES Inc. is a major player in the semiconductor industry, providing a wide range of wafer fabrication services and technologies. Headquartered in Malta, New York, the company serves clients across the United States, Europe, the Middle East, and Africa. Under the leadership of CEO Timothy Graham Breen, GLOBALFOUNDRIES employs around 14,000 people and is involved in strategic partnerships, including one with the U.S. Department of Energy.

Bottom Line

This insider sale by Samak Azar is part of a series of planned transactions, reflecting ongoing activity within GLOBALFOUNDRIES' executive team. Investors often track such insider sales for potential insights into company performance. However, it's important to remember that these transactions are planned and may not necessarily indicate any immediate concerns about the company's future. As always, insider trades are just one of many factors to consider in evaluating a stock.