GlobalFoundries chief legal officer disposes of $13,004 in shares.

Chief Legal Officer Samak L. Azar sold GlobalFoundries shares worth $13,004 on November 5, 2026. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, entailed the sale of 335 ordinary shares at $38.82 per share. This move follows a six-month decline in GFS shares, now trading at $38.62. Post-sale, Mr. Azar retains 7,119 ordinary shares of the company.

Despite the sale, the stock remains undervalued according to InvestingPro, with a PEG ratio of 0.2. For a more in-depth analysis, InvestingPro provides 13 additional tips specific to GFS, along with comprehensive Fair Value analysis. In other news, GlobalFoundries reported Q3 fiscal 2026 earnings, with diluted EPS of $0.53, surpassing analyst estimates of $0.51.

Revenue for the quarter matched expectations at $1.89 billion, reflecting a 13% year-over-year increase. The company's gross margin reached a record 31.4%. However, analysts have adjusted their outlooks for GlobalFoundries; Needham lowered its price target to $55 from $80, maintaining a Buy rating, while Jefferies reduced its target to $50 from $60, keeping a Hold rating due to capital expenditure concerns.

Both firms noted that GlobalFoundries delivered an in-line quarter with revenue guidance, highlighting growth in silicon photonics. These developments indicate a cautious stance by analysts, even amid the company's solid operating performance.