{
  "id": 18592907,
  "title": "GlobalFoundries director Ganesh Moorthy buys $93,687 in shares",
  "url": "https://urgent.news/2026/11/06/globalfoundries-director-ganesh-moorthy-buys-93-687-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T23:31:31.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/globalfoundries-director-ganesh-moorthy-buys-93687-in-shares-93CH-5009403"
  },
  "original_language": "en",
  "account": "Ganesh Moorthy, a director at GlobalFoundries Inc., made a substantial purchase of the company's shares on November 5, 2026. The director bought 2,500 ordinary shares, totaling $93,687, at a rate of $37.475 per share. This acquisition occurs as GlobalFoundries' stock is trading close to its 52-week low of $32.02, following a 46% drop over the past six months. As a result, Mr. Moorthy now directly owns 5,500 ordinary shares in the company. According to InvestingPro, GlobalFoundries appears undervalued, with a Fair Value assessment suggesting the stock is a good deal. The company's PEG ratio is low at 0.2. To gain further insights into GlobalFoundries' valuation and growth potential, investors can explore the detailed Pro Research Report, which is available for this and over 1,400 other US equities on InvestingPro. Recently, GlobalFoundries reported impressive third-quarter fiscal 2026 earnings, with earnings per share of $0.53, exceeding analysts' expectations of $0.51. Revenue for the quarter was $1.89 billion, matching forecasts and representing a 13% increase from the previous year. The company also announced a record gross margin of 31.4%. Despite these positive results, analysts have raised questions about GlobalFoundries' spending plans and potential future dilution. Needham has reduced its price target for GlobalFoundries from $80 to $55, maintaining a Buy rating, while Jefferies has likewise lowered its target to $50 from $60, keeping a Hold rating. Jefferies' concerns mainly revolve around capex. The semiconductor industry is anticipated to experience substantial design growth in the years to come, according to Jefferies. This report was generated with the assistance of AI and reviewed by an editor.",
  "summary": null,
  "key_points": [
    "GlobalFoundries director Ganesh Moorthy purchased 2,500 shares for $93,687 on November 5, 2026",
    "Stock trading near 52-week low of $32.02 after 46% drop in six months",
    "Moorthy now owns 5,500 shares; GlobalFoundries appears undervalued with low PEG ratio of 0.2"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}