{
  "id": 18592909,
  "title": "GlobalFoundries chief legal officer disposes of $13,004 in shares.",
  "url": "https://urgent.news/2026/11/06/globalfoundries-chief-legal-officer-disposes-of-13-004-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T23:30:51.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/globalfoundries-chief-legal-officer-disposes-of-13004-in-shares-93CH-5009400"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [
    "Chief Legal Officer Samak L. Azar sold 335 GlobalFoundries shares for $13,004 on November 5, 2026.",
    "Shares declined six months prior, now trading at $38.62.",
    "Despite sale, GFS stock remains undervalued with 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."
}