{
  "id": 9921516,
  "title": "Globalfoundries chief legal officer sells $15,316 in shares",
  "url": "https://urgent.news/2026/09/26/globalfoundries-chief-legal-officer-sells-15-316-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-26T06:01:16.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/globalfoundries-chief-legal-officer-sells-15316-in-shares-93CH-4918474"
  },
  "original_language": "en",
  "account": "Globalfoundries' Chief Legal Officer, Samak L. Azar, disposed of 335 of the company's ordinary shares on September 24, 2026. The transaction occurred at a price point of $45.72 per share, resulting in a total net gain of $15,316. The semiconductor firm has since seen its stock value increase to $49, marking a commendable 41% return year-to-date and boasting a market capitalization of $25.8 billion. The sale was facilitated under the guidelines of a previously adopted Rule 10b5-1 trading plan. Post-transaction, Azar now holds a beneficial ownership of 9,129 shares in Globalfoundries. According to an analysis provided by InvestingPro, the stock is presently trading near its Fair Value, having received recent support from 9 analysts who have since revised their earnings outlooks upward. For a more in-depth understanding, potential investors may consider accessing Globalfoundries' Pro Research Report, which is part of a vast collection of 1,400+ reports accessible on the platform. Concurrently, Globalfoundries has solidified its partnership with Marvell Technology, enhancing its production capacity for semiconductors utilized in high-speed optical connections in data centers, aiming to cater to the escalating demand in the tech sector. The company has further reinforced its commitment by finalizing a $375 million quantum CHIPS research and development award, wherein it agreed to issue shares to the Commerce Department. This move, coupled with an Overweight rating maintained by Cantor Fitzgerald at a price target of $90.00 and an endorsement of a 10-12% revenue compound annual growth rate by Stifel, underscores Globalfoundries' strategic initiatives to bolster its market standing and financial performance.",
  "summary": null,
  "key_points": [
    "Globalfoundries Chief Legal Officer Samak L. Azar sold 335 shares for $15,316",
    "Semiconductor firm's stock rose 41% year-to-date to $49",
    "Globalfoundries partnered with Marvell for optical connection semiconductors"
  ],
  "editors_take": "The chief legal officer's sale of shares under a pre-arranged trading plan does not appear to have dented analyst confidence, with several upgrading their outlooks and Cantor Fitzgerald maintaining an Overweight rating.",
  "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."
}