GLOBALFOUNDRIES (GFS) CLO Samak L Azar Sells $16K of Stock
Chief Legal Officer Samak L Azar executed a planned sale of 335 shares of GLOBALFOUNDRIES Inc. on October 15, 2026.
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Samak L Azar, Chief Legal Officer at GLOBALFOUNDRIES Inc. ($GFS), sold 335 shares at an average price of $46.80, worth about $15,678, on October 15, 2026. The trade was reported to the SEC in a Form 4 filing and was made under a pre-arranged Rule 10b5-1 trading plan.
Since the trade, $GFS is down 4.3% to date (from the $48.76 close on Oct 15, 2026).
GFS
GLOBALFOUNDRIES Inc.
Key Points
- GLOBALFOUNDRIES Inc. Chief Legal Officer Samak L Azar sold 335 shares at a price of $46.80 per share on October 15, 2026, generating $15,678.00 in a planned transaction.
- After the trade, Samak L Azar holds 8,124 $GFS shares, down 3.96% from before the trade.
- The stock recently traded around $46.71 as the company approaches its next earnings report scheduled for November 4, 2026.
- TD Cowen and Wedbush issued updates on October 15, 2026, maintaining their respective ratings as analysts cover the semiconductor firm.
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GLOBALFOUNDRIES Inc. Chief Legal Officer Samak L Azar sold 335 shares of the company on October 15, 2026, according to a Form 4 filed with the SEC.
Inside Samak L Azar's GLOBALFOUNDRIES Trade
The Chief Legal Officer disposed of 335 shares at a price of $46.80 per share, for a total value of $15,678.00. This transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The stock closed at $48.76 on the transaction date.
Other Institutional Activity in GLOBALFOUNDRIES Inc.
Mubadala Investment Co PJSC reduced its stake by 23,479,453 shares, ending with 399,573,756 shares worth about $18,652,103,052.00. Marshall Wace LLP trimmed its holdings by 469,798 shares to hold 4,581,796 shares valued at roughly $213,878,238.00. Two Sigma Investments, LP lifted its position by 743,192 shares, finishing with 3,417,505 shares valued at about $159,529,134.00. Victory Capital Management Inc. grew its stake by 1,545,696 shares, ending with 3,091,392 shares worth roughly $144,306,179.00. Bessemer Group, Inc. added 6,190 shares to own 2,819,858 shares valued at about $131,630,972.00.
GLOBALFOUNDRIES Inc. Stock Down 4.6%
The shares recently traded around $46.71 as of October 16, 2026, sitting below the 52-week high of $92.55 and above the low of $32.02.
Recent Earnings
The semiconductor maker reported trailing-twelve-month revenue of $6,937,999,872.00 and basic earnings per share of $1.28.
Dividend
The company maintains a dividend yield of 0.98% alongside a payout ratio of 9.4%.
Insider Buying and Selling at GLOBALFOUNDRIES Inc.
Insiders have engaged in multiple planned sales prior to this transaction, including previous disposals by Samak Azar and Chief Strategy Officer Hogan Michael James during June 2026.
Analysts Set New Price Targets
TD Cowen maintained its Buy rating with a $75.00 price target on October 15, 2026, following prior updates from firms including UBS and Stifel. Wedbush reiterated a Neutral rating with a $72.00 price target on the same day. Overall, the stock holds a consensus buy rating backed by a mean price target of $74.68 across 22 analyst opinions.
About GLOBALFOUNDRIES Inc.
Headquartered in Malta, New York, GLOBALFOUNDRIES operates as a semiconductor foundry providing mainstream wafer fabrication services and technologies for microprocessors, mobile processors, and wireless communication devices globally.
Bottom Line
Investors will look toward the company's upcoming earnings release on November 4, 2026, for further updates on financial performance and operational targets.
Related Filing Alerts
Source: Samak L Azar's Form 4 filing on $GFS (Oct 15, 2026). Read the original filing: Form 4 filing on SEC EDGAR. Written by software, not financial advice. How we make alerts