GlobalFoundries (NASDAQ:GFS) Insider Michael James Hogan Sells 1,800 Shares of Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 1,800 shares of GlobalFoundries stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $43.25, for a total transaction of $77,850.00. Following the completion of the transaction, the insider directly owned 22,895 shares in the company, valued at approximately $990,208.75. This represents a 7.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

GlobalFoundries Stock Performance

NASDAQ:GFS opened at $43.08 on Friday. The firm has a market capitalization of $23.97 billion, a PE ratio of 27.09, a PEG ratio of 1.71 and a beta of 1.47. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $50.98. The company has a current ratio of 2.62, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $44.74 and its 200 day simple moving average is $38.54.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Wednesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.80 billion. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. On average, sell-side analysts anticipate that GlobalFoundries Inc. will post 1.31 EPS for the current year.

Institutional Investors Weigh In On GlobalFoundries

A number of large investors have recently bought and sold shares of the business. WealthCollab LLC raised its holdings in shares of GlobalFoundries by 674.7% in the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after buying an additional 614 shares during the last quarter. True Wealth Design LLC increased its position in GlobalFoundries by 216.7% in the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after acquiring an additional 544 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of GlobalFoundries by 91.9% in the third quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after acquiring an additional 387 shares during the last quarter. First Horizon Corp bought a new position in shares of GlobalFoundries in the third quarter worth about $33,000. Finally, Covestor Ltd lifted its position in shares of GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after purchasing an additional 349 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Cowen reaffirmed a “buy” rating on shares of GlobalFoundries in a research report on Thursday, February 12th. Wedbush lifted their target price on GlobalFoundries from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Weiss Ratings raised GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Morgan Stanley set a $43.00 price objective on GlobalFoundries in a research report on Monday, February 9th. Finally, Dbs Bank lowered GlobalFoundries from a “moderate buy” rating to a “hold” rating in a report on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.13.

About GlobalFoundries

GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.