GlobalFoundries (NASDAQ:GFS) Insider Sells $144,980.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $65.90, for a total value of $144,980.00. Following the completion of the sale, the insider directly owned 1,395 shares in the company, valued at $91,930.50. This trade represents a 61.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael James Hogan also recently made the following trade(s):

• On Thursday, July 9th, Michael James Hogan sold 500 shares of GlobalFoundries stock. The stock was sold at an average price of $70.90, for a total value of $35,450.00.
• On Wednesday, June 24th, Michael James Hogan sold 2,800 shares of GlobalFoundries stock. The stock was sold at an average price of $83.53, for a total transaction of $233,884.00.
• On Wednesday, June 10th, Michael James Hogan sold 2,800 shares of GlobalFoundries stock. The shares were sold at an average price of $75.17, for a total transaction of $210,476.00.
• On Wednesday, May 27th, Michael James Hogan sold 2,800 shares of GlobalFoundries stock. The shares were sold at an average price of $82.88, for a total transaction of $232,064.00.
• On Tuesday, May 5th, Michael James Hogan sold 500 shares of GlobalFoundries stock. The stock was sold at an average price of $70.00, for a total transaction of $35,000.00.
• On Wednesday, April 29th, Michael James Hogan sold 2,300 shares of GlobalFoundries stock. The shares were sold at an average price of $60.69, for a total transaction of $139,587.00.
• On Monday, April 20th, Michael James Hogan sold 500 shares of GlobalFoundries stock. The shares were sold at an average price of $60.00, for a total transaction of $30,000.00.
• On Wednesday, April 15th, Michael James Hogan sold 1,800 shares of GlobalFoundries stock. The shares were sold at an average price of $48.31, for a total transaction of $86,958.00.

GlobalFoundries Stock Performance

NASDAQ GFS opened at $68.97 on Monday. The firm’s fifty day moving average price is $77.47 and its two-hundred day moving average price is $56.61. The stock has a market cap of $37.84 billion, a PE ratio of 49.62, a PEG ratio of 2.44 and a beta of 1.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. GlobalFoundries Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $92.55.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.GlobalFoundries’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, equities analysts expect that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, June 24th. GlobalFoundries’s dividend payout ratio (DPR) is presently 34.53%.

Analyst Ratings Changes

Several research firms have recently issued reports on GFS. Citigroup upped their price objective on GlobalFoundries from $49.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Jefferies Financial Group reissued a “hold” rating and set a $65.00 target price on shares of GlobalFoundries in a report on Wednesday, May 6th. Needham & Company LLC upped their price target on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Cantor Fitzgerald raised shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and raised their price target for the company from $50.00 to $80.00 in a research note on Monday, May 4th. Finally, Loop Capital set a $80.00 price target on shares of GlobalFoundries in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, GlobalFoundries has an average rating of “Hold” and a consensus price target of $74.62.

Hedge Funds Weigh In On GlobalFoundries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd lifted its position in shares of GlobalFoundries by 844.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 62,593 shares of the company’s stock worth $2,186,000 after purchasing an additional 55,967 shares during the period. AXQ Capital LP increased its position in shares of GlobalFoundries by 438.9% during the fourth quarter. AXQ Capital LP now owns 49,617 shares of the company’s stock worth $1,733,000 after buying an additional 40,410 shares during the period. Monaco Asset Management SAM bought a new position in GlobalFoundries during the fourth quarter worth $6,984,000. UBS Group AG raised its stake in GlobalFoundries by 136.7% during the fourth quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock worth $63,178,000 after buying an additional 1,044,755 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new position in GlobalFoundries in the fourth quarter valued at $1,526,000.

GlobalFoundries Company Profile

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.