GlobalFoundries (NASDAQ:GFS) Insider Sells 500 Shares of Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 500 shares of GlobalFoundries stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $70.90, for a total value of $35,450.00. Following the completion of the sale, the insider owned 795 shares of the company’s stock, valued at approximately $56,365.50. The trade was a 38.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Wednesday, July 8th, Michael James Hogan sold 2,200 shares of GlobalFoundries stock. The stock was sold at an average price of $65.90, for a total value of $144,980.00.
• On Wednesday, June 24th, Michael James Hogan sold 2,800 shares of GlobalFoundries stock. The shares were 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 stock was 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 stock was 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 Trading Down 0.7%

GFS stock traded down $0.47 during midday trading on Friday, reaching $69.24. The company’s stock had a trading volume of 696,443 shares, compared to its average volume of 4,318,665. The business’s 50-day simple moving average is $77.35 and its 200-day simple moving average is $56.38. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 52 week low of $31.51 and a 52 week high of $92.55. The stock has a market cap of $37.99 billion, a PE ratio of 49.81, a price-to-earnings-growth ratio of 2.40 and a beta of 1.76.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate 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 net margin of 11.40% and a return on equity of 6.85%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, sell-side analysts expect that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, June 24th. GlobalFoundries’s dividend payout ratio is currently 34.53%.

Analysts Set New Price Targets

GFS has been the topic of a number of recent analyst reports. Cantor Fitzgerald upgraded GlobalFoundries from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $50.00 to $80.00 in a report on Monday, May 4th. Morgan Stanley upped their price target on GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Arete Research set a $95.00 price target on shares of GlobalFoundries in a research report on Wednesday, June 10th. Zacks Research raised shares of GlobalFoundries from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Needham & Company LLC boosted their price objective on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, GlobalFoundries presently has a consensus rating of “Hold” and an average target price of $74.62.

Hedge Funds Weigh In On GlobalFoundries

A number of large investors have recently added to or reduced their stakes in the company. WealthCollab LLC raised its position in GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after acquiring an additional 614 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of 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 purchasing an additional 544 shares during the period. Covestor Ltd lifted its stake in GlobalFoundries by 57.6% in the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after purchasing an additional 349 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in GlobalFoundries during the fourth quarter worth about $35,000. Finally, Strategic Advocates LLC increased its position in GlobalFoundries by 95.1% during the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock worth $37,000 after buying an additional 500 shares during the last quarter.

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.