Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells 2,800 Shares of Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 2,800 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $82.88, for a total transaction of $232,064.00. Following the transaction, the insider owned 9,645 shares in the company, valued at approximately $799,377.60. The trade was a 22.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 5th, Michael James Hogan sold 500 shares of GlobalFoundries stock. The shares were 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 stock was 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 stock was sold at an average price of $48.31, for a total transaction of $86,958.00.
• On Wednesday, April 1st, Michael James Hogan sold 1,800 shares of GlobalFoundries stock. The stock was sold at an average price of $45.04, for a total transaction of $81,072.00.
• On Wednesday, March 18th, Michael James Hogan sold 1,800 shares of GlobalFoundries stock. The stock was sold at an average price of $43.25, for a total transaction of $77,850.00.

GlobalFoundries Stock Performance

GFS traded down $1.23 during trading on Friday, reaching $79.40. 3,320,714 shares of the company’s stock were exchanged, compared to its average volume of 4,522,777. GlobalFoundries Inc. has a 1 year low of $31.51 and a 1 year high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. The stock has a market capitalization of $44.18 billion, a P/E ratio of 57.23, a price-to-earnings-growth ratio of 2.87 and a beta of 1.71. The company’s fifty day simple moving average is $59.43 and its 200-day simple moving average is $47.28.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, research analysts predict that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, June 24th.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $70.00 target price on shares of GlobalFoundries in a report on Tuesday, May 5th. TD Cowen reaffirmed a “buy” rating on shares of GlobalFoundries in a report on Thursday, February 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $65.00 target price on shares of GlobalFoundries in a report on Wednesday, May 6th. Weiss Ratings raised shares of GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Finally, Dbs Bank cut shares of GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $69.88.

Institutional Investors Weigh In On GlobalFoundries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. WealthCollab LLC boosted its position in shares of GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after acquiring an additional 614 shares during the last quarter. True Wealth Design LLC boosted its position in shares of GlobalFoundries by 216.7% during 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 during the last quarter. Clearstead Advisors LLC boosted its position in shares of GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after acquiring an additional 387 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after acquiring an additional 237 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after acquiring an additional 349 shares during the last quarter.

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.