GlobalFoundries (NASDAQ:GFS) Insider Sells $232,064.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 2,800 shares of GlobalFoundries stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $82.88, for a total value of $232,064.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 stock was sold at an average price of $70.00, for a total value 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 value 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 value 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 value 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 value 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 opened at $79.97 on Monday. The company’s 50 day moving average is $60.18 and its 200-day moving average is $47.60. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $92.55. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. The company has a market cap of $44.50 billion, a P/E ratio of 57.53, a PEG ratio of 2.83 and a beta of 1.77.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business 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 firm’s quarterly 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. Equities research analysts predict that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.6%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. TD Cowen restated a “buy” rating on shares of GlobalFoundries in a research report on Thursday, February 12th. Dbs Bank downgraded GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 13th. Robert W. Baird set a $100.00 price target on GlobalFoundries in a research note on Wednesday, May 6th. Morgan Stanley boosted their price target on GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, UBS Group upped their price objective on GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $69.88.

Institutional Trading of GlobalFoundries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. WealthCollab LLC lifted its holdings in GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after buying an additional 614 shares during the period. True Wealth Design LLC increased its stake in shares of GlobalFoundries by 216.7% in the fourth quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after buying an additional 544 shares during the period. Clearstead Advisors LLC increased 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 valued at $29,000 after buying an additional 387 shares during the period. Covestor Ltd raised 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 acquiring an additional 349 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in shares of GlobalFoundries during the fourth quarter worth about $35,000.

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.