GlobalFoundries (NASDAQ:GFS) Insider Sells $233,884.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 2,800 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $83.53, for a total value of $233,884.00. Following the completion of the transaction, the insider directly owned 3,745 shares of the company’s stock, valued at approximately $312,819.85. This trade represents a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 Wednesday, June 10th, Michael James Hogan sold 2,800 shares of GlobalFoundries stock. The stock was 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 value of $232,064.00.
• 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 stock was 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 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 shares were 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 shares were sold at an average price of $45.04, for a total value of $81,072.00.

GlobalFoundries Stock Up 0.2%

GFS stock opened at $79.91 on Monday. 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 firm has a 50 day simple moving average of $74.83 and a 200-day simple moving average of $54.19. The company has a market capitalization of $43.85 billion, a P/E ratio of 57.49, a PEG ratio of 2.82 and a beta of 1.77. GlobalFoundries Inc. has a twelve month low of $31.51 and a twelve month high of $92.55.

GlobalFoundries (NASDAQ:GFS) last released 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. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, equities research analysts predict that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.48 annualized dividend and a yield of 0.6%. GlobalFoundries’s payout ratio is presently 34.53%.

Hedge Funds Weigh In On GlobalFoundries

A number of hedge funds have recently modified their holdings of GFS. WealthCollab LLC boosted its holdings in shares of GlobalFoundries by 674.7% in the fourth 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 raised its holdings in shares of GlobalFoundries by 216.7% during the fourth 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 period. Clearstead Advisors LLC raised its holdings in shares of GlobalFoundries by 91.9% during the third 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 period. Parallel Advisors LLC lifted its position in shares of GlobalFoundries by 39.8% in 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 in the last quarter. Finally, Covestor Ltd lifted its position in shares of GlobalFoundries by 57.6% in the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after acquiring an additional 349 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Arete Research set a $95.00 price target on shares of GlobalFoundries in a research note on Wednesday, June 10th. Wedbush reiterated a “neutral” rating and set a $50.00 price objective on shares of GlobalFoundries in a research note on Monday, May 4th. Susquehanna boosted their target price on GlobalFoundries to $125.00 and gave the stock a “positive” rating in a report on Monday, May 11th. Robert W. Baird set a $100.00 target price on GlobalFoundries in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $70.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 5th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, GlobalFoundries has an average rating of “Hold” and a consensus target price of $73.29.

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.