Michael James Hogan Sells 500 Shares of GlobalFoundries (NASDAQ:GFS) Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 500 shares of GlobalFoundries stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $70.90, for a total transaction of $35,450.00. Following the completion of the transaction, the insider directly owned 795 shares in the company, valued at $56,365.50. This represents a 38.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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 transaction 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 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 transaction 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 value 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 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 stock was sold at an average price of $48.31, for a total value of $86,958.00.

GlobalFoundries Trading Down 1.1%

Shares of GFS stock traded down $0.74 during trading hours on Friday, reaching $68.97. 1,378,144 shares of the stock traded hands, compared to its average volume of 2,730,676. The business has a fifty day moving average price of $77.47 and a 200 day moving average price of $56.47. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $92.55. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $37.84 billion, a PE ratio of 49.62, a PEG ratio of 2.44 and a beta of 1.76.

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

GlobalFoundries Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a report on Friday, May 29th. Wedbush restated a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a report on Monday, May 4th. Citigroup increased their price objective on GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Zacks Research raised GlobalFoundries from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $65.00 target price on shares of GlobalFoundries in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.62.

Institutional Trading of GlobalFoundries

A number of institutional investors and hedge funds have recently made changes to their positions in GFS. Invesco Ltd. increased its holdings in shares of GlobalFoundries by 7.9% during the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock valued at $106,172,000 after acquiring an additional 217,866 shares during the last quarter. AQR Capital Management LLC grew its holdings in GlobalFoundries by 9.9% during the fourth quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock valued at $100,047,000 after purchasing an additional 257,254 shares during the last quarter. Bessemer Group Inc. raised its position in shares of GlobalFoundries by 8,275,141.2% in the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after purchasing an additional 2,813,548 shares during the period. Marshall Wace LLP lifted its stake in shares of GlobalFoundries by 126.0% in the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after buying an additional 1,328,129 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC boosted its holdings in shares of GlobalFoundries by 5.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,274,261 shares of the company’s stock worth $81,510,000 after buying an additional 124,812 shares during the period.

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.