GlobalFoundries (NASDAQ:GFS) Insider Michael James Hogan Sells 2,300 Shares of Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 2,300 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $60.69, for a total transaction of $139,587.00. Following the sale, the insider directly owned 16,045 shares of the company’s stock, valued at approximately $973,771.05. This trade represents a 12.54% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 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 Up 0.5%

Shares of NASDAQ:GFS opened at $64.91 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.62 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 $65.05. The company has a 50 day moving average of $48.71 and a two-hundred day moving average of $41.99. The company has a market capitalization of $36.12 billion, a price-to-earnings ratio of 40.82, a price-to-earnings-growth ratio of 2.55 and a beta of 1.71.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.08. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company earned $0.46 earnings per share. GlobalFoundries’s revenue for the quarter was up .0% on a year-over-year basis. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. As a group, analysts forecast that GlobalFoundries Inc. will post 1.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GFS. Royal Bank of Canada boosted its stake in GlobalFoundries by 4.4% during the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock valued at $575,000 after acquiring an additional 660 shares during the last quarter. AQR Capital Management LLC boosted its stake in GlobalFoundries by 77.6% during the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock valued at $3,679,000 after acquiring an additional 44,599 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in GlobalFoundries by 7,120.1% during the 1st quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after acquiring an additional 12,033 shares during the last quarter. American Century Companies Inc. boosted its stake in GlobalFoundries by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock valued at $1,055,000 after acquiring an additional 903 shares during the last quarter. Finally, M&T Bank Corp bought a new position in GlobalFoundries during the 2nd quarter valued at $269,000.

Analyst Ratings Changes

Several brokerages have issued reports on GFS. Needham & Company LLC increased their price objective on shares of GlobalFoundries from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. The Goldman Sachs Group lifted their target price on GlobalFoundries from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Wedbush boosted their price target on GlobalFoundries from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. UBS Group set a $50.00 price target on GlobalFoundries in a report on Thursday, February 12th. Finally, Zacks Research raised GlobalFoundries from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, GlobalFoundries presently has a consensus rating of “Hold” and a consensus target price of $46.13.

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.