Michael James Hogan Sells 2,800 Shares of GlobalFoundries (NASDAQ:GFS) Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 2,800 shares of GlobalFoundries stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $75.17, for a total transaction of $210,476.00. Following the sale, the insider directly owned 6,695 shares in the company, valued at $503,263.15. This trade represents a 29.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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, May 27th, Michael James Hogan sold 2,800 shares of GlobalFoundries stock. The shares were 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 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 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 shares were 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 shares were sold at an average price of $43.25, for a total value of $77,850.00.

GlobalFoundries Trading Up 0.8%

NASDAQ GFS opened at $81.38 on Friday. The company has a market cap of $45.28 billion, a price-to-earnings ratio of 58.55, a price-to-earnings-growth ratio of 2.88 and a beta of 1.77. GlobalFoundries Inc. has a twelve month low of $31.51 and a twelve month 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 business’s fifty day moving average is $67.37 and its 200 day moving average is $50.77.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results 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 return on equity of 6.85% and a net margin of 11.40%.The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, sell-side analysts expect that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

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

Institutional Trading of GlobalFoundries

Several institutional investors have recently added to or reduced their stakes in the stock. WealthCollab LLC raised 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 purchasing an additional 614 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of GlobalFoundries by 216.7% in the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after purchasing an additional 544 shares during the last quarter. Clearstead Advisors LLC boosted its stake in shares of GlobalFoundries by 91.9% in the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after purchasing an additional 387 shares during the last quarter. Parallel Advisors LLC increased its position in shares of GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after buying an additional 237 shares during the period. Finally, Covestor Ltd increased 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 buying an additional 349 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $70.00 target price on shares of GlobalFoundries in a research report on Tuesday, May 5th. Arete Research set a $95.00 price target on shares of GlobalFoundries in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. UBS Group boosted their price objective on shares of GlobalFoundries from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley increased their price objective on GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, GlobalFoundries has a consensus rating of “Hold” and an average price target 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.