Michael James Hogan Sells 2,200 Shares of GlobalFoundries (NASDAQ:GFS) Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 2,200 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $65.90, for a total transaction of $144,980.00. Following the completion of the sale, the insider directly owned 1,395 shares of the company’s stock, valued at approximately $91,930.50. This trade represents a 61.20% decrease in their position. The transaction was disclosed in a document filed 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 Thursday, July 9th, Michael James Hogan sold 500 shares of GlobalFoundries stock. The stock was sold at an average price of $70.90, for a total transaction of $35,450.00.
• 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 shares were sold at an average price of $75.17, for a total value 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 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 stock was sold at an average price of $48.31, for a total value of $86,958.00.

GlobalFoundries Trading Down 0.7%

Shares of NASDAQ GFS traded down $0.47 during mid-day trading on Friday, reaching $69.24. 696,443 shares of the company’s stock were exchanged, compared to its average volume of 4,318,665. The company’s 50-day moving average is $77.35 and its 200-day moving average is $56.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. The firm has a market capitalization of $37.99 billion, a price-to-earnings ratio of 49.75, a PEG ratio of 2.40 and a beta of 1.76. GlobalFoundries Inc. has a 52-week low of $31.51 and a 52-week high of $92.55.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data 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. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the firm earned $0.34 EPS. GlobalFoundries’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. Analysts expect that GlobalFoundries Inc. will post 1.38 EPS 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 paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, June 24th. GlobalFoundries’s payout ratio is 34.53%.

Institutional Investors Weigh In On GlobalFoundries

Several large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in shares of GlobalFoundries by 8.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock valued at $87,000 after buying an additional 154 shares in the last quarter. Parallel Advisors LLC raised its stake in GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after acquiring an additional 237 shares in the last quarter. Vident Advisory LLC lifted its position in GlobalFoundries by 5.0% in the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock valued at $215,000 after acquiring an additional 293 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its position in GlobalFoundries by 9.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company’s stock valued at $125,000 after acquiring an additional 305 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in GlobalFoundries by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock valued at $372,000 after acquiring an additional 324 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GFS shares. Morgan Stanley increased their price objective on shares of GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Evercore reissued an “outperform” rating and issued a $85.00 target price on shares of GlobalFoundries in a research report on Tuesday, May 19th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research note on Friday, May 29th. The Goldman Sachs Group restated a “neutral” rating and set a $70.00 price target on shares of GlobalFoundries in a research report on Tuesday, May 5th. Finally, Zacks Research raised GlobalFoundries from a “hold” rating to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, GlobalFoundries currently has an average rating of “Hold” and an average price target of $74.62.

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.