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

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 500 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $60.00, for a total value of $30,000.00. Following the completion of the transaction, the insider owned 18,345 shares in the company, valued at $1,100,700. This trade represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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, 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.
• 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 value 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 value of $77,850.00.

GlobalFoundries Stock Performance

NASDAQ GFS opened at $60.39 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $47.03 and its two-hundred day moving average is $40.91. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month high of $60.98. The stock has a market capitalization of $33.60 billion, a price-to-earnings ratio of 37.98, a PEG ratio of 2.34 and a beta of 1.46.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Citigroup boosted their target price on GlobalFoundries from $42.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Zacks Research upgraded GlobalFoundries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Weiss Ratings upgraded GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Dbs Bank cut GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 13th. Finally, The Goldman Sachs Group boosted 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. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, GlobalFoundries currently has an average rating of “Hold” and a consensus price target of $46.13.

Institutional Trading of GlobalFoundries

A number of institutional investors have recently bought and sold shares of the company. Invesco Ltd. boosted its position in GlobalFoundries by 7.9% during the third quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock worth $106,172,000 after purchasing an additional 217,866 shares in the last quarter. AQR Capital Management LLC boosted its position in GlobalFoundries by 9.9% during the fourth quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after purchasing an additional 257,254 shares in the last quarter. First Trust Advisors LP boosted its position in GlobalFoundries by 15.2% during the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock worth $95,315,000 after purchasing an additional 350,743 shares in the last quarter. Marshall Wace LLP boosted its position in GlobalFoundries by 126.0% during the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after purchasing an additional 1,328,129 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC boosted its position in GlobalFoundries by 5.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 2,274,261 shares of the company’s stock worth $81,510,000 after purchasing an additional 124,812 shares in the last quarter.

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.