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

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 2,800 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $83.53, for a total value of $233,884.00. Following the transaction, the insider directly owned 3,745 shares of the company’s stock, valued at $312,819.85. This represents a 42.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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, 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 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 shares were 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 shares were 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 transaction of $81,072.00.

GlobalFoundries Trading Down 7.2%

GlobalFoundries stock opened at $79.91 on Friday. GlobalFoundries Inc. has a 12 month low of $31.51 and a 12 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 stock has a market cap of $43.85 billion, a P/E ratio of 57.49, a P/E/G ratio of 3.04 and a beta of 1.77. The company’s fifty day simple moving average is $74.83 and its 200-day simple moving average is $54.10.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, sell-side analysts forecast that GlobalFoundries Inc. will post 1.38 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. GlobalFoundries’s dividend payout ratio is currently 34.53%.

Hedge Funds Weigh In On GlobalFoundries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rafferty Asset Management LLC grew its position in GlobalFoundries by 18.4% in the 3rd quarter. Rafferty Asset Management LLC now owns 372,122 shares of the company’s stock worth $13,337,000 after purchasing an additional 57,774 shares during the last quarter. Aster Capital Management DIFC Ltd raised its position in shares of GlobalFoundries by 844.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 62,593 shares of the company’s stock valued at $2,186,000 after buying an additional 55,967 shares during the last quarter. AXQ Capital LP raised its position in shares of GlobalFoundries by 438.9% during the fourth quarter. AXQ Capital LP now owns 49,617 shares of the company’s stock valued at $1,733,000 after buying an additional 40,410 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of GlobalFoundries by 15.2% in the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock valued at $95,315,000 after buying an additional 350,743 shares during the period. Finally, UBS Group AG lifted its stake in shares of GlobalFoundries by 136.7% in the fourth quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock valued at $63,178,000 after buying an additional 1,044,755 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GFS. Robert W. Baird set a $100.00 target price on GlobalFoundries in a report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a report on Friday, May 29th. Citigroup raised their price objective on GlobalFoundries from $49.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Loop Capital set a $80.00 target price on GlobalFoundries in a research report on Monday, May 4th. Finally, Wedbush reiterated a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, GlobalFoundries has an average rating of “Hold” and a consensus target price 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.