Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells 1,800 Shares of Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 1,800 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $43.25, for a total value of $77,850.00. Following the sale, the insider directly owned 22,895 shares of the company’s stock, valued at approximately $990,208.75. This trade represents a 7.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

GlobalFoundries Trading Up 0.5%

Shares of GlobalFoundries stock traded up $0.23 during trading hours on Friday, reaching $43.59. The stock had a trading volume of 1,590,327 shares, compared to its average volume of 4,090,378. The firm has a market capitalization of $24.25 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 1.68 and a beta of 1.47. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $50.98. 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 firm has a 50 day simple moving average of $44.68 and a two-hundred day simple moving average of $38.47.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. GlobalFoundries had a return on equity of 6.86% and a net margin of 13.05%.The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the business earned $0.46 EPS. The company’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, equities research analysts anticipate that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GFS. Invesco Ltd. increased its position in shares of GlobalFoundries by 7.9% during the 3rd 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 increased its holdings in shares of 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 buying an additional 257,254 shares in the last quarter. First Trust Advisors LP raised 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 acquiring an additional 350,743 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of GlobalFoundries by 126.0% in the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after acquiring an additional 1,328,129 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its position in GlobalFoundries by 5.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,274,261 shares of the company’s stock worth $81,510,000 after acquiring an additional 124,812 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on GFS. Robert W. Baird increased their price target on GlobalFoundries from $40.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Zacks Research upgraded GlobalFoundries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Weiss Ratings upgraded GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Susquehanna restated a “neutral” rating and issued a $50.00 price target on shares of GlobalFoundries in a report on Thursday, February 12th. Finally, 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. Six investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, GlobalFoundries currently has an average rating of “Hold” and an average price target of $46.13.

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.