GlobalFoundries (NASDAQ:GFS) Insider Michael James Hogan Sells 2,200 Shares of 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 stock was sold at an average price of $65.90, for a total value of $144,980.00. Following the sale, the insider directly owned 1,395 shares of the company’s stock, valued at approximately $91,930.50. The trade was a 61.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 transaction of $210,476.00.
• 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 stock was 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 shares were sold at an average price of $48.31, for a total transaction of $86,958.00.

GlobalFoundries Stock Down 1.1%

GFS traded down $0.74 during trading on Friday, hitting $68.97. The company had a trading volume of 1,378,144 shares, compared to its average volume of 2,730,676. The company has a market capitalization of $37.84 billion, a PE ratio of 49.62, a PEG ratio of 2.46 and a beta of 1.76. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a one year low of $31.51 and a one year high of $92.55. The firm’s 50-day moving average price is $77.47 and its 200 day moving average price is $56.47.

GlobalFoundries (NASDAQ:GFS) last released 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. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The company’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. As a group, equities analysts expect that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.

GlobalFoundries Dividend Announcement

The company 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 dividend of $0.12 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. GlobalFoundries’s dividend payout ratio (DPR) is presently 34.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GFS shares. Evercore reiterated an “outperform” rating and set a $85.00 price objective on shares of GlobalFoundries in a research note on Tuesday, May 19th. UBS Group raised their price objective on shares of GlobalFoundries from $65.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “hold” rating and issued a $65.00 target price on shares of GlobalFoundries in a research report on Wednesday, May 6th. Zacks Research raised GlobalFoundries from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, Wedbush reissued a “neutral” rating and issued a $50.00 target price on shares of GlobalFoundries in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $74.62.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GFS. Aster Capital Management DIFC Ltd grew its stake in GlobalFoundries by 844.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 62,593 shares of the company’s stock valued at $2,186,000 after purchasing an additional 55,967 shares during the period. AXQ Capital LP increased its stake in shares of GlobalFoundries by 438.9% in the fourth quarter. AXQ Capital LP now owns 49,617 shares of the company’s stock worth $1,733,000 after purchasing an additional 40,410 shares in the last quarter. Monaco Asset Management SAM purchased a new position in GlobalFoundries in the 4th quarter valued at approximately $6,984,000. UBS Group AG raised its stake in shares of GlobalFoundries by 136.7% during the 4th quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock valued at $63,178,000 after purchasing an additional 1,044,755 shares during the period. Finally, Catalyst Funds Management Pty Ltd bought a new position in GlobalFoundries in the 4th quarter worth about $1,526,000.

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.