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

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 2,800 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $83.53, for a total transaction of $233,884.00. Following the transaction, the insider owned 3,745 shares of the company’s stock, valued at approximately $312,819.85. The trade was a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 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 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 stock was 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.
• On Wednesday, April 1st, Michael James Hogan sold 1,800 shares of GlobalFoundries stock. The shares were sold at an average price of $45.04, for a total value of $81,072.00.

GlobalFoundries Stock Down 7.2%

Shares of GFS stock opened at $79.91 on Friday. The stock has a market cap of $43.85 billion, a P/E ratio of 57.49, a price-to-earnings-growth ratio of 2.82 and a beta of 1.77. GlobalFoundries Inc. has a one year low of $31.51 and a one year high of $92.55. The stock has a fifty day moving average price of $74.83 and a 200 day moving average price of $54.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The company 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 posted $0.34 EPS. The business’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 predict that GlobalFoundries Inc. will post 1.38 earnings per share for the current year.

GlobalFoundries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be paid 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 yield of 0.6%. GlobalFoundries’s dividend payout ratio (DPR) is currently 34.53%.

Analyst Upgrades and Downgrades

GFS has been the subject of a number of recent research reports. Cantor Fitzgerald raised GlobalFoundries from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $50.00 to $80.00 in a report on Monday, May 4th. JPMorgan Chase & Co. upped their price target on GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Arete Research set a $95.00 price objective on GlobalFoundries in a research note on Wednesday, June 10th. Evercore reissued an “outperform” rating and set a $85.00 price objective on shares of GlobalFoundries in a report on Tuesday, May 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research note on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GFS. Royal Bank of Canada increased its holdings in GlobalFoundries by 4.4% during the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock valued at $575,000 after purchasing an additional 660 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of GlobalFoundries by 77.6% during the first quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock worth $3,679,000 after purchasing an additional 44,599 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of GlobalFoundries by 7,120.1% in the first quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after buying an additional 12,033 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of GlobalFoundries by 3.4% in the second quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock valued at $1,055,000 after buying an additional 903 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in GlobalFoundries during the 2nd quarter worth about $269,000.

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.