Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells $35,450.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 500 shares of GlobalFoundries stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $70.90, for a total value of $35,450.00. Following the transaction, the insider owned 795 shares in the company, valued at $56,365.50. This trade represents a 38.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 Wednesday, July 8th, Michael James Hogan sold 2,200 shares of GlobalFoundries stock. The stock was sold at an average price of $65.90, for a total value of $144,980.00.
• On Wednesday, June 24th, Michael James Hogan sold 2,800 shares of GlobalFoundries stock. The stock was 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 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 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 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 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.

GlobalFoundries Price Performance

Shares of GFS opened at $68.97 on Monday. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $77.47 and its 200 day simple moving average is $56.61. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $92.55. The company has a market cap of $37.84 billion, a price-to-earnings ratio of 49.62, a PEG ratio of 2.44 and a beta of 1.76.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 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 firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, research analysts forecast that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, June 24th. GlobalFoundries’s dividend payout ratio (DPR) is 34.53%.

Institutional Investors Weigh In On GlobalFoundries

A number of institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. grew its position in shares of GlobalFoundries by 8,275,141.2% in the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after purchasing an additional 2,813,548 shares during the last quarter. HRT Financial LP acquired a new stake in GlobalFoundries during the 4th quarter worth approximately $62,996,000. AQR Capital Management LLC boosted its stake in GlobalFoundries by 168.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock valued at $93,463,000 after purchasing an additional 1,635,338 shares during the period. Marshall Wace LLP boosted its stake in GlobalFoundries by 126.0% in the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock valued at $83,180,000 after purchasing an additional 1,328,129 shares during the period. Finally, UBS Group AG grew its holdings in GlobalFoundries by 136.7% in the 4th 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 in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GFS. Evercore reissued an “outperform” rating and set a $85.00 price target on shares of GlobalFoundries in a research report on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a research note on Friday, May 29th. Zacks Research raised GlobalFoundries from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. The Goldman Sachs Group restated a “neutral” rating and issued a $70.00 price target on shares of GlobalFoundries in a research note on Tuesday, May 5th. Finally, Robert W. Baird set a $100.00 price target on GlobalFoundries in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.62.

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.