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

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 2,800 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $75.17, for a total transaction of $210,476.00. Following the completion of the sale, the insider owned 6,695 shares of the company’s stock, valued at $503,263.15. The trade was a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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, 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 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 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 transaction 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.
• On Wednesday, March 18th, Michael James Hogan sold 1,800 shares of GlobalFoundries stock. The shares were sold at an average price of $43.25, for a total value of $77,850.00.

GlobalFoundries Stock Performance

NASDAQ GFS traded up $1.01 during trading on Friday, hitting $81.75. 1,415,841 shares of the company’s stock traded hands, compared to its average volume of 4,531,485. The stock has a market capitalization of $45.48 billion, a price-to-earnings ratio of 58.88, a PEG ratio of 2.64 and a beta of 1.77. The business has a 50 day moving average of $66.63 and a 200-day moving average of $50.55. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month high of $92.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data 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. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, equities research analysts anticipate that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal 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 of this dividend is Wednesday, June 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. GlobalFoundries’s dividend payout ratio (DPR) is 34.53%.

Wall Street Analysts Forecast Growth

GFS has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Wedbush reaffirmed a “neutral” rating and issued a $50.00 target price on shares of GlobalFoundries in a research note on Monday, May 4th. UBS Group boosted their price target on GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Loop Capital set a $80.00 price target on GlobalFoundries in a report on Monday, May 4th. Finally, Needham & Company LLC boosted their price target on GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.29.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its holdings in shares of GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after acquiring an additional 237 shares during the period. Boothe Investment Group Inc. boosted its stake in GlobalFoundries by 1.4% during the 1st quarter. Boothe Investment Group Inc. now owns 77,458 shares of the company’s stock valued at $3,445,000 after purchasing an additional 1,092 shares during the last quarter. Western Wealth Management LLC purchased a new stake in GlobalFoundries during the 1st quarter valued at $68,000. Bank of America Corp DE boosted its holdings in shares of GlobalFoundries by 106.1% during the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock valued at $38,936,000 after acquiring an additional 450,722 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of GlobalFoundries in the 1st quarter worth $1,108,000.

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.