GlobalFoundries (NASDAQ:GFS) Insider Sells $77,850.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 1,800 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $43.25, for a total transaction of $77,850.00. Following the completion of the sale, the insider 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 legal filing with the SEC, which is available at the SEC website.

GlobalFoundries Price Performance

GlobalFoundries stock opened at $43.08 on Monday. GlobalFoundries Inc. has a 52 week low of $29.77 and a 52 week high of $50.98. The company’s 50 day moving average price is $44.74 and its two-hundred day moving average price is $38.61. The stock has a market cap of $23.97 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.70 and a beta of 1.47. The company has a quick ratio of 1.95, a current ratio of 2.62 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.08. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.80 billion. GlobalFoundries had a return on equity of 6.86% and a net margin of 13.05%.GlobalFoundries’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. On average, equities analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on GFS. Morgan Stanley set a $43.00 target price on GlobalFoundries in a research report on Monday, February 9th. Wedbush boosted their price target on shares of GlobalFoundries from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Susquehanna restated a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a research report on Thursday, February 12th. UBS Group set a $50.00 price objective on shares of GlobalFoundries in a report on Thursday, February 12th. Finally, Weiss Ratings raised shares of GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $46.13.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in GlobalFoundries by 4.4% during the first quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock valued at $575,000 after acquiring an additional 660 shares in the last quarter. AQR Capital Management LLC lifted its stake in GlobalFoundries by 77.6% in the 1st 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 in the last quarter. Jones Financial Companies Lllp boosted its holdings in GlobalFoundries by 7,120.1% in the 1st quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after purchasing an additional 12,033 shares during the period. Allworth Financial LP boosted its holdings in GlobalFoundries by 85.5% in the 2nd quarter. Allworth Financial LP now owns 894 shares of the company’s stock valued at $34,000 after purchasing an additional 412 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of GlobalFoundries by 1,169.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,714 shares of the company’s stock valued at $65,000 after purchasing an additional 1,579 shares in the last quarter.

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.