GlobalFoundries (NASDAQ:GFS) Insider Sells $86,958.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 1,800 shares of GlobalFoundries stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $48.31, for a total value of $86,958.00. Following the completion of the transaction, the insider owned 18,995 shares of the company’s stock, valued at approximately $917,648.45. The trade was a 8.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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, 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.
• 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

Shares of GFS stock opened at $54.75 on Monday. The company has a quick ratio of 1.95, a current ratio of 2.62 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average of $46.15 and a two-hundred day moving average of $40.45. GlobalFoundries Inc. has a 52 week low of $30.73 and a 52 week high of $54.98. The company has a market cap of $30.46 billion, a P/E ratio of 34.43, a PEG ratio of 2.16 and a beta of 1.46.

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

Analyst Upgrades and Downgrades

GFS has been the subject of a number of research reports. Wedbush lifted their target price on GlobalFoundries from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. TD Cowen reissued a “buy” rating on shares of GlobalFoundries in a report on Thursday, February 12th. Zacks Research raised GlobalFoundries from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Dbs Bank lowered GlobalFoundries from a “moderate buy” rating to a “hold” rating in a report on Friday, February 13th. Finally, The Goldman Sachs Group increased their price objective on GlobalFoundries from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.13.

Hedge Funds Weigh In On GlobalFoundries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. WealthCollab LLC grew its holdings in GlobalFoundries by 674.7% in the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after buying an additional 614 shares in the last quarter. True Wealth Design LLC grew its holdings in GlobalFoundries by 216.7% in the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after buying an additional 544 shares in the last quarter. Clearstead Advisors LLC grew its holdings in GlobalFoundries by 91.9% in the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after buying an additional 387 shares in the last quarter. First Horizon Corp bought a new position in GlobalFoundries in the 3rd quarter worth approximately $33,000. Finally, Covestor Ltd grew its holdings in GlobalFoundries by 57.6% in the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after buying an additional 349 shares in the last quarter.

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.