Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells $81,072.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 1,800 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $45.04, for a total transaction of $81,072.00. Following the sale, the insider owned 20,945 shares of the company’s stock, valued at approximately $943,362.80. This represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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, March 18th, Michael James Hogan sold 1,800 shares of GlobalFoundries stock. The stock was sold at an average price of $43.25, for a total value of $77,850.00.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS opened at $43.75 on Monday. The stock’s 50-day moving average is $45.11 and its 200 day moving average is $39.45. The company has a market cap of $24.34 billion, a PE ratio of 27.52, a P/E/G ratio of 1.73 and a beta of 1.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.62 and a quick ratio of 1.95. GlobalFoundries Inc. has a 1 year low of $29.77 and a 1 year high of $50.98.

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

Institutional Trading of GlobalFoundries

Institutional investors and hedge funds have recently bought and sold shares of the company. WealthCollab LLC lifted its stake in shares of GlobalFoundries by 674.7% in the fourth 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 raised 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 acquiring an additional 544 shares during the last quarter. Clearstead Advisors LLC raised 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 acquiring an additional 387 shares during the last quarter. First Horizon Corp bought a new position in GlobalFoundries in the 3rd quarter valued at approximately $33,000. Finally, Covestor Ltd boosted its stake in GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after purchasing an additional 349 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GFS shares. Needham & Company LLC raised their target price on shares of GlobalFoundries from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Susquehanna reiterated a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a research report on Thursday, February 12th. Weiss Ratings upgraded shares of GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Morgan Stanley set a $43.00 price objective on GlobalFoundries in a research report on Monday, February 9th. Finally, UBS Group set a $50.00 target price on GlobalFoundries in a report on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, GlobalFoundries currently has an average rating of “Hold” and a consensus price target of $46.13.

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.