Insider Selling: GlobalFoundries (NASDAQ:GFS) Insider Sells $139,587.00 in Stock

GlobalFoundries Inc. (NASDAQ:GFS) insider Michael James Hogan sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $60.69, for a total value of $139,587.00. Following the completion of the sale, the insider owned 16,045 shares of the company’s stock, valued at approximately $973,771.05. This represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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.
• 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 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

NASDAQ GFS opened at $64.91 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. GlobalFoundries Inc. has a 52 week low of $31.51 and a 52 week high of $65.05. The business has a 50 day moving average price of $48.71 and a 200-day moving average price of $42.09. The company has a market cap of $36.12 billion, a price-to-earnings ratio of 40.82, a P/E/G ratio of 2.56 and a beta of 1.71.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. As a group, equities analysts expect that GlobalFoundries Inc. will post 1.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on GFS shares. Citigroup increased their price target on GlobalFoundries from $42.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Weiss Ratings raised 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 target price on shares of GlobalFoundries in a research note on Monday, February 9th. Wedbush increased their target price on shares of GlobalFoundries from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Finally, Needham & Company LLC raised their price target on shares of GlobalFoundries from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Six equities 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.13.

Institutional Trading of GlobalFoundries

A number of institutional investors and hedge funds have recently modified their holdings of the business. HRT Financial LP purchased a new position in GlobalFoundries in the fourth quarter worth $62,996,000. AQR Capital Management LLC increased its position in shares of GlobalFoundries by 168.2% during 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 last quarter. Marshall Wace LLP raised its stake in shares of GlobalFoundries by 126.0% during the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after purchasing an additional 1,328,129 shares during the period. UBS Group AG raised its stake in shares of GlobalFoundries by 136.7% during the 4th quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock worth $63,178,000 after purchasing an additional 1,044,755 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of GlobalFoundries by 15,179.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 919,867 shares of the company’s stock worth $32,122,000 after buying an additional 925,967 shares during 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.