GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Michael James Hogan sold 500 shares of the company's stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $60.00, for a total value of $30,000.00. Following the completion of the sale, the insider directly owned 18,345 shares in the company, valued at approximately $1,100,700. The trade was a 2.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 15th, Michael James Hogan sold 1,800 shares of GlobalFoundries stock. The shares were 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 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 Price Performance
GFS stock opened at $60.39 on Thursday. GlobalFoundries Inc. has a 1 year low of $31.51 and a 1 year high of $60.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.62. The stock's 50 day moving average price is $47.03 and its 200 day moving average price is $40.91. The firm has a market cap of $33.60 billion, a P/E ratio of 37.98, a PEG ratio of 2.34 and a beta of 1.46.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported $0.55 earnings per share (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 firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the company earned $0.46 EPS. GlobalFoundries's revenue was up .0% on a year-over-year basis. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. On average, sell-side analysts expect that GlobalFoundries Inc. will post 1.37 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. WealthCollab LLC lifted its stake in shares of GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company's stock worth $25,000 after purchasing an additional 614 shares during the period. True Wealth Design LLC lifted its stake in shares of GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company's stock worth $28,000 after purchasing an additional 544 shares during the period. Clearstead Advisors LLC lifted its stake in shares of GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company's stock worth $29,000 after purchasing an additional 387 shares during the period. First Horizon Corp purchased a new position in shares of GlobalFoundries during the 3rd quarter worth $33,000. Finally, Covestor Ltd lifted its stake in shares of GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company's stock worth $33,000 after purchasing an additional 349 shares during the period.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Wedbush upped 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. Morgan Stanley set a $43.00 target price on GlobalFoundries in a research note on Monday, February 9th. Citigroup upped their target price on GlobalFoundries from $42.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, February 12th. The Goldman Sachs Group upped their target price on GlobalFoundries from $40.00 to $46.00 and gave the company a "neutral" rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings raised GlobalFoundries from a "sell (d)" rating to a "hold (c)" rating in a research note on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $46.13.
Get Our Latest Analysis on GFS
About GlobalFoundries
(
Get Free Report)
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.
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