Key Points
- Insider Michael James Hogan sold 2,300 GlobalFoundries shares on April 29 at an average price of $60.69 for $139,587, reducing his stake by 12.54% to 16,045 shares; the trade was executed under a pre-arranged Rule 10b5-1 plan.
- Hogan has repeatedly sold shares this quarter (including multiple transactions in March and April), signaling a clear pattern of insider selling rather than a one-off sale.
- For context, GFS recently traded near its 12‑month high (~$65), has a market cap of about $36.1 billion, and carries a consensus analyst rating of Hold with an average target price of $46.13.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Michael James Hogan sold 2,300 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $60.69, for a total transaction of $139,587.00. Following the transaction, the insider owned 16,045 shares in the company, valued at $973,771.05. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 transaction of $30,000.00.
- 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 transaction 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 stock was sold at an average price of $43.25, for a total value of $77,850.00.
GlobalFoundries Stock Performance
Shares of GFS opened at $64.91 on Friday. The business's fifty day moving average price is $48.71 and its 200 day moving average price is $41.99. GlobalFoundries Inc. has a 12-month low of $31.51 and a 12-month high of $65.05. The stock has a market capitalization of $36.12 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 2.55 and a beta of 1.71. 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 (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) 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 firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same period last year, the business posted $0.46 earnings per share. The firm's revenue for the quarter was up .0% on a year-over-year basis. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. Equities research analysts forecast that GlobalFoundries Inc. will post 1.37 EPS for the current year.
Institutional Investors Weigh In On GlobalFoundries
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vident Advisory LLC raised its stake in shares of GlobalFoundries by 5.0% during the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company's stock valued at $215,000 after purchasing an additional 293 shares in the last quarter. Profund Advisors LLC raised its stake in shares of GlobalFoundries by 0.7% during the third quarter. Profund Advisors LLC now owns 45,349 shares of the company's stock valued at $1,625,000 after purchasing an additional 299 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its stake in shares of GlobalFoundries by 9.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company's stock valued at $125,000 after purchasing an additional 305 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of GlobalFoundries by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company's stock valued at $372,000 after purchasing an additional 324 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of GlobalFoundries by 5.7% during the second quarter. California State Teachers Retirement System now owns 6,480 shares of the company's stock valued at $248,000 after purchasing an additional 347 shares in the last quarter.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Dbs Bank cut GlobalFoundries from a "moderate buy" rating to a "hold" rating in a research note on Friday, February 13th. UBS Group set a $50.00 price objective on GlobalFoundries in a research note on Thursday, February 12th. Zacks Research upgraded GlobalFoundries from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. Wedbush raised 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. Finally, Robert W. Baird raised their target price on GlobalFoundries from $40.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, February 12th. Six equities research 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. According to MarketBeat, GlobalFoundries has a consensus rating of "Hold" and an average target price of $46.13.
View Our Latest Research Report on GFS
GlobalFoundries Company Profile
(
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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