GlobalFoundries (NASDAQ:GFS) Insider Michael James Hogan Sells 500 Shares

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Michael James Hogan sold 500 shares of the firm's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $70.00, for a total transaction of $35,000.00. Following the sale, the insider owned 15,395 shares of the company's stock, valued at $1,077,650. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Michael James Hogan also recently made the following trade(s):

• On Wednesday, April 29th, Michael James Hogan sold 2,300 shares of GlobalFoundries stock. The shares were sold at an average price of $60.69, for a total transaction of $139,587.00.
• 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 shares were sold at an average price of $45.04, for a total transaction 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 transaction of $77,850.00.

GlobalFoundries Stock Down 1.9%

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NASDAQ GFS opened at $70.93 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 1-year low of $31.51 and a 1-year high of $76.37. The company has a 50 day moving average of $50.25 and a 200-day moving average of $42.88. The company has a market cap of $39.47 billion, a price-to-earnings ratio of 51.03, a PEG ratio of 2.83 and a beta of 1.71.

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GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the business earned $0.34 earnings per share. The firm's quarterly revenue was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, equities research analysts expect that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. WealthCollab LLC raised its position in GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company's stock valued at $25,000 after purchasing an additional 614 shares in the last quarter. True Wealth Design LLC raised its position in GlobalFoundries by 216.7% during the fourth quarter. True Wealth Design LLC now owns 795 shares of the company's stock valued at $28,000 after purchasing an additional 544 shares in the last quarter. Clearstead Advisors LLC raised its position in GlobalFoundries by 91.9% during the third quarter. Clearstead Advisors LLC now owns 808 shares of the company's stock valued at $29,000 after purchasing an additional 387 shares in the last quarter. First Horizon Corp acquired a new position in GlobalFoundries during the third quarter valued at approximately $33,000. Finally, Covestor Ltd raised its position in GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company's stock valued at $33,000 after purchasing an additional 349 shares in the last quarter.

Analyst Upgrades and Downgrades

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GFS has been the subject of a number of analyst reports. Needham & Company LLC lifted their price target on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday. Citigroup lifted their price target on shares of GlobalFoundries from $49.00 to $70.00 and gave the company a "neutral" rating in a research report on Wednesday. Robert W. Baird set a $100.00 price objective on shares of GlobalFoundries in a research report on Wednesday. Morgan Stanley boosted their price objective on shares of GlobalFoundries from $58.00 to $65.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Wedbush restated a "neutral" rating and set a $50.00 price objective on shares of GlobalFoundries in a research report on Monday. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, GlobalFoundries currently has an average rating of "Hold" and a consensus target price of $66.06.

Get Our Latest Stock Report on GlobalFoundries

GlobalFoundries News Roundup

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Company announced inaugural quarterly dividend of $0.12/share (payable July 14, 2026) and a capital-allocation framework targeting up to 50% of adjusted free cash flow returned to shareholders via dividends and buybacks — a clear signal of shareholder-return commitment. GlobeNewswire Release
• Positive Sentiment: Investor Day emphasized durable growth opportunities in AI-centric markets and a broader technology roadmap to scale AI data centers — supports expectations for higher margins and long-term revenue upside. QuiverQuant Summary
• Positive Sentiment: Susquehanna upgraded GFS from neutral to positive and raised its target to $100 — a bullish analyst action that likely lifted sentiment and contributed to the stock rally. Susquehanna Upgrade
• Positive Sentiment: Additional analyst support: Needham boosted its price target to $80 and other firms raised targets, reinforcing momentum and driving buying interest. Needham Price-Target Raise
• Neutral Sentiment: JPMorgan raised its price target to $70 but kept a neutral rating — supportive on valuation but not an outright endorsement to buy. Benzinga Note
• Neutral Sentiment: Insider sale: Michael Hogan sold 500 shares under a pre‑arranged Rule 10b5‑1 plan (disclosed to the SEC) — routine execution, not an obvious red flag. SEC Form 4
• Negative Sentiment: Some risk: the inaugural dividend and buyback posture could be read as prioritizing near-term returns over incremental capex/reinvestment; management’s forward‑looking caution around geopolitical and execution risks remains large. QuiverQuant Risk Discussion
• Negative Sentiment: Valuation and expectations: GFS trades at an elevated multiple (high P/E relative to peers) so upside depends on execution against AI growth targets and converting promised free cash flow into returns. No external link

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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