Key Points
- GlobalFoundries insider Michael James Hogan sold 2,800 shares on May 27 for about $232,064, reducing his direct ownership by 22.5%. The trade was made under a pre-arranged Rule 10b5-1 plan.
- The company’s latest earnings beat expectations, with Q1 EPS of $0.40 versus the $0.35 consensus, while revenue came in at $1.63 billion and rose 3.1% year over year. GlobalFoundries also guided Q2 2026 EPS to a range of $0.25 to $0.35.
- GlobalFoundries announced a quarterly dividend of $0.12 per share, payable July 14 to shareholders of record on June 24. That works out to $0.48 annually, or a yield of about 0.6%.
GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Michael James Hogan sold 2,800 shares of GlobalFoundries stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $82.88, for a total transaction of $232,064.00. Following the sale, the insider directly owned 9,645 shares in the company, valued at $799,377.60. This trade represents a 22.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 Tuesday, May 5th, Michael James Hogan sold 500 shares of GlobalFoundries stock. The shares were sold at an average price of $70.00, for a total transaction of $35,000.00.
- 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 Performance
Shares of GlobalFoundries stock opened at $79.97 on Friday. GlobalFoundries Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. The firm has a market capitalization of $44.50 billion, a P/E ratio of 57.53, a P/E/G ratio of 2.85 and a beta of 1.71. The company's 50 day moving average price is $60.18 and its two-hundred day moving average price is $47.51.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its 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 firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business posted $0.34 earnings per share. The company'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 analysts forecast that GlobalFoundries Inc. will post 1.38 earnings per share for the current fiscal year.
GlobalFoundries Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be given a $0.12 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%.
Hedge Funds Weigh In On GlobalFoundries
Several large investors have recently modified their holdings of GFS. WealthCollab LLC raised its stake in GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company's stock worth $25,000 after buying an additional 614 shares during the last quarter. True Wealth Design LLC raised its stake in GlobalFoundries by 216.7% during the fourth quarter. True Wealth Design LLC now owns 795 shares of the company's stock worth $28,000 after buying an additional 544 shares during the last quarter. Clearstead Advisors LLC raised its stake in GlobalFoundries by 91.9% during the third quarter. Clearstead Advisors LLC now owns 808 shares of the company's stock worth $29,000 after buying an additional 387 shares during the last quarter. Covestor Ltd raised its stake in GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company's stock worth $33,000 after buying an additional 349 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in GlobalFoundries during the fourth quarter worth $35,000.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Dbs Bank downgraded shares of GlobalFoundries from a "moderate buy" rating to a "hold" rating in a research note on Friday, February 13th. Cantor Fitzgerald raised shares of GlobalFoundries from a "neutral" rating to an "overweight" rating and raised their price target for the company from $50.00 to $80.00 in a research note on Monday, May 4th. Wedbush reaffirmed a "neutral" rating and set a $50.00 price target on shares of GlobalFoundries in a research note on Monday, May 4th. Morgan Stanley raised their price target on shares of GlobalFoundries from $58.00 to $65.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 6th. Finally, Zacks Research raised shares of GlobalFoundries from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, GlobalFoundries has an average rating of "Hold" and an average target price of $69.88.
Check Out Our Latest Analysis 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
