GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) insider Michael James Hogan sold 1,800 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $45.04, for a total value of $81,072.00. Following the transaction, the insider owned 20,945 shares in the company, valued at $943,362.80. This trade represents a 7.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 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
GlobalFoundries stock remained flat at $43.75 on Friday. The company's stock had a trading volume of 2,419,945 shares, compared to its average volume of 4,527,299. GlobalFoundries Inc. has a fifty-two week low of $29.77 and a fifty-two week high of $50.98. The stock has a market capitalization of $24.34 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 1.75 and a beta of 1.46. 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 firm has a 50-day moving average of $45.09 and a two-hundred day moving average of $39.26.
GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its quarterly 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 net margin of 13.05% and a return on equity of 6.86%. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same period last year, the company posted $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. As a group, analysts predict that GlobalFoundries Inc. will post 1.31 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on GFS shares. Wedbush upped their price target on shares of GlobalFoundries from $40.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, February 12th. TD Cowen reaffirmed a "buy" rating on shares of GlobalFoundries in a report on Thursday, February 12th. Zacks Research upgraded shares of GlobalFoundries from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. The Goldman Sachs Group increased their price target on shares of GlobalFoundries from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Wednesday, February 11th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $46.13.
Get Our Latest Research Report on GFS
Institutional Investors Weigh In On GlobalFoundries
Several institutional investors have recently modified their holdings of GFS. WealthCollab LLC lifted its stake in GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company's stock valued at $25,000 after acquiring an additional 614 shares during the period. True Wealth Design LLC grew its stake in shares of GlobalFoundries by 216.7% in the fourth quarter. True Wealth Design LLC now owns 795 shares of the company's stock worth $28,000 after acquiring an additional 544 shares during the period. Clearstead Advisors LLC grew its stake in shares of GlobalFoundries by 91.9% in the third quarter. Clearstead Advisors LLC now owns 808 shares of the company's stock worth $29,000 after acquiring an additional 387 shares during the period. First Horizon Corp purchased a new position in shares of GlobalFoundries during the third quarter valued at approximately $33,000. Finally, Covestor Ltd raised its holdings in shares of 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 during the last quarter.
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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