GlobalFoundries (NASDAQ:GFS) Insider Michael James Hogan Sells 2,800 Shares

30 May 2026, 08:01 by Amy Steele · The Cerbat Gem

GlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) insider Michael James Hogan sold 2,800 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $82.88, for a total transaction of $232,064.00. Following the transaction, the insider owned 9,645 shares of the company’s stock, valued at approximately $799,377.60. This represents a 22.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 stock was 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 Down 0.8%

Shares of GFS stock opened at $79.97 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. The firm’s 50-day moving average is $60.18 and its 200-day moving average is $47.51. The stock has a market cap of $44.50 billion, a price-to-earnings ratio of 57.53, a PEG ratio of 2.85 and a beta of 1.71. GlobalFoundries Inc. has a 52-week low of $31.51 and a 52-week high of $92.55.

GlobalFoundries (NASDAQ:GFS – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. GlobalFoundries’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Sell-side analysts predict that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, June 24th.

Analyst Ratings Changes

Several research firms have weighed in on GFS. Evercore reissued an “outperform” rating and issued a $85.00 price target on shares of GlobalFoundries in a report on Tuesday, May 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $70.00 target price on shares of GlobalFoundries in a report on Tuesday, May 5th. Wedbush reaffirmed a “neutral” rating and set a $50.00 target price on shares of GlobalFoundries in a report on Monday, May 4th. Cantor Fitzgerald raised shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $50.00 to $80.00 in a report on Monday, May 4th. Finally, Weiss Ratings raised shares of GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $69.88.

Read Our Latest Analysis on GFS

Institutional Trading of GlobalFoundries

Several large investors have recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of GlobalFoundries by 7.9% during the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock worth $106,172,000 after acquiring an additional 217,866 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of GlobalFoundries by 9.9% during the 4th quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after acquiring an additional 257,254 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of GlobalFoundries by 8,275,141.2% during the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after acquiring an additional 2,813,548 shares in the last quarter. First Trust Advisors LP boosted its position in shares of GlobalFoundries by 15.2% during the 3rd quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock worth $95,315,000 after acquiring an additional 350,743 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of GlobalFoundries by 126.0% during the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after acquiring an additional 1,328,129 shares in the last quarter.

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.