BNP Paribas Exane Upgrades GlobalFoundries (NASDAQ:GFS) to Hold

Key Points

• BNP Paribas Exane upgraded GlobalFoundries to “Hold”, joining a broader analyst consensus of “Hold” with eight Buy, ten Hold, and two Sell ratings. The average price target is $74.63.
• GlobalFoundries reported quarterly EPS of $0.46, exceeding the $0.43 consensus estimate, while revenue rose 5.8% year over year to $1.79 billion. Management issued third-quarter 2026 EPS guidance of $0.46–$0.56.
• The stock opened at $48.07 and remains well below its 52-week high of $92.55; insiders have sold 16,255 shares worth approximately $842,668 over the past 90 days.

GlobalFoundries (NASDAQ:GFS - Get Free Report) was upgraded by BNP Paribas Exane to a "hold" rating in a note issued to investors on Monday, Zacks reports.

A number of other research firms also recently issued reports on GFS. Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a report on Wednesday, August 5th. TD Cowen reduced their target price on shares of GlobalFoundries from $85.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Zacks Research downgraded shares of GlobalFoundries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Arete Research set a $95.00 price target on shares of GlobalFoundries in a research note on Wednesday, June 10th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of GlobalFoundries in a research report on Tuesday, September 8th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $74.63.

GlobalFoundries Stock Down 1.2%

NASDAQ:GFS opened at $48.07 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The company has a market cap of $26.38 billion, a PE ratio of 37.55, a PEG ratio of 1.54 and a beta of 1.77. GlobalFoundries has a 52-week low of $32.02 and a 52-week high of $92.55. The stock has a 50-day simple moving average of $47.88 and a 200 day simple moving average of $59.57.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the previous year, the business posted $0.42 EPS. The business's quarterly revenue was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, sell-side analysts expect that GlobalFoundries will post 1.48 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 4,000 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $58.22, for a total transaction of $232,880.00. Following the transaction, the director owned 14,867 shares in the company, valued at approximately $865,556.74. This trade represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 2,145 shares of GlobalFoundries stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $48.83, for a total value of $104,740.35. Following the sale, the insider directly owned 2,145 shares of the company's stock, valued at approximately $104,740.35. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 16,255 shares of company stock valued at $842,668.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in shares of GlobalFoundries by 8,275,141.2% during the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company's stock worth $125,147,000 after buying an additional 2,813,548 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of GlobalFoundries by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company's stock valued at $59,571,000 after acquiring an additional 31,590 shares in the last quarter. Bank of America Corp DE increased its position in GlobalFoundries by 106.1% during the first quarter. Bank of America Corp DE now owns 875,361 shares of the company's stock worth $38,936,000 after acquiring an additional 450,722 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in GlobalFoundries by 322.8% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company's stock worth $31,803,000 after acquiring an additional 545,900 shares during the period. Finally, Atreides Management LP acquired a new stake in GlobalFoundries in the 1st quarter worth about $21,110,000.

GlobalFoundries Company Profile

GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers' designs and supporting them through process development, wafer fabrication, packaging, and related services.

Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.

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