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FY2025 EPS Estimates for GlobalFoundries Boosted by Analyst

GlobalFoundries logo with Computer and Technology background

Key Points

  • Analysts at Cantor Fitzgerald raised their FY2025 earnings per share estimate for GlobalFoundries to $1.37 from a previous estimate of $1.34.
  • GlobalFoundries' recent quarterly earnings report showed an EPS of $0.42, exceeding analysts' expectations of $0.36, with revenue of $1.69 billion.
  • Several analysts have adjusted their price targets for GlobalFoundries; for instance, Wedbush lowered its target from $48 to $40 while UBS reduced it from $43 to $37.
  • Need Better Tools to Track GlobalFoundries? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

GlobalFoundries Inc. (NASDAQ:GFS - Free Report) - Analysts at Cantor Fitzgerald lifted their FY2025 earnings per share estimates for GlobalFoundries in a research report issued to clients and investors on Wednesday, August 6th. Cantor Fitzgerald analyst C. Muse now forecasts that the company will post earnings of $1.37 per share for the year, up from their prior estimate of $1.34. Cantor Fitzgerald currently has a "Neutral" rating on the stock. The consensus estimate for GlobalFoundries' current full-year earnings is $1.31 per share.

A number of other analysts also recently weighed in on the company. Wedbush cut their target price on GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday. UBS Group lowered their price objective on GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating for the company in a research note on Wednesday. Wall Street Zen upgraded GlobalFoundries from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. The Goldman Sachs Group began coverage on GlobalFoundries in a research note on Thursday, July 10th. They issued a "neutral" rating and a $40.00 target price for the company. Finally, Morgan Stanley cut their price target on shares of GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating for the company in a report on Wednesday. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $44.92.

Check Out Our Latest Analysis on GFS

GlobalFoundries Trading Up 0.9%

Shares of NASDAQ:GFS opened at $32.57 on Friday. The firm has a market cap of $18.01 billion, a price-to-earnings ratio of -155.11, a PEG ratio of 1.04 and a beta of 1.50. The company's fifty day simple moving average is $38.44 and its 200 day simple moving average is $38.05. GlobalFoundries has a 12 month low of $29.77 and a 12 month high of $47.69. The company has a quick ratio of 1.77, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. The business had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.68 billion. GlobalFoundries had a positive return on equity of 6.55% and a negative net margin of 1.68%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 earnings per share.

Institutional Investors Weigh In On GlobalFoundries

Several hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its holdings in GlobalFoundries by 1.7% in the fourth quarter. American Century Companies Inc. now owns 25,949 shares of the company's stock valued at $1,113,000 after acquiring an additional 438 shares in the last quarter. Sei Investments Co. boosted its stake in GlobalFoundries by 7.6% in the fourth quarter. Sei Investments Co. now owns 9,495 shares of the company's stock valued at $407,000 after acquiring an additional 667 shares during the period. Norges Bank bought a new position in GlobalFoundries during the 4th quarter worth $4,672,000. Geode Capital Management LLC increased its holdings in shares of GlobalFoundries by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 912,986 shares of the company's stock worth $39,176,000 after acquiring an additional 16,921 shares during the period. Finally, Invesco Ltd. lifted its position in GlobalFoundries by 10.5% in the 4th quarter. Invesco Ltd. now owns 2,331,811 shares of the company's stock valued at $100,058,000 after purchasing an additional 221,731 shares during the last quarter.

About GlobalFoundries

(Get Free Report)

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.

See Also

Earnings History and Estimates for GlobalFoundries (NASDAQ:GFS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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