FY2025 EPS Estimates for GlobalFoundries Cut by Analyst

GlobalFoundries Inc. (NASDAQ:GFS - Free Report) - Analysts at Cantor Fitzgerald dropped their FY2025 EPS estimates for GlobalFoundries in a research report issued on Wednesday, May 7th. Cantor Fitzgerald analyst C. Muse now expects that the company will post earnings of $1.27 per share for the year, down from their previous forecast of $1.31. Cantor Fitzgerald currently has a "Neutral" rating on the stock. The consensus estimate for GlobalFoundries' current full-year earnings is $1.31 per share.

GFS has been the topic of a number of other reports. Wedbush reissued an "outperform" rating and issued a $60.00 price objective on shares of GlobalFoundries in a research note on Wednesday, February 12th. Morgan Stanley reduced their price target on shares of GlobalFoundries from $42.00 to $38.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. Needham & Company LLC raised shares of GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price target on the stock in a report on Wednesday, February 12th. Citigroup reduced their price target on shares of GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, UBS Group reduced their price objective on shares of GlobalFoundries from $45.00 to $37.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $48.33.

GlobalFoundries Price Performance

GFS stock traded up $0.75 during trading on Thursday, reaching $39.77. 771,469 shares of the company were exchanged, compared to its average volume of 1,860,731. The company has a market cap of $21.99 billion, a P/E ratio of -82.85, a PEG ratio of 1.42 and a beta of 1.54. GlobalFoundries has a 52-week low of $29.77 and a 52-week high of $61.98. The stock's 50 day moving average price is $35.65 and its 200 day moving average price is $39.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 2.11.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.06. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. GlobalFoundries had a negative net margin of 3.93% and a positive return on equity of 6.05%. The firm's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share.

Institutional Investors Weigh In On GlobalFoundries

A number of large investors have recently added to or reduced their stakes in GFS. FMR LLC increased its position in shares of GlobalFoundries by 7.5% in the 4th quarter. FMR LLC now owns 53,096,556 shares of the company's stock worth $2,278,373,000 after purchasing an additional 3,721,153 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of GlobalFoundries by 8,540.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company's stock worth $91,265,000 after purchasing an additional 2,444,018 shares during the last quarter. Analog Century Management LP bought a new stake in shares of GlobalFoundries in the 4th quarter worth about $50,298,000. BNP Paribas Financial Markets bought a new stake in shares of GlobalFoundries in the 4th quarter worth about $22,912,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of GlobalFoundries in the 4th quarter worth about $16,091,000.

About GlobalFoundries

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.