FY2025 EPS Estimates for GlobalFoundries Lowered by Analyst

GlobalFoundries Inc. (NASDAQ:GFS - Free Report) - Cantor Fitzgerald lowered their FY2025 earnings estimates for GlobalFoundries in a report issued on Wednesday, May 7th. Cantor Fitzgerald analyst C. Muse now forecasts that the company will post earnings of $1.27 per share for the year, down from their previous estimate 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.

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC upgraded shares of GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price target on the stock in a research report on Wednesday, February 12th. Citigroup dropped their price target on GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Morgan Stanley lowered their price objective on GlobalFoundries from $42.00 to $38.00 and set an "equal weight" rating for the company in a research note on Wednesday. UBS Group decreased their price target on GlobalFoundries from $45.00 to $37.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, Wedbush reiterated an "outperform" rating and set a $60.00 price objective on shares of GlobalFoundries in a research report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, GlobalFoundries has an average rating of "Moderate Buy" and a consensus price target of $48.33.

GlobalFoundries Price Performance

NASDAQ:GFS traded up $0.45 during trading hours on Thursday, reaching $36.39. The stock had a trading volume of 991,530 shares, compared to its average volume of 1,862,785. The stock has a market capitalization of $20.12 billion, a PE ratio of -75.81, 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 company has a 50 day moving average price of $35.64 and a two-hundred day moving average price of $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, beating the consensus estimate of $0.28 by $0.06. The business had revenue of $1.59 billion during 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 business's revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS.

Institutional Investors Weigh In On GlobalFoundries

Hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in shares of GlobalFoundries during the 4th quarter worth $52,000. SG Americas Securities LLC acquired a new position in GlobalFoundries during the 4th quarter valued at about $1,748,000. US Bancorp DE boosted its stake in GlobalFoundries by 187.2% in the 4th quarter. US Bancorp DE now owns 3,498 shares of the company's stock worth $150,000 after purchasing an additional 2,280 shares in the last quarter. Geode Capital Management LLC increased its position 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 valued at $39,176,000 after acquiring an additional 16,921 shares during the period. Finally, Polianta Ltd purchased a new stake in GlobalFoundries in the fourth quarter valued at approximately $1,317,000.

GlobalFoundries Company Profile

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.