GlobalFoundries' (GFS) "Neutral" Rating Reiterated at Wedbush

Key Points

• Wedbush reiterated a "Neutral" rating on GlobalFoundries with a $50 price target, implying about a 22.97% downside from the recent close (stock opened around $64.91).
• Analyst mix is mixed but tilted to caution — 7 Buys, 12 Holds and 1 Sell — leaving a consensus rating of "Hold" and an average price target of $50.12, below current levels.
• GFS beat Q4 estimates (EPS $0.55 vs. $0.47; revenue $1.83B vs. $1.80B) and set Q1 2026 guidance of $0.30–$0.40 EPS, while insiders sold roughly 14,700 shares (~$770k) over the past 90 days.

GlobalFoundries (NASDAQ:GFS - Get Free Report)'s stock had its "neutral" rating reissued by equities research analysts at Wedbush in a research note issued on Monday,Benzinga reports. They presently have a $50.00 price target on the stock. Wedbush's price objective would suggest a potential downside of 22.97% from the company's previous close.

Several other research firms also recently commented on GFS. Robert W. Baird upped their price objective on GlobalFoundries from $40.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, February 12th. Weiss Ratings upgraded GlobalFoundries from a "sell (d)" rating to a "hold (c)" rating in a research note on Monday, March 2nd. Zacks Research upgraded GlobalFoundries from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. Cantor Fitzgerald upgraded GlobalFoundries from a "neutral" rating to an "overweight" rating in a research report on Monday. Finally, TD Cowen restated a "buy" rating on shares of GlobalFoundries in a research report on Thursday, February 12th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, GlobalFoundries currently has an average rating of "Hold" and a consensus price target of $50.12.

GlobalFoundries Price Performance

GlobalFoundries stock opened at $64.91 on Monday. GlobalFoundries has a 12 month low of $31.51 and a 12 month high of $65.05. The company has a current ratio of 2.62, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. The business's 50 day simple moving average is $48.71 and its 200 day simple moving average is $42.09. The company has a market cap of $36.12 billion, a price-to-earnings ratio of 40.82, a PEG ratio of 2.56 and a beta of 1.71.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.47 by $0.08. GlobalFoundries had a return on equity of 6.86% and a net margin of 13.05%.The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. GlobalFoundries's revenue for the quarter was up .0% on a year-over-year basis. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. Sell-side analysts forecast that GlobalFoundries will post 1.37 EPS for the current year.

Insiders Place Their Bets

In other GlobalFoundries news, insider Michael James Hogan sold 2,300 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $60.69, for a total transaction of $139,587.00. Following the sale, the insider owned 16,045 shares in the company, valued at $973,771.05. This represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $58.46, for a total value of $233,840.00. Following the sale, the director owned 18,867 shares in the company, valued at approximately $1,102,964.82. This represents a 17.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,700 shares of company stock worth $769,567 over the last 90 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Global Assets Advisory LLC bought a new position in shares of GlobalFoundries in the first quarter worth $53,000. Appleton Partners Inc. MA bought a new position in shares of GlobalFoundries in the first quarter worth $11,954,000. HB Wealth Management LLC bought a new position in shares of GlobalFoundries in the first quarter worth $227,000. Strs Ohio increased its holdings in shares of GlobalFoundries by 19.3% in the first quarter. Strs Ohio now owns 2,937 shares of the company's stock worth $131,000 after purchasing an additional 476 shares during the period. Finally, USS Investment Management Ltd increased its holdings in shares of GlobalFoundries by 23.3% in the first quarter. USS Investment Management Ltd now owns 43,170 shares of the company's stock worth $1,921,000 after purchasing an additional 8,144 shares during the period.

GlobalFoundries Company Profile

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.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.

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