GlobalFoundries' (GFS) "Sell (D)" Rating Reaffirmed at Weiss Ratings

Key Points

• GlobalFoundries' stock has been reaffirmed with a "Sell (D)" rating by Weiss Ratings, indicating a bearish outlook from analysts.
• Multiple analysts, including Goldman Sachs and UBS, have recently provided neutral ratings with adjusted target prices, reflecting uncertainty about the company's future performance.
• Despite mixed signals, GlobalFoundries reported earnings of $0.42 per share, slightly surpassing estimates, and anticipates posting 1.31 EPS for the current fiscal year.

GlobalFoundries (NASDAQ:GFS - Get Free Report)'s stock had its "sell (d)" rating reissued by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group started coverage on shares of GlobalFoundries in a report on Thursday, July 10th. They issued a "neutral" rating and a $40.00 target price on the stock. Arete Research set a $37.00 target price on shares of GlobalFoundries in a report on Wednesday, August 27th. Arete raised shares of GlobalFoundries from a "sell" rating to a "neutral" rating and set a $37.00 target price on the stock in a report on Wednesday, August 27th. UBS Group decreased their price objective on shares of GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Finally, Morgan Stanley decreased their price objective on shares of GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, GlobalFoundries presently has a consensus rating of "Hold" and a consensus price target of $43.79.

GlobalFoundries Stock Up 2.8%

GFS opened at $35.90 on Wednesday. The firm's 50-day simple moving average is $33.69 and its 200-day simple moving average is $35.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.92 and a current ratio of 2.63. GlobalFoundries has a twelve month low of $29.77 and a twelve month high of $47.69. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of -170.94, a PEG ratio of 1.14 and a beta of 1.49.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.55%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. Equities research analysts anticipate that GlobalFoundries will post 1.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GFS. GAMMA Investing LLC lifted its position in GlobalFoundries by 9,009.1% during the 1st quarter. GAMMA Investing LLC now owns 24,139 shares of the company's stock valued at $891,000 after purchasing an additional 23,874 shares during the period. Rhumbline Advisers raised its position in shares of GlobalFoundries by 1.5% in the 1st quarter. Rhumbline Advisers now owns 90,226 shares of the company's stock valued at $3,330,000 after acquiring an additional 1,311 shares during the period. Sanibel Captiva Trust Company Inc. raised its position in shares of GlobalFoundries by 21.1% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 11,470 shares of the company's stock valued at $423,000 after acquiring an additional 2,000 shares during the period. Janney Montgomery Scott LLC raised its position in shares of GlobalFoundries by 49.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,342 shares of the company's stock valued at $1,157,000 after acquiring an additional 10,313 shares during the period. Finally, Global X Japan Co. Ltd. raised its position in shares of GlobalFoundries by 2.4% in the 1st quarter. Global X Japan Co. Ltd. now owns 45,877 shares of the company's stock valued at $1,693,000 after acquiring an additional 1,060 shares during the period.

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.

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