GlobalFoundries Inc. (NASDAQ:GFS) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• GlobalFoundries Inc. has received a consensus rating of "Hold" from thirteen analysts, with seven recommending hold and six suggesting buy.
• The average twelve-month price target for GlobalFoundries shares is $43.79, with recent adjustments by various brokerages ranging from $37.00 to $52.00.
• In its latest earnings report, GlobalFoundries beat estimates with an EPS of $0.42, driven by revenue of $1.69 billion for the quarter.

Shares of GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) have been given a consensus rating of "Hold" by the thirteen analysts that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $43.7857.

Several brokerages recently issued reports on GFS. UBS Group decreased their price target 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. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of GlobalFoundries in a report on Monday, May 5th. Argus began coverage on shares of GlobalFoundries in a report on Tuesday, July 1st. They set a "buy" rating and a $52.00 price target on the stock. Wedbush decreased their price target on shares of GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Finally, Arete raised shares of GlobalFoundries from a "sell" rating to a "neutral" rating and set a $37.00 price target on the stock in a report on Wednesday.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS opened at $33.97 on Thursday. The firm has a 50 day moving average of $37.28 and a 200-day moving average of $37.30. The stock has a market capitalization of $18.78 billion, a PE ratio of -161.75, a PEG ratio of 1.10 and a beta of 1.50. The company has a current ratio of 2.63, a quick ratio of 1.92 and a debt-to-equity ratio of 0.13. GlobalFoundries has a 12 month low of $29.77 and a 12 month high of $47.69.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.68 billion. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.55%. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 EPS. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. On average, equities research analysts predict that GlobalFoundries will post 1.31 EPS for the current fiscal year.

Institutional Investors Weigh In On GlobalFoundries

Several hedge funds and other institutional investors have recently made changes to their positions in GFS. SBI Securities Co. Ltd. raised its stake in GlobalFoundries by 26.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,539 shares of the company's stock worth $57,000 after buying an additional 320 shares during the period. The Manufacturers Life Insurance Company boosted its stake in GlobalFoundries by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company's stock valued at $372,000 after purchasing an additional 324 shares during the last quarter. Voya Investment Management LLC boosted its stake in GlobalFoundries by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 12,288 shares of the company's stock valued at $454,000 after purchasing an additional 346 shares during the last quarter. California State Teachers Retirement System boosted its stake in GlobalFoundries by 5.7% during the 2nd quarter. California State Teachers Retirement System now owns 6,480 shares of the company's stock valued at $248,000 after purchasing an additional 347 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in GlobalFoundries by 51.3% during the 1st quarter. Signaturefd LLC now owns 1,026 shares of the company's stock valued at $38,000 after purchasing an additional 348 shares during the last quarter.

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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