Brokerages Set GlobalFoundries Inc. (NASDAQ:GFS) PT at $43.79

Key Points

• GlobalFoundries Inc. (NASDAQ:GFS) has received a consensus rating of "Hold" from 14 ratings firms, with 8 holding and 6 giving a buy recommendation.
• The average 1-year target price set by analysts for GlobalFoundries is $43.79, reflecting a mix of updated price objectives, with some firms adjusting theirs lower.
• In its last quarterly earnings report, GlobalFoundries reported earnings per share of $0.42, surpassing estimates by $0.06, with a revenue of $1.69 billion, marking a 3.4% increase year-over-year.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) has earned a consensus recommendation of "Hold" from the fourteen research firms that are covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $43.7857.

GFS has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of GlobalFoundries from a "hold" rating to a "buy" rating in a research report on Monday, September 15th. Morgan Stanley lowered their price target on GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. The Goldman Sachs Group assumed coverage on shares of GlobalFoundries in a report on Thursday, July 10th. They issued a "neutral" rating and a $40.00 price objective for the company. Arete upgraded shares of GlobalFoundries from a "sell" rating to a "neutral" rating and set a $37.00 price objective for the company in a report on Wednesday, August 27th. Finally, Argus assumed coverage on shares of GlobalFoundries in a report on Tuesday, July 1st. They issued a "buy" rating and a $52.00 price objective for the company.

Hedge Funds Weigh In On GlobalFoundries

Several hedge funds have recently modified their holdings of GFS. Sumitomo Mitsui Trust Group Inc. grew its position in GlobalFoundries by 15.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 126,266 shares of the company's stock worth $4,660,000 after purchasing an additional 17,143 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in GlobalFoundries by 9.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 907,446 shares of the company's stock valued at $33,476,000 after purchasing an additional 79,670 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in GlobalFoundries by 49.0% in the first quarter. Janney Montgomery Scott LLC now owns 31,342 shares of the company's stock valued at $1,157,000 after purchasing an additional 10,313 shares in the last quarter. GAMMA Investing LLC grew its stake in GlobalFoundries by 9,009.1% in the first 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 in the last quarter. Finally, Signaturefd LLC lifted its position in shares of GlobalFoundries by 51.3% in the first quarter. Signaturefd LLC now owns 1,026 shares of the company's stock worth $38,000 after buying an additional 348 shares during the last quarter.

GlobalFoundries Stock Performance

Shares of GFS traded up $0.27 during mid-day trading on Monday, hitting $33.17. The stock had a trading volume of 3,515,815 shares, compared to its average volume of 2,593,947. The company has a market cap of $18.34 billion, a PE ratio of 24.74, a PEG ratio of 1.07 and a beta of 1.48. The company's fifty day simple moving average is $34.92 and its two-hundred day simple moving average is $36.21. The company has a quick ratio of 1.92, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. GlobalFoundries has a fifty-two week low of $29.77 and a fifty-two week 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, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.68 billion. GlobalFoundries had a positive return on equity of 6.55% and a negative net margin of 1.68%.The business's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. On average, equities analysts expect that GlobalFoundries will post 1.31 earnings per share for the current year.

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.