GlobalFoundries Inc. (NASDAQ:GFS) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• GlobalFoundries has a consensus “Hold” rating from 19 analysts: nine recommend holding, eight recommend buying, and two recommend selling. The average 12-month price target is $75.11.
• The company exceeded quarterly expectations, reporting EPS of $0.46 versus a $0.43 estimate and revenue of $1.79 billion, up 5.8% year over year. Management issued third-quarter 2026 EPS guidance of $0.46–$0.56.
• Several institutional investors increased their positions, while insiders sold 18,785 shares worth approximately $1.35 million over the past three months. GlobalFoundries also declared a quarterly dividend of $0.12 per share, representing a 0.9% annualized yield.

Shares of GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report) have been assigned a consensus rating of "Hold" from the nineteen analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $75.1111.

GFS has been the topic of several research reports. Needham & Company LLC boosted their price target on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Loop Capital set a $80.00 price objective on shares of GlobalFoundries in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of GlobalFoundries in a research note on Monday. The Goldman Sachs Group reissued a "neutral" rating and set a $70.00 target price on shares of GlobalFoundries in a report on Tuesday, May 5th. Finally, Morgan Stanley restated a "negative" rating and set a $60.00 target price on shares of GlobalFoundries in a research report on Thursday, August 6th.

Insider Activity at GlobalFoundries

In related news, insider Michael James Hogan sold 500 shares of the stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $70.90, for a total transaction of $35,450.00. Following the sale, the insider owned 795 shares of the company's stock, valued at approximately $56,365.50. This represents a 38.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the firm's stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $58.22, for a total value of $232,880.00. Following the completion of the transaction, the director owned 14,867 shares of the company's stock, valued at approximately $865,556.74. This represents a 21.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 18,785 shares of company stock worth $1,354,672.

Hedge Funds Weigh In On GlobalFoundries

A number of large investors have recently modified their holdings of the company. Invesco Ltd. increased its holdings in GlobalFoundries by 7.9% during the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company's stock worth $106,172,000 after acquiring an additional 217,866 shares during the period. AQR Capital Management LLC boosted its holdings in GlobalFoundries by 9.9% in the 4th quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company's stock valued at $100,047,000 after purchasing an additional 257,254 shares during the period. Bessemer Group Inc. grew its position in shares of GlobalFoundries by 8,275,141.2% during the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company's stock valued at $125,147,000 after purchasing an additional 2,813,548 shares in the last quarter. Marshall Wace LLP grew its position in shares of GlobalFoundries by 126.0% during the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company's stock valued at $83,180,000 after purchasing an additional 1,328,129 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of GlobalFoundries by 55.4% in the fourth quarter. Squarepoint Ops LLC now owns 2,021,035 shares of the company's stock worth $70,575,000 after purchasing an additional 720,846 shares during the period.

GlobalFoundries Trading Up 4.6%

Shares of GFS opened at $53.18 on Thursday. The business has a 50-day moving average of $67.18 and a 200 day moving average of $59.08. GlobalFoundries has a fifty-two week low of $31.59 and a fifty-two week high of $92.55. The firm has a market cap of $29.18 billion, a P/E ratio of 41.55, a price-to-earnings-growth ratio of 1.45 and a beta of 1.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%.The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, research analysts forecast that GlobalFoundries will post 1.41 EPS for the current year.

GlobalFoundries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, September 23rd. GlobalFoundries's payout ratio is presently 37.50%.

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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