GlobalFoundries (NASDAQ:GFS) Earns Outperform Rating from Analysts at BNP Paribas Exane

Key Points

• Analysts at BNP Paribas Exane initiated coverage on GlobalFoundries (NASDAQ:GFS) with an "outperform" rating and a price target of $45.00, indicating potential upside of 27.95% from previous close.
• The company's earnings report revealed an EPS of $0.42, exceeding analyst expectations, with revenues of $1.69 billion, marking a 3.4% increase compared to the same quarter last year.
• Seven investment analysts rated GlobalFoundries as a Buy, while the stock has a current average price target of $43.31, reflecting mixed opinions among analysts.

Stock analysts at BNP Paribas Exane initiated coverage on shares of GlobalFoundries (NASDAQ:GFS - Get Free Report) in a research note issued on Friday. The brokerage set an "outperform" rating and a $45.00 price target on the stock. BNP Paribas Exane's price target would indicate a potential upside of 27.95% from the company's previous close.

GFS has been the topic of a number of other reports. UBS Group dropped their price objective on shares of GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Arete Research set a $37.00 price objective on shares of GlobalFoundries in a research note on Wednesday, August 27th. Argus initiated coverage on shares of GlobalFoundries in a research note on Tuesday, July 1st. They set a "buy" rating and a $52.00 price objective on the stock. Bank of America downgraded shares of GlobalFoundries from a "neutral" rating to an "underperform" rating and set a $35.00 price objective on the stock. in a research note on Monday, October 13th. Finally, Citigroup increased their price objective on shares of GlobalFoundries from $35.00 to $42.00 and gave the company a "neutral" rating in a research note on Monday, July 7th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, GlobalFoundries currently has a consensus rating of "Hold" and a consensus price target of $43.31.

GlobalFoundries Stock Performance

Shares of NASDAQ:GFS opened at $35.17 on Friday. The company has a market capitalization of $19.45 billion, a price-to-earnings ratio of -167.47, a PEG ratio of 1.35 and a beta of 1.49. GlobalFoundries has a 12 month low of $29.77 and a 12 month high of $47.69. The firm's 50-day moving average is $33.91 and its 200 day moving average is $35.86. 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 (NASDAQ:GFS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.55%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. Research analysts predict that GlobalFoundries will post 1.31 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Invesco Ltd. increased its holdings in GlobalFoundries by 10.1% in the second quarter. Invesco Ltd. now owns 2,744,519 shares of the company's stock valued at $104,841,000 after buying an additional 252,772 shares in the last quarter. Pacer Advisors Inc. increased its holdings in GlobalFoundries by 8,540.7% in the first quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company's stock valued at $91,265,000 after buying an additional 2,444,018 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in GlobalFoundries in the first quarter valued at $40,493,000. AQR Capital Management LLC increased its holdings in GlobalFoundries by 852.9% in the second quarter. AQR Capital Management LLC now owns 972,454 shares of the company's stock valued at $37,148,000 after buying an additional 870,406 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in GlobalFoundries by 4.0% in the second quarter. Geode Capital Management LLC now owns 967,202 shares of the company's stock valued at $36,947,000 after buying an additional 37,026 shares in the last quarter.

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.

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