GlobalFoundries (NASDAQ:GFS) Sets New 12-Month High After Analyst Upgrade

Key Points

• GlobalFoundries hit a new 52-week high after JPMorgan raised its price target from $45 to $70 while keeping a neutral rating, and several firms (Needham, Cantor Fitzgerald, Citigroup, etc.) lifted targets or upgraded coverage; despite the momentum, the MarketBeat consensus remains a Hold with a $66.06 target.
• GF reported a Q1 EPS beat of $0.40 vs. $0.35 consensus with revenue roughly in line at $1.63B and launched the SCALE co‑packaged optics for AI data centers, supporting longer‑term upside; however, Q2 guidance of $0.25–$0.35 is below the ~ $0.39 consensus, creating near‑term uncertainty.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $45.00 to $70.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. GlobalFoundries traded as high as $75.53 and last traded at $72.30, with a volume of 8069910 shares traded. The stock had previously closed at $74.04.

A number of other brokerages have also issued reports on GFS. Zacks Research raised GlobalFoundries from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. Citigroup lifted their target price on GlobalFoundries from $49.00 to $70.00 and gave the company a "neutral" rating in a research report on Wednesday. Jefferies Financial Group reiterated a "hold" rating and issued a $65.00 target price on shares of GlobalFoundries in a report on Wednesday. Needham & Company LLC increased their price target on GlobalFoundries from $55.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Cantor Fitzgerald upgraded GlobalFoundries from a "neutral" rating to an "overweight" rating and raised their price target for the company from $50.00 to $80.00 in a research note on Monday. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $66.06.

Insider Activity

In other GlobalFoundries news, insider Samak L. Azar sold 500 shares of GlobalFoundries stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $63.00, for a total value of $31,500.00. Following the transaction, the insider directly owned 16,494 shares of the company's stock, valued at approximately $1,039,122. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,300 shares of GlobalFoundries stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $60.69, for a total transaction of $139,587.00. Following the sale, the insider owned 16,045 shares of the company's stock, valued at $973,771.05. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 15,200 shares of company stock worth $801,067.

Key GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Q1 beat: GlobalFoundries reported $0.40 EPS vs. ~$0.35 consensus and revenue roughly in line, highlighting margin improvement and a modest YoY revenue gain — a clear near‑term fundamental beat. Earnings release / transcript
• Positive Sentiment: Product news: GF launched its SCALE optical module / co‑packaged optics offering targeting AI data centers, which expands TAM exposure to high-growth AI infrastructure and supports longer‑term revenue upside. SCALE optical module release
• Positive Sentiment: Analyst upgrades and target raises: Multiple firms (Susquehanna to $100/positive; Needham to $80/buy; Cantor Fitzgerald upgrade) raised ratings/targets after results and product announcements — these lifts support further upside expectations. Broker upgrades coverage
• Positive Sentiment: Options flow: Unusually large call buying was recorded (≈14.5k calls), indicating some traders positioned for additional upside. (No article link provided in the feed.)
• Neutral Sentiment: Earnings call/transcript posted — useful for parsing management commentary on demand, pricing, and capacity allocation but no new surprises cited in headlines. Earnings call transcript
• Neutral Sentiment: Insider selling: Small, pre‑arranged sale (500 shares) by an insider; routine and unlikely to alter fundamentals. SEC Form 4 — insider sale
• Negative Sentiment: Q2 EPS guide is cautious: GF set Q2 EPS guidance of $0.25–$0.35, below the ~$0.39 consensus, creating near‑term uncertainty despite management’s upbeat comments about data center demand. Q1 results & guidance
• Negative Sentiment: Mixed analyst signals: Some firms reaffirm conservative/neutral views with low targets (Wedbush $50; JPMorgan raised target to $70 but kept a neutral rating) — these notes could cap near‑term upside and encourage profit‑taking. Analyst target/ratings coverage

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GFS. Invesco Ltd. boosted its position in GlobalFoundries by 7.9% in the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company's stock worth $106,172,000 after purchasing an additional 217,866 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of GlobalFoundries by 9.9% during 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 in the last quarter. Bessemer Group Inc. increased its holdings 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. First Trust Advisors LP lifted its stake in shares of GlobalFoundries by 15.2% in the 3rd quarter. First Trust Advisors LP now owns 2,659,454 shares of the company's stock valued at $95,315,000 after purchasing an additional 350,743 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of GlobalFoundries by 126.0% in 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 during the period.

GlobalFoundries Price Performance

The stock has a market capitalization of $40.23 billion, a PE ratio of 52.01, a P/E/G ratio of 2.92 and a beta of 1.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.62 and a quick ratio of 1.95. The stock's fifty day moving average is $49.79 and its 200-day moving average is $42.63.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, equities analysts predict that GlobalFoundries Inc. will post 1.37 earnings per share for the current fiscal year.

About GlobalFoundries

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.