GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $32.84, but opened at $36.61. GlobalFoundries shares last traded at $34.58, with a volume of 2,154,097 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Arete Research set a $37.00 price target on shares of GlobalFoundries in a report on Wednesday, August 27th. Argus initiated coverage on shares of GlobalFoundries in a report on Tuesday, July 1st. They set a "buy" rating and a $52.00 price objective on the stock. Arete upgraded shares of GlobalFoundries from a "sell" rating to a "neutral" rating and set a $37.00 price objective on the stock in a report on Wednesday, August 27th. The Goldman Sachs Group began coverage on shares of GlobalFoundries in a report on Thursday, July 10th. They issued a "neutral" rating and a $40.00 target price on the stock. Finally, Wall Street Zen upgraded shares of GlobalFoundries from a "hold" rating to a "buy" rating in a report on Monday, September 15th. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $43.79.
Get Our Latest Report on GFS
GlobalFoundries Stock Up 4.9%
The stock's 50-day moving average price is $34.49 and its two-hundred day moving average price is $36.12. The stock has a market capitalization of $19.05 billion, a P/E ratio of -163.76, a P/E/G ratio of 1.08 and a beta of 1.48. 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 released its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.55%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the firm earned $0.38 EPS. The company's revenue was up 3.4% compared to the same quarter last year. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. As a group, research analysts expect that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in GlobalFoundries by 10.1% in the 2nd quarter. Invesco Ltd. now owns 2,744,519 shares of the company's stock worth $104,841,000 after buying an additional 252,772 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of GlobalFoundries by 8,540.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company's stock worth $91,265,000 after acquiring an additional 2,444,018 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of GlobalFoundries during the 1st quarter worth $40,493,000. AQR Capital Management LLC raised its position in GlobalFoundries by 852.9% in the 2nd quarter. AQR Capital Management LLC now owns 972,454 shares of the company's stock worth $37,148,000 after purchasing an additional 870,406 shares during the period. Finally, Geode Capital Management LLC raised its position in GlobalFoundries by 4.0% in the 2nd quarter. Geode Capital Management LLC now owns 967,202 shares of the company's stock worth $36,947,000 after purchasing an additional 37,026 shares during the period.
GlobalFoundries Company Profile
(
Get Free Report)
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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