GlobalFoundries (NASDAQ:GFS) Shares Gap Up - Time to Buy?

Key Points

• Shares gapped up Monday, opening at $68.84 (previous close $64.91) and last trading around $68.19 on ~1.07M shares, with the 50‑day and 200‑day moving averages at $48.71 and $42.09 respectively, and a market cap of about $37.6B.
• Despite recent price gains and several price‑target upgrades (e.g., Cantor Fitzgerald to $80), the Street consensus is a "Hold" with an average analyst target of $50.12 (seven Buy, twelve Hold, one Sell), indicating a disconnect between current price and average targets.
• Fundamentals showed an upside: Q4 EPS of $0.55 beat estimates of $0.47 and revenue was $1.83B vs. $1.80B expected, with Q1 FY2026 guidance of $0.30–$0.40, while insiders have sold ~14,700 shares (~$770k) over the past 90 days under 10b5‑1 plans.

GlobalFoundries Inc. (NASDAQ:GFS - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $64.91, but opened at $68.84. GlobalFoundries shares last traded at $68.1890, with a volume of 1,070,698 shares.

Analyst Ratings Changes

A number of brokerages recently commented on GFS. Robert W. Baird increased their price target on GlobalFoundries from $40.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 12th. Citigroup upped their price objective on GlobalFoundries from $42.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, February 12th. Cantor Fitzgerald upgraded GlobalFoundries from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $50.00 to $80.00 in a research note on Monday. TD Cowen reissued a "buy" rating on shares of GlobalFoundries in a report on Thursday, February 12th. Finally, UBS Group set a $50.00 price target on shares of GlobalFoundries in a research report on Thursday, February 12th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $50.12.

GlobalFoundries Price Performance

The stock has a market cap of $37.58 billion, a P/E ratio of 42.47, a price-to-earnings-growth ratio of 2.56 and a beta of 1.71. The company has a quick ratio of 1.95, a current ratio of 2.62 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $48.71 and its two-hundred day simple moving average is $42.09.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.08. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.80 billion. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. Sell-side analysts expect that GlobalFoundries Inc. will post 1.37 EPS for the current year.

Insiders Place Their Bets

In related news, insider Michael James Hogan sold 2,300 shares of the business's 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 directly owned 16,045 shares in the company, valued at approximately $973,771.05. The trade was a 12.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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, April 20th. The stock was sold at an average price of $58.46, for a total value of $233,840.00. Following the completion of the transaction, the director owned 18,867 shares of the company's stock, valued at approximately $1,102,964.82. This represents a 17.49% 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. Insiders have sold a total of 14,700 shares of company stock worth $769,567 over the last 90 days.

Institutional Investors Weigh In On GlobalFoundries

A number of institutional investors and hedge funds have recently modified their holdings of GFS. WealthCollab LLC grew its stake in GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company's stock valued at $25,000 after acquiring an additional 614 shares in the last quarter. True Wealth Design LLC lifted its stake in GlobalFoundries by 216.7% in the 4th quarter. True Wealth Design LLC now owns 795 shares of the company's stock worth $28,000 after purchasing an additional 544 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in GlobalFoundries by 91.9% in the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company's stock valued at $29,000 after purchasing an additional 387 shares during the period. First Horizon Corp bought a new position in GlobalFoundries in the 3rd quarter valued at $33,000. Finally, Covestor Ltd grew its position in shares of GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company's stock valued at $33,000 after purchasing an additional 349 shares in the last quarter.

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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