GlobalFoundries (NASDAQ:GFS) Upgraded by Susquehanna to "Positive" Rating

GlobalFoundries (NASDAQ:GFS - Get Free Report) was upgraded by stock analysts at Susquehanna from a "neutral" rating to a "positive" rating in a report issued on Wednesday, Marketbeat reports. The firm currently has a $100.00 price objective on the stock, up from their previous price objective of $50.00. Susquehanna's target price points to a potential upside of 35.06% from the company's current price.

A number of other brokerages have also issued reports on GFS. Morgan Stanley set a $43.00 price target on GlobalFoundries in a research report on Monday, February 9th. Needham & Company LLC upped their price objective on GlobalFoundries from $55.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday. Weiss Ratings upgraded GlobalFoundries from a "sell (d)" rating to a "hold (c)" rating in a report on Monday, March 2nd. Wedbush restated a "neutral" rating and issued a $50.00 price objective on shares of GlobalFoundries in a report on Monday. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $70.00 price objective on shares of GlobalFoundries in a report on Tuesday. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $55.94.

GlobalFoundries Trading Up 9.3%

Shares of GFS stock opened at $74.04 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.62. GlobalFoundries has a 1 year low of $31.51 and a 1 year high of $74.39. The stock has a fifty day moving average of $49.26 and a two-hundred day moving average of $42.36. The firm has a market capitalization of $41.20 billion, a PE ratio of 46.57, a price-to-earnings-growth ratio of 2.67 and a beta of 1.71.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.05. GlobalFoundries had a return on equity of 6.86% and a net margin of 13.05%.The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm's quarterly revenue was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, research analysts expect that GlobalFoundries will post 1.37 EPS for the current year.

Insider Activity

In other news, insider Michael James Hogan sold 2,300 shares of the company's stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $60.69, for a total value of $139,587.00. Following the completion of the sale, the insider owned 16,045 shares in the company, valued at $973,771.05. This represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the company's stock in a transaction on Monday, April 20th. The shares were sold at an average price of $58.46, for a total value of $233,840.00. Following the completion of the sale, the director owned 18,867 shares of the company's stock, valued at approximately $1,102,964.82. This trade 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 sold a total of 15,200 shares of company stock worth $801,067 over the last 90 days.

Institutional Investors Weigh In On GlobalFoundries

Hedge funds have recently modified their holdings of the stock. WealthCollab LLC lifted its holdings in shares of GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company's stock valued at $25,000 after purchasing an additional 614 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of GlobalFoundries by 216.7% during the fourth quarter. True Wealth Design LLC now owns 795 shares of the company's stock valued at $28,000 after purchasing an additional 544 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in shares of GlobalFoundries by 91.9% during the third 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 last quarter. First Horizon Corp purchased a new stake in shares of GlobalFoundries during the third quarter valued at $33,000. Finally, Covestor Ltd lifted its holdings in shares of GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company's stock valued at $33,000 after purchasing an additional 349 shares during the last quarter.

Key GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Q1 results beat consensus (EPS $0.40 vs. $0.35) and management framed customer demand in data centers as accelerating — a combination that underpins the rally. Read More.
• Positive Sentiment: Management flagged upbeat Q2 revenue expectations tied to accelerating data‑center deployments, which markets interpreted as constructive for demand visibility. Read More.
• Positive Sentiment: GLOBALFOUNDRIES launched its SCALE optical module for co‑packaged optics aimed at AI/data‑center customers — a product development that expands TAM exposure to high‑growth AI infrastructure. Read More.
• Positive Sentiment: Cantor Fitzgerald upgraded GFS ahead of investor day and earnings, and Needham raised its price target to $80 (buy), adding analyst momentum to the upside. Read More. Read More.
• Positive Sentiment: Unusually large call‑option activity (large net call purchases) suggests speculative/hedged bullish positioning by some investors. Read More.
• Neutral Sentiment: Some analyst coverage remains mixed (consensus view still ~“Hold”) and several small insider sells were disclosed under pre‑arranged plans — routine but noted by traders. Read More.
• Negative Sentiment: Despite upbeat revenue commentary, the company set Q2 EPS guidance (0.25–0.35) below the Street’s prior consensus (~0.39), which introduces near‑term earnings risk and will keep some investors cautious. Read More.
• Negative Sentiment: Wedbush and some other outlets maintain conservative targets/ratings (e.g., $50 PT from Wedbush), highlighting valuation and execution risks that could cap upside. Read More.

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.

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