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NVDA   173.06 (+0.80%)
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MU   55.37 (+0.31%)
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F   13.22 (+0.76%)
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NASDAQ:GFS

GLOBALFOUNDRIES - GFS Stock Forecast, Price & News

$63.93
+1.51 (+2.42%)
(As of 12/9/2022 02:58 PM ET)
Add
Compare
Today's Range
$61.87
$64.52
50-Day Range
$48.04
$67.61
52-Week Range
$36.81
$79.49
Volume
29,473 shs
Average Volume
1.75 million shs
Market Capitalization
$34.00 billion
P/E Ratio
42.62
Dividend Yield
N/A
Price Target
$72.85

GLOBALFOUNDRIES MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
14.0% Upside
$72.85 Price Target
Short Interest
Healthy
17.96% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.30mentions of GLOBALFOUNDRIES in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-26.02%
From $2.69 to $1.99 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.99 out of 5 stars

Computer And Technology Sector

420th out of 621 stocks

Semiconductors & Related Devices Industry

56th out of 91 stocks

GFS stock logo

About GLOBALFOUNDRIES (NASDAQ:GFS) Stock

GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. It manufactures integrated circuits, which enable various electronic devices that are pervasive. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, power management units, and microelectromechanical systems, as well as offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York.

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GFS Stock News Headlines

Can GlobalFoundries Be the U.S. Version of Taiwan Semi ? (GFS)
Contract semiconductor manufacturer GlobalFoundries (NYSE: GFS) is the fourth largest producer of computer chips producing 7% of the world’s supply.
Intel is a Sleeping Giant Ready to Awaken (GFS)
U.S. semiconductor producer Intel (NASDAQ: INTC) stock is trading at price levels not seen since 2016. While shares rallied after a strong earnings report,
MarketBeat: Week in Review 11/7 – 11/11 (GFS)
The midterms, a new CPI report, and a crypto crash are moving the market and the MarketBeat team continues to help you profit from these events
GlobalFoundries Pops Nearly 9% On Better-Than-Expected Q3 Results
GlobalFoundries is bucking the chip industry downtrend with a gain of 10.90% in the past month. Shares jumped nearly 9% Tuesday on strong Q3 results.
GFS vs. AMBA: Which Stock Is the Better Value Option?
GlobalFoundries Appoints New Head of Global Supply Chain
GFS vs. AMBA: Which Stock Should Value Investors Buy Now?
GFS Crosses Above Key Moving Average Level
See More Headlines
Receive GFS Stock News and Ratings via Email

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GFS Company Calendar

Last Earnings
11/08/2022
Today
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/14/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:GFS
Fax
N/A
Employees
14,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$72.85
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+14.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$-250,310,000.00
Pretax Margin
11.76%

Debt

Sales & Book Value

Annual Sales
$6.59 billion
Cash Flow
$2.63 per share
Book Value
$15.10 per share

Miscellaneous

Free Float
N/A
Market Cap
$34.00 billion
Optionable
Not Optionable
Beta
2.10

Key Executives

  • Dr. Thomas H. Caulfield DES (Age 63)
    Ph.D., Pres, CEO & Director
  • Mr. David W. Reeder (Age 47)
    CFO & Sr. VP of Fin.
  • Mr. Thomas Weber (Age 53)
    Sr. VP of Global Operations Support and Supply Chain
  • Mr. Will Billings
    Chief Accounting Officer
  • Mr. Gregg Bartlett (Age 60)
    Chief Technology Officer
  • Mr. Sukhi Nagesh
    VP of Investor Relations
  • Mr. Saam Azar J.D. (Age 46)
    Sr. VP, Gen. Counsel & Sec.
  • Ms. Laurie Kelly
    Chief Communications Officer
  • Ms. Pradheepa Raman
    Chief People Officer
  • Mr. Kay Chai Ang (Age 63)
    Chief Manufacturing Officer













GFS Stock - Frequently Asked Questions

Should I buy or sell GLOBALFOUNDRIES stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GLOBALFOUNDRIES in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GFS shares.
View GFS analyst ratings
or view top-rated stocks.

What is GLOBALFOUNDRIES's stock price forecast for 2023?

6 brokers have issued 1 year price objectives for GLOBALFOUNDRIES's stock. Their GFS share price forecasts range from $55.00 to $80.00. On average, they expect the company's share price to reach $72.85 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price.
View analysts price targets for GFS
or view top-rated stocks among Wall Street analysts.

How have GFS shares performed in 2022?

GLOBALFOUNDRIES's stock was trading at $64.97 at the start of the year. Since then, GFS stock has decreased by 1.0% and is now trading at $64.31.
View the best growth stocks for 2022 here
.

When is GLOBALFOUNDRIES's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our GFS earnings forecast
.

How were GLOBALFOUNDRIES's earnings last quarter?

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) posted its quarterly earnings results on Tuesday, November, 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.07. The business earned $2.07 billion during the quarter, compared to the consensus estimate of $2.05 billion. GLOBALFOUNDRIES had a trailing twelve-month return on equity of 9.65% and a net margin of 10.48%.

What guidance has GLOBALFOUNDRIES issued on next quarter's earnings?

GLOBALFOUNDRIES issued an update on its fourth quarter 2022 earnings guidance on Thursday, December, 8th. The company provided earnings per share guidance of $1.24-$1.44 for the period, compared to the consensus earnings per share estimate of $1.01. The company issued revenue guidance of $2.05 billion-$2.10 billion, compared to the consensus revenue estimate of $2.09 billion.

When did GLOBALFOUNDRIES IPO?

(GFS) raised $2.4 billion in an initial public offering (IPO) on Thursday, October 28th 2021. The company issued 55,000,000 shares at $42.00-$47.00 per share.

What is GLOBALFOUNDRIES's stock symbol?

GLOBALFOUNDRIES trades on the NASDAQ under the ticker symbol "GFS."

Who are GLOBALFOUNDRIES's major shareholders?

GLOBALFOUNDRIES's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (1.03%), Marshall Wace LLP (0.37%), Canada Pension Plan Investment Board (0.23%), State Street Corp (0.12%), Qualcomm Inc. DE (0.09%) and Citadel Advisors LLC (0.00%).

How do I buy shares of GLOBALFOUNDRIES?

Shares of GFS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is GLOBALFOUNDRIES's stock price today?

One share of GFS stock can currently be purchased for approximately $64.31.

How much money does GLOBALFOUNDRIES make?

GLOBALFOUNDRIES (NASDAQ:GFS) has a market capitalization of $34.20 billion and generates $6.59 billion in revenue each year. The company earns $-250,310,000.00 in net income (profit) each year or $1.50 on an earnings per share basis.

How many employees does GLOBALFOUNDRIES have?

The company employs 14,600 workers across the globe.

How can I contact GLOBALFOUNDRIES?

GLOBALFOUNDRIES's mailing address is 400 STONEBREAK ROAD EXTENSION, MALTA NY, 12020. The official website for the company is www.globalfoundries.com. The company can be reached via phone at 518-305-9013 or via email at ir@gf.com.

This page (NASDAQ:GFS) was last updated on 12/9/2022 by MarketBeat.com Staff