Top-Rated StocksTop-RatedNASDAQ:GFS GLOBALFOUNDRIES (GFS) Stock Forecast, Price & News $59.40 +0.20 (+0.34%) (As of 06/8/2023 ET) Add Compare Share Share Today's Range$58.68▼$59.8850-Day Range$53.72▼$72.1852-Week Range$36.81▼$72.50Volume730,615 shsAverage Volume1.52 million shsMarket Capitalization$32.54 billionP/E Ratio21.52Dividend YieldN/APrice Target$78.87 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media GLOBALFOUNDRIES MarketRank™ ForecastAnalyst RatingModerate Buy2.93 Rating ScoreUpside/Downside32.8% Upside$78.87 Price TargetShort InterestHealthy13.01% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.01Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth51.08%From $1.86 to $2.81 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.55 out of 5 starsComputer And Technology Sector108th out of 599 stocksSemiconductors & Related Devices Industry15th out of 87 stocks 3.5 Analyst's Opinion Consensus RatingGLOBALFOUNDRIES has received a consensus rating of Buy. The company's average rating score is 2.93, and is based on 13 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $78.87, GLOBALFOUNDRIES has a forecasted upside of 32.8% from its current price of $59.40.Amount of Analyst CoverageGLOBALFOUNDRIES has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted13.01% of the float of GLOBALFOUNDRIES has been sold short.Short Interest Ratio / Days to CoverGLOBALFOUNDRIES has a short interest ratio ("days to cover") of 7.5.Change versus previous monthShort interest in GLOBALFOUNDRIES has recently decreased by 11.70%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldGLOBALFOUNDRIES does not currently pay a dividend.Dividend GrowthGLOBALFOUNDRIES does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GFS. Previous Next 3.3 News and Social Media Coverage News SentimentGLOBALFOUNDRIES has a news sentiment score of 1.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for GLOBALFOUNDRIES this week, compared to 4 articles on an average week.Search InterestOnly 19 people have searched for GFS on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.MarketBeat Follows8 people have added GLOBALFOUNDRIES to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, GLOBALFOUNDRIES insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 16.08% of the stock of GLOBALFOUNDRIES is held by institutions. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for GLOBALFOUNDRIES are expected to grow by 51.08% in the coming year, from $1.86 to $2.81 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of GLOBALFOUNDRIES is 21.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.96.Price to Earnings Ratio vs. SectorThe P/E ratio of GLOBALFOUNDRIES is 21.52, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 324.98.Price to Earnings Growth RatioGLOBALFOUNDRIES has a PEG Ratio of 9.67. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGLOBALFOUNDRIES has a P/B Ratio of 3.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About GLOBALFOUNDRIES (NASDAQ:GFS) StockGLOBALFOUNDRIES 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.Read More Receive GFS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for GLOBALFOUNDRIES and its competitors with MarketBeat's FREE daily newsletter. Email Address GFS Stock News HeadlinesJune 5, 2023 | finanznachrichten.deSTMicroelectronics N.V.: GlobalFoundries and STMicroelectronics finalize agreement for new 300mm semiconductor manufacturing facility in FranceJune 5, 2023 | finance.yahoo.comGlobalFoundries and STMicroelectronics Finalize Agreement for New 300mm Semiconductor Manufacturing Facility in FranceJune 8, 2023 | Behind the Markets (Ad)Our #1 Laser Stock for MayThe Pentagon calls laser weapons "the future." This small cap just won a $1.65 billion contract to make them. See why this stock could soar 2,476% >>>June 5, 2023 | reuters.comFrance to provide 2.9 bln euros in aid for new STMicro/GlobalFoundries factoryMay 31, 2023 | americanbankingnews.comGLOBALFOUNDRIES Inc. (NASDAQ:GFS) Receives $78.87 Average PT from BrokeragesMay 30, 2023 | finance.yahoo.comU.S. Government Accredits GlobalFoundries to Manufacture Trusted Semiconductors at New York FacilityMay 27, 2023 | fool.comGlobalfoundries (NASDAQ: GFS)May 24, 2023 | seekingalpha.comGlobalFoundries To Underperform In H2 2023 Due To Macro HeadwindsJune 8, 2023 | Behind the Markets (Ad)Our #1 Laser Stock for MayThe Pentagon calls laser weapons "the future." This small cap just won a $1.65 billion contract to make them. See why this stock could soar 2,476% >>>May 24, 2023 | finance.yahoo.comGlobalFoundries Believes the Semiconductor Recovery Is Here, but There's a CatchMay 17, 2023 | markets.businessinsider.comArasan announces the immediate availability of its 2'nd Generation MIPI D-PHY for GlobalFoundries 22nm SoC DesignsMay 17, 2023 | finanznachrichten.deArasan Chip Systems, Inc.: Arasan announces the immediate availability of its 2'nd Generation MIPI D-PHY for GlobalFoundries 22nm SoC DesignsMay 15, 2023 | msn.comMicron leads chips higher as Citi reiterates favoritism once downturn endsMay 13, 2023 | americanbankingnews.comGLOBALFOUNDRIES (NASDAQ:GFS) PT Lowered to $72.00 at WedbushMay 12, 2023 | msn.comNeedham Maintains GlobalFoundries (GFS) Buy RecommendationMay 11, 2023 | msn.comWedbush Maintains GlobalFoundries (GFS) Outperform RecommendationMay 11, 2023 | msn.comGFS Down after Q1 ResultsMay 11, 2023 | markets.businessinsider.comNew Buy Rating for GlobalFoundries Inc (GFS), the Technology GiantMay 11, 2023 | markets.businessinsider.comRaymond James Reaffirms Their Buy Rating on GlobalFoundries Inc (GFS)May 11, 2023 | americanbankingnews.comGLOBALFOUNDRIES (NASDAQ:GFS) PT Lowered to $70.00 at TD CowenMay 10, 2023 | msn.comGLOBALFOUNDRIES Q1 2023 Earnings PreviewMay 10, 2023 | msn.comGlobalFoundries stock drops as revenue fallsMay 10, 2023 | msn.comChipmaker GlobalFoundries forecasts downbeat quarter, shares fallMay 10, 2023 | markets.businessinsider.comHSBC Sticks to Its Hold Rating for GlobalFoundries Inc (GFS)May 10, 2023 | msn.comGlobalFoundries sinks on CFO transition, Q1 EBITDA missMay 9, 2023 | finance.yahoo.comWhy Semiconductor Giant GlobalFoundries Stock Is Tumbling TodayMay 9, 2023 | finance.yahoo.comGlobalFoundries Inc. (GFS) Beats Q1 Earnings and Revenue EstimatesSee More Headlines GFS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GFS Company Calendar Last Earnings5/09/2023Today6/08/2023Next Earnings (Estimated)8/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors & related devices Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:GFS CUSIPN/A CIK1709048 Webwww.globalfoundries.com Phone518-305-9013FaxN/AEmployees14,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$78.87 High Stock Price Forecast$90.00 Low Stock Price Forecast$65.00 Forecasted Upside/Downside+33.2%Consensus RatingModerate Buy Rating Score (0-4)2.93 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$2.76 Trailing P/E Ratio21.45 Forward P/E Ratio31.83 P/E Growth9.67Net Income$1.45 billion Net Margins19.02% Pretax Margin20.00% Return on Equity17.03% Return on Assets9.38% Debt Debt-to-Equity Ratio0.22 Current Ratio1.94 Quick Ratio1.45 Sales & Book Value Annual Sales$8.11 billion Price / Sales4.00 Cash Flow$5.90 per share Price / Cash Flow10.03 Book Value$18.18 per share Price / Book3.26Miscellaneous Outstanding Shares547,760,000Free FloatN/AMarket Cap$32.43 billion OptionableNot Optionable Beta1.95 Key ExecutivesDr. Thomas H. Caulfield DES (Age 64)Ph.D., Pres, CEO & Director Mr. David W. Reeder (Age 48)CFO & Sr. VP of Fin. Mr. Thomas Weber (Age 54)Sr. VP of Global Operations Support and Supply Chain Mr. Will BillingsChief Accounting OfficerMr. Gregg Bartlett (Age 61)Chief Technology Officer Mr. Sukhi NageshVP of Investor RelationsMr. Saam Azar J.D. (Age 47)Sr. VP, Gen. Counsel & Sec. Ms. Laurie KellyChief Communications OfficerMs. Pradheepa RamanChief People OfficerMr. Kay Chai Ang (Age 64)Chief Manufacturing Officer More ExecutivesKey CompetitorsON SemiconductorNASDAQ:ONMonolithic Power SystemsNASDAQ:MPWRSTMicroelectronicsNYSE:STMUnited MicroelectronicsNYSE:UMCMicrochip TechnologyNASDAQ:MCHPView All CompetitorsInstitutional OwnershipProShare Advisors LLCBought 40,921 shares on 5/26/2023Ownership: 0.084%Toroso Investments LLCBought 1,725 shares on 5/23/2023Ownership: 0.003%Ameriprise Financial Inc.Sold 2,093,092 shares on 5/22/2023Ownership: 0.580%New York State Common Retirement FundSold 3,570 shares on 5/18/2023Ownership: 0.012%JPMorgan Chase & Co.Bought 800 shares on 5/18/2023Ownership: 0.000%View All Institutional Transactions GFS Stock - Frequently Asked Questions Should I buy or sell GLOBALFOUNDRIES stock right now? 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GLOBALFOUNDRIES in the last year. There are currently 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street equities 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? 14 analysts have issued 1 year target prices for GLOBALFOUNDRIES's shares. Their GFS share price forecasts range from $65.00 to $90.00. On average, they predict the company's stock price to reach $78.87 in the next year. This suggests a possible upside of 33.2% 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 2023? GLOBALFOUNDRIES's stock was trading at $53.89 at the beginning of the year. Since then, GFS stock has increased by 9.9% and is now trading at $59.20. View the best growth stocks for 2023 here. Are investors shorting GLOBALFOUNDRIES? GLOBALFOUNDRIES saw a drop in short interest in May. As of May 15th, there was short interest totaling 10,040,000 shares, a drop of 11.7% from the April 30th total of 11,370,000 shares. Based on an average daily trading volume, of 1,340,000 shares, the short-interest ratio is presently 7.5 days. Currently, 13.0% of the shares of the stock are sold short. View GLOBALFOUNDRIES's Short Interest. When is GLOBALFOUNDRIES's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023. View our GFS earnings forecast. How were GLOBALFOUNDRIES's earnings last quarter? GLOBALFOUNDRIES Inc. (NASDAQ:GFS) announced its earnings results on Tuesday, May, 9th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.05. The company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.83 billion. GLOBALFOUNDRIES had a net margin of 19.02% and a trailing twelve-month return on equity of 17.03%. What ETFs hold GLOBALFOUNDRIES's stock? ETFs with the largest weight of GLOBALFOUNDRIES (NASDAQ:GFS) stock in their portfolio include Subversive Metaverse ETF (PUNK), First Trust US Equity Opportunities ETF (FPX), Invesco PHLX Semiconductor ETF (SOXQ), First Trust NASDAQ 100 Technology Index Fund (QTEC), Fidelity Growth Opportunities ETF (FGRO), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), First Trust Technology AlphaDEX Fund (FXL) and Global X Internet of Things Thematic ETF (SNSR). What guidance has GLOBALFOUNDRIES issued on next quarter's earnings? GLOBALFOUNDRIES updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of $0.46-$0.54 for the period, compared to the consensus EPS estimate of $0.48. The company issued revenue guidance of $1.81 billion-$1.85 billion, compared to the consensus revenue estimate of $1.85 billion. When did GLOBALFOUNDRIES IPO? (GFS) raised $2.4 billion in an initial public offering on Thursday, October 28th 2021. The company issued 55,000,000 shares at a price of $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 a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (5.36%), Matrix Capital Management Company LP (3.26%), BlackRock Inc. (0.84%), Ameriprise Financial Inc. (0.58%), ArrowMark Colorado Holdings LLC (0.32%) and First Trust Advisors LP (0.27%). 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 $59.20. How much money does GLOBALFOUNDRIES make? GLOBALFOUNDRIES (NASDAQ:GFS) has a market capitalization of $32.43 billion and generates $8.11 billion in revenue each year. The company earns $1.45 billion in net income (profit) each year or $2.76 on an earnings per share basis. How many employees does GLOBALFOUNDRIES have? The company employs 14,000 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 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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