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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
The REAL Reason Americans Keep Falling Behind (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
The REAL Reason Americans Keep Falling Behind (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
Critical asset just had biggest fall on record (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
The REAL Reason Americans Keep Falling Behind (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
The REAL Reason Americans Keep Falling Behind (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
Critical asset just had biggest fall on record (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
The REAL Reason Americans Keep Falling Behind (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
The REAL Reason Americans Keep Falling Behind (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
Critical asset just had biggest fall on record (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
NASDAQ:GFS

GLOBALFOUNDRIES (GFS) Stock Price, News & Analysis

$53.15
-0.96 (-1.77%)
(As of 02/23/2024 08:53 PM ET)
Today's Range
$52.99
$54.33
50-Day Range
$51.57
$62.24
52-Week Range
$48.12
$72.37
Volume
1.05 million shs
Average Volume
1.79 million shs
Market Capitalization
$29.11 billion
P/E Ratio
28.89
Dividend Yield
N/A
Price Target
$65.92

GLOBALFOUNDRIES MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
24.0% Upside
$65.92 Price Target
Short Interest
Bearish
13.91% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.79mentions of GLOBALFOUNDRIES in the last 14 days
Based on 29 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
110.00%
From $1.00 to $2.10 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.45 out of 5 stars

Computer And Technology Sector

239th out of 582 stocks

Semiconductors & Related Devices Industry

35th out of 87 stocks


GFS stock logo

About GLOBALFOUNDRIES Stock (NASDAQ:GFS)

GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units; and offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York.

GFS Stock Price History

GFS Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
GlobalFoundries' CHIPS Act grant is a 'great first step'
Semiconductor industry hails GlobalFoundries' $1.5bn CHIPS funding
GFS Mar 2024 40.000 put
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Today
2/25/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:GFS
Fax
N/A
Employees
14,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$65.92
High Stock Price Target
$80.00
Low Stock Price Target
$55.00
Potential Upside/Downside
+24.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$1.02 billion
Pretax Margin
14.66%

Debt

Sales & Book Value

Annual Sales
$7.39 billion
Cash Flow
$4.63 per share
Book Value
$20.36 per share

Miscellaneous

Free Float
N/A
Market Cap
$29.11 billion
Optionable
Not Optionable
Beta
1.71
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Key Executives

  • Dr. Thomas H. Caulfield DES (Age 65)
    Ph.D., President, CEO & Director
  • Mr. John C. Hollister CPA (Age 54)
    Chief Financial Officer
  • Mr. Timothy Graham Breen (Age 46)
    Chief Operating Officer & Director
  • Mr. Will Billings
    Chief Accounting Officer
  • Mr. Gregg Bartlett (Age 62)
    Chief Technology Officer
  • Mr. Brad Clay
    Chief Information Officer
  • Mr. Sam Franklin
    Vice President of Capital Markets & Investor Relations
  • Mr. Saam Azar J.D. (Age 48)
    Senior VP, Chief Legal Officer & Secretary
  • Ms. Laurie Kelly
    Chief Communications Officer
  • Ms. Pradheepa Raman (Age 43)
    Chief People Officer

Should I Buy GLOBALFOUNDRIES Stock? GFS Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of GLOBALFOUNDRIES was last updated on Sunday, February 25, 2024 at 4:13 PM.

Pros

Here are some ways that investors could benefit from investing in GLOBALFOUNDRIES Inc.:

  • GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide, manufacturing a range of semiconductor devices, including microprocessors, memory chips, and power management units.
  • The company offers mainstream wafer fabrication services and technologies, catering to a wide range of semiconductor needs in the market.
  • GLOBALFOUNDRIES Inc. has a strong presence in the semiconductor industry, providing essential components for various electronic devices and technologies.
  • The company's focus on innovation and technological advancements ensures that it stays competitive in the rapidly evolving semiconductor market.
  • Recent developments in the company's product offerings and partnerships indicate potential growth opportunities for investors.

Cons

Investors should be bearish about investing in GLOBALFOUNDRIES Inc. for these reasons:

  • G4S plc, a security services provider, is not directly related to GLOBALFOUNDRIES Inc., potentially causing confusion for investors looking for semiconductor investments.
  • The company's operations and financial performance may be impacted by external factors such as global economic conditions and industry competition.
  • Investing in semiconductor companies like GLOBALFOUNDRIES Inc. carries inherent risks due to the cyclical nature of the industry and technological disruptions.
  • Fluctuations in demand for semiconductor products and changes in market trends could affect the company's revenue and profitability.
  • While the company has a strong market presence, investors should carefully assess the risks and opportunities associated with investing in the semiconductor sector.














GFS Stock Analysis - Frequently Asked Questions

Should I buy or sell GLOBALFOUNDRIES stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GLOBALFOUNDRIES in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GFS shares.
View GFS analyst ratings
or view top-rated stocks.

What is GLOBALFOUNDRIES's stock price target for 2024?

11 brokerages have issued twelve-month price targets for GLOBALFOUNDRIES's shares. Their GFS share price targets range from $55.00 to $80.00. On average, they expect the company's share price to reach $65.92 in the next twelve months. This suggests a possible upside of 24.0% 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 2024?

GLOBALFOUNDRIES's stock was trading at $60.60 at the beginning of the year. Since then, GFS shares have decreased by 12.3% and is now trading at $53.15.
View the best growth stocks for 2024 here
.

When is GLOBALFOUNDRIES's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our GFS earnings forecast
.

How were GLOBALFOUNDRIES's earnings last quarter?

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) issued its quarterly earnings results on Tuesday, February, 13th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. The business earned $1.85 billion during the quarter, compared to analysts' expectations of $1.85 billion. GLOBALFOUNDRIES had a trailing twelve-month return on equity of 10.16% and a net margin of 13.80%. The company's revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 EPS.

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

GLOBALFOUNDRIES issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS guidance of 0.180-0.280 for the period, compared to the consensus estimate of 0.460. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.8 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 $42.00-$47.00 per share.

Who are GLOBALFOUNDRIES's major shareholders?

GLOBALFOUNDRIES's stock is owned by many different institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (0.41%), Kodai Capital Management LP (0.20%), Mirae Asset Global Investments Co. Ltd. (0.18%), International Assets Investment Management LLC (0.10%), Barclays PLC (0.09%) and Dimensional Fund Advisors LP (0.09%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:GFS) was last updated on 2/26/2024 by MarketBeat.com Staff