Top-Rated StocksTop-Rated GLOBALFOUNDRIES Stock Price, News & Analysis (NASDAQ:GFS) $52.50 -0.26 (-0.49%) (As of 12/8/2023 ET) Add Compare Share Share Today's Range$52.19▼$53.3350-Day Range$48.85▼$58.4252-Week Range$48.12▼$72.50Volume2.92 million shsAverage Volume1.48 million shsMarket Capitalization$28.76 billionP/E Ratio20.59Dividend YieldN/APrice Target$74.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media GLOBALFOUNDRIES MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.93 Rating ScoreUpside/Downside41.9% Upside$74.50 Price TargetShort InterestHealthy14.86% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.18Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth2.63%From $1.90 to $1.95 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.2.16 out of 5 starsComputer And Technology Sector270th out of 595 stocksSemiconductors Industry4th out of 11 stocks 3.5 Analyst's Opinion Consensus RatingGLOBALFOUNDRIES has received a consensus rating of Moderate Buy. The company's average rating score is 2.93, and is based on 14 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $74.50, GLOBALFOUNDRIES has a forecasted upside of 41.9% from its current price of $52.50.Amount of Analyst CoverageGLOBALFOUNDRIES has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted14.86% of the float of GLOBALFOUNDRIES has been sold short.Short Interest Ratio / Days to CoverGLOBALFOUNDRIES has a short interest ratio ("days to cover") of 8.8.Change versus previous monthShort interest in GLOBALFOUNDRIES has recently decreased by 10.18%, 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 2.3 News and Social Media Coverage News SentimentGLOBALFOUNDRIES has a news sentiment score of 1.18. 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 0.51 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for GLOBALFOUNDRIES this week, compared to 3 articles on an average week.Search InterestOnly 7 people have searched for GFS on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added GLOBALFOUNDRIES to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% 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 14.76% of the stock of GLOBALFOUNDRIES is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for GLOBALFOUNDRIES are expected to grow by 2.63% in the coming year, from $1.90 to $1.95 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of GLOBALFOUNDRIES is 20.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.61.Price to Earnings Ratio vs. SectorThe P/E ratio of GLOBALFOUNDRIES is 20.59, 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 254.00.Price to Earnings Growth RatioGLOBALFOUNDRIES has a PEG Ratio of 8.84. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGLOBALFOUNDRIES has a P/B Ratio of 2.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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.Read More GFS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GFS Stock News HeadlinesDecember 7, 2023 | bizjournals.comChewy names semiconductor executive as CFONovember 20, 2023 | finance.yahoo.comGLOBALFOUNDRIES Inc.'s (NASDAQ:GFS) Stock's On An Uptrend: Are Strong Financials Guiding The Market?December 8, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.November 20, 2023 | bizjournals.comGlobalFoundries' newest investment: Paying off student debtNovember 16, 2023 | msn.comThis Company Is Helping Pay Its Workers' Student LoansNovember 9, 2023 | msn.comGlobalFoundries'(NASDAQ:GFS) Q3 Earnings Beats ExpectationsNovember 8, 2023 | markets.businessinsider.comGlobalFoundries Holds Steady Despite Market Challenges, Analysts Project Recovery in Second Half 2024November 8, 2023 | finance.yahoo.comGLOBALFOUNDRIES Inc. (NASDAQ:GFS) Q3 2023 Earnings Call TranscriptDecember 8, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 8, 2023 | markets.businessinsider.comBuy Rating Maintained for GlobalFoundries Inc. Despite Near-Term Challenges and Revenue Estimate ReductionNovember 7, 2023 | msn.comWhy Are GlobalFoundries Shares Trading Higher Today?November 7, 2023 | au.investing.comGlobalFoundries rises after topping earnings expectationsNovember 7, 2023 | proactiveinvestors.comGlobalFoundries rallies on 3Q earnings win, upbeat 4Q guidanceNovember 7, 2023 | msn.comGlobalFoundries projects profit above estimates in positive sign for chip marketNovember 7, 2023 | finance.yahoo.comGlobalFoundries Stock Rises on Strong Earnings. Chip Inventories Are Improving.November 7, 2023 | seekingalpha.comGLOBALFOUNDRIES Inc. 2023 Q3 - Results - Earnings Call PresentationNovember 7, 2023 | finance.yahoo.comGlobalFoundries Reports Third Quarter 2023 Financial ResultsNovember 7, 2023 | finance.yahoo.comGlobalFoundries’ Earnings Beat Expectations. The Chip Maker’s Stock Is Rising.October 31, 2023 | finance.yahoo.comIs It Too Late To Consider Buying GLOBALFOUNDRIES Inc. (NASDAQ:GFS)?October 22, 2023 | msn.comGlobalFoundries: Robust Strategic Initiatives But Facing Challenging Semiconductor LandscapeOctober 18, 2023 | finanznachrichten.deGlobalFoundries Inc.: GlobalFoundries Awarded $35 Million Funding from U.S. Government to Accelerate Manufacturing of Next-Generation GaN ChipsOctober 18, 2023 | finance.yahoo.comGlobalFoundries Awarded $35 Million Funding from U.S. Government to Accelerate Manufacturing of Next-Generation GaN ChipsOctober 12, 2023 | finance.yahoo.comGlobalFoundries and U.S. Department of Defense Showcase Secure Chip Manufacturing at 2023 Trusted Foundry TrainingOctober 2, 2023 | finance.yahoo.comGlobalFoundries Announces Conference Call to Review Third Quarter 2023 Financial ResultsSeptember 29, 2023 | msn.comGlobalFoundries (NASDAQ:GFS) Planning Major Investment at German UnitSeptember 27, 2023 | finanznachrichten.deGlobalFoundries Inc.: GlobalFoundries and Microchip Announce Microchip's 28nm SuperFlash Embedded Flash Memory Solution in ProductionSeptember 27, 2023 | finance.yahoo.comGlobalFoundries Unveils Power-Efficient Advancements to 22FDX® Platform at Annual Tech SummitSee More Headlines 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 Company Calendar Last Earnings11/07/2023Today12/08/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/13/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors 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 Target$74.50 High Stock Price Target$90.00 Low Stock Price Target$64.00 Potential Upside/Downside+41.9%Consensus RatingModerate Buy Rating Score (0-4)2.93 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)$2.55 Trailing P/E Ratio20.59 Forward P/E Ratio27.63 P/E Growth8.84Net Income$1.45 billion Net Margins18.47% Pretax Margin19.13% Return on Equity14.78% Return on Assets8.64% Debt Debt-to-Equity Ratio0.23 Current Ratio2.11 Quick Ratio1.56 Sales & Book Value Annual Sales$7.64 billion Price / Sales3.76 Cash Flow$5.60 per share Price / Cash Flow9.37 Book Value$18.18 per share Price / Book2.89Miscellaneous Outstanding Shares547,755,000Free FloatN/AMarket Cap$28.76 billion OptionableNot Optionable Beta1.71 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesDr. Thomas H. Caulfield DES (Age 64)Ph.D., President, CEO & Director Mr. David W. Reeder (Age 48)Chief Financial Officer Mr. Will BillingsChief Accounting OfficerMr. Gregg Bartlett (Age 61)Chief Technology Officer Mr. Brad ClayChief Information OfficerMr. Sam FranklinVice President of Capital Markets & Investor RelationsMr. Saam Azar J.D. (Age 47)Senior VP, Chief Legal Officer & Secretary Ms. Laurie KellyChief Communications OfficerMs. Pradheepa Raman (Age 42)Chief People Officer Mr. Kay Chai Ang (Age 64)Chief Manufacturing Officer More ExecutivesKey CompetitorsMaxim Integrated ProductsNASDAQ:MXIMMonolithic Power SystemsNASDAQ:MPWRON SemiconductorNASDAQ:ONUnited MicroelectronicsNYSE:UMCASE TechnologyNYSE:ASXView All CompetitorsInstitutional OwnershipAmerican Century Companies Inc.Sold 18,567 shares on 11/30/2023Ownership: 0.125%Deutsche Bank AGBought 5,240 shares on 11/24/2023Ownership: 0.006%Walleye Capital LLCBought 22,400 shares on 11/21/2023Ownership: 0.000%Walleye Trading LLCSold 1,500 shares on 11/21/2023Ownership: 0.000%Public Employees Retirement System of OhioSold 3,445 shares on 11/16/2023Ownership: 0.006%View All Institutional Transactions 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 Tuesday, November 28, 2023 at 11:50 AM. Pros Here are some ways that investors could benefit from investing in GLOBALFOUNDRIES Inc.: GLOBALFOUNDRIES Inc. is a leading semiconductor foundry with a global presence. The company manufactures a range of semiconductor devices, including microprocessors, memory chips, and integrated circuits. GLOBALFOUNDRIES Inc. offers advanced technology nodes, allowing for the production of cutting-edge semiconductor products. The company has a strong customer base, including major technology companies, which provides stability and growth potential. Recent developments and innovations in the semiconductor industry have created opportunities for growth and increased demand for GLOBALFOUNDRIES Inc.'s services. Cons Investors should be bearish about investing in GLOBALFOUNDRIES Inc. for these reasons: There is inherent risk in the semiconductor industry, including market volatility and competition from other foundries. The company's financial performance is subject to fluctuations in demand for semiconductor products and changes in technology trends. GLOBALFOUNDRIES Inc. operates in a highly capital-intensive industry, requiring significant investments in research and development and manufacturing facilities. The company's success is dependent on its ability to attract and retain skilled engineers and technical talent. Investors should carefully consider the current stock price and market conditions before making investment decisions. GFS Stock Analysis - Frequently Asked Questions Should I buy or sell GLOBALFOUNDRIES stock right now? 15 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 14 buy ratings for the stock. The consensus among Wall Street equities research 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? 15 analysts have issued 12 month price targets for GLOBALFOUNDRIES's shares. Their GFS share price targets range from $64.00 to $90.00. On average, they anticipate the company's share price to reach $74.50 in the next year. This suggests a possible upside of 41.9% 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 2023. Since then, GFS shares have decreased by 2.6% and is now trading at $52.50. View the best growth stocks for 2023 here. Are investors shorting GLOBALFOUNDRIES? GLOBALFOUNDRIES saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 11,740,000 shares, a decrease of 10.2% from the October 31st total of 13,070,000 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is presently 8.8 days. Approximately 14.9% of the shares of the company 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, February 13th 2024. View our GFS earnings forecast. How were GLOBALFOUNDRIES's earnings last quarter? GLOBALFOUNDRIES Inc. (NASDAQ:GFS) posted its earnings results on Tuesday, November, 7th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.42 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.85 billion. GLOBALFOUNDRIES had a trailing twelve-month return on equity of 14.78% and a net margin of 18.47%. What ETFs hold GLOBALFOUNDRIES's stock? ETFs with the largest weight of GLOBALFOUNDRIES (NASDAQ:GFS) stock in their portfolio include Innovator Deepwater Frontier Tech ETF (LOUP), Invesco PHLX Semiconductor ETF (SOXQ), First Trust NASDAQ 100 Technology Index Fund (QTEC), First Trust US Equity Opportunities ETF (FPX), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Global X Internet of Things Thematic ETF (SNSR), Renaissance IPO ETF (IPO) and AAM Transformers ETF (TRFM). What guidance has GLOBALFOUNDRIES issued on next quarter's earnings? GLOBALFOUNDRIES issued an update on its fourth quarter earnings guidance on Tuesday, November, 7th. The company provided EPS guidance of $0.53-0.64 for the period, compared to the consensus estimate of $0.53. The company issued revenue guidance of $1.825-1.875 billion, compared to the consensus revenue estimate of $1.89 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 a price of $42.00-$47.00 per share. Who are GLOBALFOUNDRIES's major shareholders? GLOBALFOUNDRIES's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (6.43%), Ameriprise Financial Inc. (0.58%), Invesco Ltd. (0.24%), Mirae Asset Global Investments Co. Ltd. (0.18%), Morgan Stanley (0.17%) and American Century Companies Inc. (0.13%). 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. This page (NASDAQ:GFS) was last updated on 12/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding GLOBALFOUNDRIES Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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