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NVDA   475.06 (+1.95%)
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AMD   128.92 (+0.43%)
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GE   120.59 (+0.93%)
DIS   92.82 (+0.84%)
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PFE   28.78 (+0.52%)
PYPL   58.94 (+0.79%)
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MSFT   374.23 (+0.88%)
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AMZN   147.42 (+0.37%)
TSLA   243.84 (+0.49%)
NVDA   475.06 (+1.95%)
NIO   7.39 (-1.34%)
BABA   72.16 (-0.24%)
AMD   128.92 (+0.43%)
T   16.92 (-0.99%)
F   11.01 (+1.76%)
MU   74.96 (+1.78%)
CGC   0.80 (+11.11%)
GE   120.59 (+0.93%)
DIS   92.82 (+0.84%)
AMC   6.93 (+1.61%)
PFE   28.78 (+0.52%)
PYPL   58.94 (+0.79%)
XOM   99.55 (+1.15%)

GLOBALFOUNDRIES Stock Price, News & Analysis (NASDAQ:GFS)

$52.50
-0.26 (-0.49%)
(As of 12/8/2023 ET)
Compare
Today's Range
$52.19
$53.33
50-Day Range
$48.85
$58.42
52-Week Range
$48.12
$72.50
Volume
2.92 million shs
Average Volume
1.48 million shs
Market Capitalization
$28.76 billion
P/E Ratio
20.59
Dividend Yield
N/A
Price Target
$74.50

GLOBALFOUNDRIES MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
41.9% Upside
$74.50 Price Target
Short Interest
Healthy
14.86% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.18mentions of GLOBALFOUNDRIES in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.63%
From $1.90 to $1.95 Per Share

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 stars

Computer And Technology Sector

270th out of 595 stocks

Semiconductors Industry

4th out of 11 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

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GlobalFoundries rallies on 3Q earnings win, upbeat 4Q guidance
See More Headlines
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Company Calendar

Last Earnings
11/07/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/13/2024

Industry, Sector and Symbol

Industry
Semiconductors
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
$74.50
High Stock Price Target
$90.00
Low Stock Price Target
$64.00
Potential Upside/Downside
+41.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
15 Analysts

Profitability

Net Income
$1.45 billion
Pretax Margin
19.13%

Debt

Sales & Book Value

Annual Sales
$7.64 billion
Cash Flow
$5.60 per share
Book Value
$18.18 per share

Miscellaneous

Free Float
N/A
Market Cap
$28.76 billion
Optionable
Not Optionable
Beta
1.71
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Key Executives

  • Dr. Thomas H. Caulfield DES (Age 64)
    Ph.D., President, CEO & Director
  • Mr. David W. Reeder (Age 48)
    Chief Financial Officer
  • Mr. Will Billings
    Chief Accounting Officer
  • Mr. Gregg Bartlett (Age 61)
    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 47)
    Senior VP, Chief Legal Officer & Secretary
  • Ms. Laurie Kelly
    Chief Communications Officer
  • Ms. Pradheepa Raman (Age 42)
    Chief People Officer
  • Mr. Kay Chai Ang (Age 64)
    Chief Manufacturing 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 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 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

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