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NASDAQ:GFS

GLOBALFOUNDRIES (GFS) Stock Price, News & Analysis

$54.84
+0.84 (+1.56%)
(As of 05/21/2024 ET)
Today's Range
$53.37
$54.89
50-Day Range
$46.26
$54.47
52-Week Range
$45.52
$68.57
Volume
969,773 shs
Average Volume
1.52 million shs
Market Capitalization
$30.36 billion
P/E Ratio
33.85
Dividend Yield
N/A
Price Target
$60.62

GLOBALFOUNDRIES MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
11.5% Upside
$60.62 Price Target
Short Interest
Bearish
16.42% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.70mentions of GLOBALFOUNDRIES in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
88.68%
From $1.06 to $2.00 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.

3.70 out of 5 stars

Computer And Technology Sector

198th out of 585 stocks

Semiconductors & Related Devices Industry

33rd 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

Tech Earnings Insights: Where Opportunity Meets Uncertainty (GFS)
Tech earnings season presents a complex mix of opportunities and challenges for investors navigating this dynamic and ever-evolving sector.
3 Technologies to Challenge NAND Flash Dominance in AI (GFS)
Artificial intelligence (AI) applications and platforms are growing like weeds. The arms race for AI superiority continues to be waged between the chip makers
Evaluating GLOBALFOUNDRIES: Insights From 14 Financial Analysts
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Today
5/21/2024
Next Earnings (Estimated)
8/13/2024
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
12,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$60.62
High Stock Price Target
$80.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+11.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
14 Analysts

Profitability

Net Income
$1.02 billion
Pretax Margin
13.55%

Debt

Sales & Book Value

Annual Sales
$7.39 billion
Cash Flow
$4.56 per share
Book Value
$20.15 per share

Miscellaneous

Free Float
N/A
Market Cap
$30.06 billion
Optionable
Not Optionable
Beta
1.61
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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. William G. 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

GFS Stock Analysis - Frequently Asked Questions

Should I buy or sell GLOBALFOUNDRIES stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GLOBALFOUNDRIES in the last twelve months. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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?

14 brokers have issued twelve-month price objectives for GLOBALFOUNDRIES's shares. Their GFS share price targets range from $43.00 to $80.00. On average, they predict the company's stock price to reach $60.62 in the next twelve months. This suggests a possible upside of 11.5% 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 2024. Since then, GFS shares have decreased by 10.3% and is now trading at $54.38.
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, August 13th 2024.
View our GFS earnings forecast
.

How were GLOBALFOUNDRIES's earnings last quarter?

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) announced its quarterly earnings results on Tuesday, February, 13th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. The business earned $1.85 billion during the quarter, compared to the consensus estimate of $1.85 billion. GLOBALFOUNDRIES had a net margin of 12.66% and a trailing twelve-month return on equity of 8.78%. The company's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period last year, the business earned $1.37 EPS.

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

GLOBALFOUNDRIES updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of 0.240-0.340 for the period, compared to the consensus estimate of 0.280. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion.

When did GLOBALFOUNDRIES IPO?

GLOBALFOUNDRIES (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 many different retail and institutional investors. Top institutional investors include Matrix Capital Management Company LP (3.03%), Mirae Asset Global Investments Co. Ltd. (0.19%), ProShare Advisors LLC (0.10%), Rheos Capital Works Inc. (0.05%), Vanguard Group Inc. (0.05%) and SG Americas Securities LLC (0.04%).

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 5/21/2024 by MarketBeat.com Staff

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