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 .

Top-Rated StocksTop-Rated

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: 1.18
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

3.5

Analyst's Opinion

Consensus Rating
GLOBALFOUNDRIES 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/Downside
According 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 Coverage
GLOBALFOUNDRIES has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
14.86% of the float of GLOBALFOUNDRIES has been sold short.
Short Interest Ratio / Days to Cover
GLOBALFOUNDRIES has a short interest ratio ("days to cover") of 8.8.
Change versus previous month
Short interest in GLOBALFOUNDRIES has recently decreased by 10.18%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
GLOBALFOUNDRIES does not currently pay a dividend.
Dividend Growth
GLOBALFOUNDRIES does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GFS.

2.3

News and Social Media Coverage

News Sentiment
GLOBALFOUNDRIES 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 Week
MarketBeat has tracked 3 news articles for GLOBALFOUNDRIES this week, compared to 3 articles on an average week.
Search Interest
Only 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 Follows
Only 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.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, GLOBALFOUNDRIES insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 14.76% of the stock of GLOBALFOUNDRIES is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
GLOBALFOUNDRIES has a PEG Ratio of 8.84. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
GLOBALFOUNDRIES 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.

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.

GFS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GFS Stock News Headlines

December 7, 2023 | bizjournals.com

Chewy names semiconductor executive as CFO

November 20, 2023 | finance.yahoo.com

GLOBALFOUNDRIES Inc.'s (NASDAQ:GFS) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

December 8, 2023 | Wealthpress (Ad)

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November 20, 2023 | bizjournals.com

GlobalFoundries' newest investment: Paying off student debt

November 16, 2023 | msn.com

This Company Is Helping Pay Its Workers' Student Loans

November 9, 2023 | msn.com

GlobalFoundries'(NASDAQ:GFS) Q3 Earnings Beats Expectations

November 8, 2023 | markets.businessinsider.com

GlobalFoundries Holds Steady Despite Market Challenges, Analysts Project Recovery in Second Half 2024

November 8, 2023 | finance.yahoo.com

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) Q3 2023 Earnings Call Transcript

December 8, 2023 | DTI Trader (Ad)

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November 8, 2023 | markets.businessinsider.com

Buy Rating Maintained for GlobalFoundries Inc. Despite Near-Term Challenges and Revenue Estimate Reduction

November 7, 2023 | msn.com

Why Are GlobalFoundries Shares Trading Higher Today?

November 7, 2023 | au.investing.com

GlobalFoundries rises after topping earnings expectations

November 7, 2023 | proactiveinvestors.com

GlobalFoundries rallies on 3Q earnings win, upbeat 4Q guidance

November 7, 2023 | msn.com

GlobalFoundries projects profit above estimates in positive sign for chip market

November 7, 2023 | finance.yahoo.com

GlobalFoundries Stock Rises on Strong Earnings. Chip Inventories Are Improving.

November 7, 2023 | seekingalpha.com

GLOBALFOUNDRIES Inc. 2023 Q3 - Results - Earnings Call Presentation

November 7, 2023 | finance.yahoo.com

GlobalFoundries Reports Third Quarter 2023 Financial Results

November 7, 2023 | finance.yahoo.com

GlobalFoundries’ Earnings Beat Expectations. The Chip Maker’s Stock Is Rising.

October 31, 2023 | finance.yahoo.com

Is It Too Late To Consider Buying GLOBALFOUNDRIES Inc. (NASDAQ:GFS)?

October 22, 2023 | msn.com

GlobalFoundries: Robust Strategic Initiatives But Facing Challenging Semiconductor Landscape

October 18, 2023 | finanznachrichten.de

GlobalFoundries Inc.: GlobalFoundries Awarded $35 Million Funding from U.S. Government to Accelerate Manufacturing of Next-Generation GaN Chips

October 18, 2023 | finance.yahoo.com

GlobalFoundries Awarded $35 Million Funding from U.S. Government to Accelerate Manufacturing of Next-Generation GaN Chips

October 12, 2023 | finance.yahoo.com

GlobalFoundries and U.S. Department of Defense Showcase Secure Chip Manufacturing at 2023 Trusted Foundry Training

October 2, 2023 | finance.yahoo.com

GlobalFoundries Announces Conference Call to Review Third Quarter 2023 Financial Results

September 29, 2023 | msn.com

GlobalFoundries (NASDAQ:GFS) Planning Major Investment at German Unit

September 27, 2023 | finanznachrichten.de

GlobalFoundries Inc.: GlobalFoundries and Microchip Announce Microchip's 28nm SuperFlash Embedded Flash Memory Solution in Production

September 27, 2023 | finance.yahoo.com

GlobalFoundries Unveils Power-Efficient Advancements to 22FDX® Platform at Annual Tech Summit

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:GFS
CUSIP: N/A
CIK: 1709048
Web: www.globalfoundries.com
Phone: 518-305-9013
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

EPS (Most Recent Fiscal Year): $2.55
Trailing P/E Ratio: 20.59
Forward P/E Ratio: 27.63
P/E Growth: 8.84
Net Income: $1.45 billion
Net Margins: 18.47%
Pretax Margin: 19.13%
Return on Equity: 14.78%
Return on Assets: 8.64%

Debt

Debt-to-Equity Ratio: 0.23
Current Ratio: 2.11
Quick Ratio: 1.56

Sales & Book Value

Annual Sales: $7.64 billion
Price / Sales: 3.76
Cash Flow: $5.60 per share
Price / Cash Flow: 9.37
Book Value: $18.18 per share
Price / Book: 2.89

Miscellaneous

Outstanding Shares: 547,755,000
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

Key Competitors

View All Competitors

Institutional Ownership

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

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

GLOBALFOUNDRIES MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About GLOBALFOUNDRIES Stock (NASDAQ:GFS)

GFS Stock Price History

GFS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

Should I Buy GLOBALFOUNDRIES Stock? GFS Pros and Cons Explained

Pros

Cons

GFS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™