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Top-Rated StocksTop-Rated
NASDAQ:GFS

GLOBALFOUNDRIES (GFS) Stock Forecast, Price & News

$59.40
+0.20 (+0.34%)
(As of 06/8/2023 ET)
Compare
Today's Range
$58.68
▼
$59.88
50-Day Range
$53.72
▼
$72.18
52-Week Range
$36.81
▼
$72.50
Volume
730,615 shs
Average Volume
1.52 million shs
Market Capitalization
$32.54 billion
P/E Ratio
21.52
Dividend Yield
N/A
Price Target
$78.87
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

GLOBALFOUNDRIES MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
32.8% Upside
$78.87 Price Target
Short Interest
Healthy
13.01% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.01mentions of GLOBALFOUNDRIES in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
51.08%
From $1.86 to $2.81 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Computer And Technology Sector

108th out of 599 stocks

Semiconductors & Related Devices Industry

15th out of 87 stocks

See Top Rated MarketRank™ Stocks Here

GFS stock logo

About GLOBALFOUNDRIES (NASDAQ:GFS) Stock

GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. It manufactures integrated circuits, which enable various electronic devices that are pervasive. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, power management units, and microelectromechanical systems, as well as offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York.

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GFS Stock News Headlines

June 5, 2023 | finanznachrichten.de
STMicroelectronics N.V.: GlobalFoundries and STMicroelectronics finalize agreement for new 300mm semiconductor manufacturing facility in France
June 5, 2023 | finance.yahoo.com
GlobalFoundries and STMicroelectronics Finalize Agreement for New 300mm Semiconductor Manufacturing Facility in France
June 8, 2023 | Behind the Markets (Ad)
Our #1 Laser Stock for May
The Pentagon calls laser weapons "the future." This small cap just won a $1.65 billion contract to make them. See why this stock could soar 2,476% >>>
June 5, 2023 | reuters.com
France to provide 2.9 bln euros in aid for new STMicro/GlobalFoundries factory
May 31, 2023 | americanbankingnews.com
GLOBALFOUNDRIES Inc. (NASDAQ:GFS) Receives $78.87 Average PT from Brokerages
May 30, 2023 | finance.yahoo.com
U.S. Government Accredits GlobalFoundries to Manufacture Trusted Semiconductors at New York Facility
May 27, 2023 | fool.com
Globalfoundries (NASDAQ: GFS)
May 24, 2023 | seekingalpha.com
GlobalFoundries To Underperform In H2 2023 Due To Macro Headwinds
June 8, 2023 | Behind the Markets (Ad)
Our #1 Laser Stock for May
The Pentagon calls laser weapons "the future." This small cap just won a $1.65 billion contract to make them. See why this stock could soar 2,476% >>>
May 24, 2023 | finance.yahoo.com
GlobalFoundries Believes the Semiconductor Recovery Is Here, but There's a Catch
May 17, 2023 | markets.businessinsider.com
Arasan announces the immediate availability of its 2'nd Generation MIPI D-PHY for GlobalFoundries 22nm SoC Designs
May 17, 2023 | finanznachrichten.de
Arasan Chip Systems, Inc.: Arasan announces the immediate availability of its 2'nd Generation MIPI D-PHY for GlobalFoundries 22nm SoC Designs
May 15, 2023 | msn.com
Micron leads chips higher as Citi reiterates favoritism once downturn ends
May 13, 2023 | americanbankingnews.com
GLOBALFOUNDRIES (NASDAQ:GFS) PT Lowered to $72.00 at Wedbush
May 12, 2023 | msn.com
Needham Maintains GlobalFoundries (GFS) Buy Recommendation
May 11, 2023 | msn.com
Wedbush Maintains GlobalFoundries (GFS) Outperform Recommendation
May 11, 2023 | msn.com
GFS Down after Q1 Results
May 11, 2023 | markets.businessinsider.com
New Buy Rating for GlobalFoundries Inc (GFS), the Technology Giant
May 11, 2023 | markets.businessinsider.com
Raymond James Reaffirms Their Buy Rating on GlobalFoundries Inc (GFS)
May 11, 2023 | americanbankingnews.com
GLOBALFOUNDRIES (NASDAQ:GFS) PT Lowered to $70.00 at TD Cowen
May 10, 2023 | msn.com
GLOBALFOUNDRIES Q1 2023 Earnings Preview
May 10, 2023 | msn.com
GlobalFoundries stock drops as revenue falls
May 10, 2023 | msn.com
Chipmaker GlobalFoundries forecasts downbeat quarter, shares fall
May 10, 2023 | markets.businessinsider.com
HSBC Sticks to Its Hold Rating for GlobalFoundries Inc (GFS)
May 10, 2023 | msn.com
GlobalFoundries sinks on CFO transition, Q1 EBITDA miss
May 9, 2023 | finance.yahoo.com
Why Semiconductor Giant GlobalFoundries Stock Is Tumbling Today
May 9, 2023 | finance.yahoo.com
GlobalFoundries Inc. (GFS) Beats Q1 Earnings and Revenue Estimates
See More Headlines

GFS Price History

GFS Company Calendar

Last Earnings
5/09/2023
Today
6/08/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & related devices
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 Forecast
$78.87
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+33.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
14 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.76
Trailing P/E Ratio
21.45
Forward P/E Ratio
31.83
P/E Growth
9.67
Net Income
$1.45 billion
Net Margins
19.02%
Pretax Margin
20.00%
Return on Equity
17.03%
Return on Assets
9.38%

Debt

Debt-to-Equity Ratio
0.22
Current Ratio
1.94
Quick Ratio
1.45

Sales & Book Value

Annual Sales
$8.11 billion
Price / Sales
4.00
Cash Flow
$5.90 per share
Price / Cash Flow
10.03
Book Value
$18.18 per share
Price / Book
3.26

Miscellaneous

Outstanding Shares
547,760,000
Free Float
N/A
Market Cap
$32.43 billion
Optionable
Not Optionable
Beta
1.95

Key Executives

  • Dr. Thomas H. Caulfield DES (Age 64)
    Ph.D., Pres, CEO & Director
  • Mr. David W. Reeder (Age 48)
    CFO & Sr. VP of Fin.
  • Mr. Thomas Weber (Age 54)
    Sr. VP of Global Operations Support and Supply Chain
  • Mr. Will Billings
    Chief Accounting Officer
  • Mr. Gregg Bartlett (Age 61)
    Chief Technology Officer
  • Mr. Sukhi Nagesh
    VP of Investor Relations
  • Mr. Saam Azar J.D. (Age 47)
    Sr. VP, Gen. Counsel & Sec.
  • Ms. Laurie Kelly
    Chief Communications Officer
  • Ms. Pradheepa Raman
    Chief People Officer
  • Mr. Kay Chai Ang (Age 64)
    Chief Manufacturing Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













GFS Stock - Frequently Asked Questions

Should I buy or sell GLOBALFOUNDRIES stock right now?

14 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 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GFS shares.
View GFS analyst ratings or view top-rated stocks.

What is GLOBALFOUNDRIES's stock price forecast for 2023?

14 analysts have issued 1 year target prices for GLOBALFOUNDRIES's shares. Their GFS share price forecasts range from $65.00 to $90.00. On average, they predict the company's stock price to reach $78.87 in the next year. This suggests a possible upside of 33.2% 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 the year. Since then, GFS stock has increased by 9.9% and is now trading at $59.20.
View the best growth stocks for 2023 here.

Are investors shorting GLOBALFOUNDRIES?

GLOBALFOUNDRIES saw a drop in short interest in May. As of May 15th, there was short interest totaling 10,040,000 shares, a drop of 11.7% from the April 30th total of 11,370,000 shares. Based on an average daily trading volume, of 1,340,000 shares, the short-interest ratio is presently 7.5 days. Currently, 13.0% of the shares of the stock 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, August 8th 2023.
View our GFS earnings forecast.

How were GLOBALFOUNDRIES's earnings last quarter?

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) announced its earnings results on Tuesday, May, 9th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.05. The company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.83 billion. GLOBALFOUNDRIES had a net margin of 19.02% and a trailing twelve-month return on equity of 17.03%.

What ETFs hold GLOBALFOUNDRIES's stock?

ETFs with the largest weight of GLOBALFOUNDRIES (NASDAQ:GFS) stock in their portfolio include Subversive Metaverse ETF (PUNK), First Trust US Equity Opportunities ETF (FPX), Invesco PHLX Semiconductor ETF (SOXQ), First Trust NASDAQ 100 Technology Index Fund (QTEC), Fidelity Growth Opportunities ETF (FGRO), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), First Trust Technology AlphaDEX Fund (FXL) and Global X Internet of Things Thematic ETF (SNSR).

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

GLOBALFOUNDRIES updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of $0.46-$0.54 for the period, compared to the consensus EPS estimate of $0.48. The company issued revenue guidance of $1.81 billion-$1.85 billion, compared to the consensus revenue estimate of $1.85 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 a price of $42.00-$47.00 per share.

What is GLOBALFOUNDRIES's stock symbol?

GLOBALFOUNDRIES trades on the NASDAQ under the ticker symbol "GFS."

Who are GLOBALFOUNDRIES's major shareholders?

GLOBALFOUNDRIES's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (5.36%), Matrix Capital Management Company LP (3.26%), BlackRock Inc. (0.84%), Ameriprise Financial Inc. (0.58%), ArrowMark Colorado Holdings LLC (0.32%) and First Trust Advisors LP (0.27%).

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.

What is GLOBALFOUNDRIES's stock price today?

One share of GFS stock can currently be purchased for approximately $59.20.

How much money does GLOBALFOUNDRIES make?

GLOBALFOUNDRIES (NASDAQ:GFS) has a market capitalization of $32.43 billion and generates $8.11 billion in revenue each year. The company earns $1.45 billion in net income (profit) each year or $2.76 on an earnings per share basis.

How many employees does GLOBALFOUNDRIES have?

The company employs 14,000 workers across the globe.

How can I contact GLOBALFOUNDRIES?

GLOBALFOUNDRIES's mailing address is 400 STONEBREAK ROAD EXTENSION, MALTA NY, 12020. The official website for the company is www.globalfoundries.com. The company can be reached via phone at 518-305-9013 or via email at ir@gf.com.

This page (NASDAQ:GFS) was last updated on 6/8/2023 by MarketBeat.com Staff

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