Should I buy or sell GLOBALFOUNDRIES stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GLOBALFOUNDRIES in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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?

12 Wall Street analysts have issued 12 month price objectives for GLOBALFOUNDRIES's shares. Their GFS share price targets range from $48.00 to $80.00. On average, they expect the company's share price to reach $63.08 in the next twelve months. This suggests a possible upside of 34.5% 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 the year. Since then, GFS shares have decreased by 22.6% and is now trading at $46.89. 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, May 7th 2024. View our GFS earnings forecast .

How can I listen to GLOBALFOUNDRIES's earnings call?

GLOBALFOUNDRIES will be holding an earnings conference call on Tuesday, May 7th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were GLOBALFOUNDRIES's earnings last quarter?

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) posted its earnings results on Tuesday, February, 13th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. The company earned $1.85 billion during the quarter, compared to the consensus estimate of $1.85 billion. GLOBALFOUNDRIES had a trailing twelve-month return on equity of 10.16% and a net margin of 13.80%. The company's revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 earnings per share.

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) , First Trust NASDAQ 100 Technology Index Fund (QTEC) , Invesco PHLX Semiconductor ETF (SOXQ) , First Trust US Equity Opportunities ETF (FPX) , Renaissance IPO ETF (IPO) , WisdomTree Artificial Intelligence and Innovation Fund (WTAI) , Global X Internet of Things Thematic ETF (SNSR) and Fidelity Blue Chip Growth ETF (FBCG) .

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

GLOBALFOUNDRIES issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS guidance of 0.180-0.280 for the period, compared to the consensus earnings per share estimate of 0.460. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.8 billion.

When did GLOBALFOUNDRIES IPO?

GLOBALFOUNDRIES (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.

Who are GLOBALFOUNDRIES's major shareholders?

GLOBALFOUNDRIES's stock is owned by a variety of retail and institutional investors. Top institutional investors include Rheos Capital Works Inc. (0.05%), Renaissance Capital LLC (0.01%), IMC Chicago LLC (0.00%), Global Assets Advisory LLC (0.00%) and International Assets Investment Management LLC (0.00%).

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 .

NASDAQ:GFS

GLOBALFOUNDRIES (GFS) Stock Price, News & Analysis

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Free GFS Stock Alerts

$46.89

-0.47 (-0.99%)

(As of 04/18/2024 ET)

Compare

Today's Range: $46.42
▼
$47.23
50-Day Range: $47.26
▼
$55.94
52-Week Range: $46.42
▼
$68.57

Volume: 1.41 million shs
Average Volume: 1.56 million shs
Market Capitalization: $25.68 billion

P/E Ratio: 25.48
Dividend Yield: N/A
Price Target: $63.08

Get GLOBALFOUNDRIES alerts:

GLOBALFOUNDRIES MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.58 Rating Score
Upside/Downside: 34.5% Upside
$63.08 Price Target
Short Interest: Bearish
16.73% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.22
Based on 14 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 110.00%
From $1.00 to $2.10 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.

3.77 out of 5 stars

Computer And Technology Sector

192nd out of 587 stocks

Semiconductors & Related Devices Industry

32nd out of 88 stocks

4.3

Analyst's Opinion

Consensus Rating
GLOBALFOUNDRIES has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
GLOBALFOUNDRIES has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
16.73% 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 8.3.
Change versus previous month
Short interest in GLOBALFOUNDRIES has recently increased by 4.30%, indicating that investor sentiment is decreasing.

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.

1.8

News and Social Media Coverage

News Sentiment
GLOBALFOUNDRIES has a news sentiment score of 0.22. 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 lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for GLOBALFOUNDRIES this week, compared to 5 articles on an average week.
Search Interest
Only 8 people have searched for GFS on MarketBeat in the last 30 days. This is a decrease of -56% 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 -38% compared to the previous 30 days.

N/A

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, GLOBALFOUNDRIES insiders have not sold or bought any company stock.

3.1

Earnings and Valuation

Earnings Growth
Earnings for GLOBALFOUNDRIES are expected to grow by 110.00% in the coming year, from $1.00 to $2.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of GLOBALFOUNDRIES is 25.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of GLOBALFOUNDRIES is 25.48, 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 244.20.
Price to Earnings Growth Ratio
GLOBALFOUNDRIES has a PEG Ratio of 4.04. 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 2.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

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GLOBALFOUNDRIES Stock (NASDAQ:GFS), Analyst Ratings, Price Targets, Predictions

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GLOBALFOUNDRIES Inc. (NASDAQ:GFS) Receives Average Rating of "Moderate Buy" from Analysts

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Company Calendar

Last Earnings: 2/13/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Semiconductors & related devices
Sub-Industry: N/A
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: $63.08
High Stock Price Target: $80.00
Low Stock Price Target: $48.00
Potential Upside/Downside: +33.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.58
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.84
Trailing P/E Ratio: 25.60
Forward P/E Ratio: 47.10
P/E Growth: 4.04
Net Income: $1.02 billion
Net Margins: 13.80%
Pretax Margin: 14.66%
Return on Equity: 10.16%
Return on Assets: 6.09%

Debt

Debt-to-Equity Ratio: 0.16
Current Ratio: 2.04
Quick Ratio: 1.56

Sales & Book Value

Annual Sales: $7.39 billion
Price / Sales: 3.49
Cash Flow: $4.56 per share
Price / Cash Flow: 10.32
Book Value: $20.36 per share
Price / Book: 2.31

Miscellaneous

Outstanding Shares: 547,760,000
Free Float: N/A
Market Cap: $25.80 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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

Should I Buy GLOBALFOUNDRIES Stock? GFS Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in GLOBALFOUNDRIES Inc.:

GLOBALFOUNDRIES has been receiving positive analyst ratings, with a consensus rating of "Moderate Buy" and an average price target of $63.25, indicating potential growth.
The company has seen significant institutional investments, with notable hedge funds and investors increasing their stakes, reflecting confidence in the company's future performance.
Recent acquisitions of shares by institutional investors like SG Americas Securities LLC and International Assets Investment Management LLC suggest a positive outlook on the company's prospects.
Despite some analysts lowering price targets, the stock has shown resilience, indicating a potential buying opportunity at a lower price point.
GLOBALFOUNDRIES' current stock price presents an attractive entry point for investors looking to capitalize on potential future growth in the semiconductor industry.

Cons

Investors should be bearish about investing in GLOBALFOUNDRIES Inc. for these reasons:

Some analysts have downgraded the stock from "buy" to "neutral" and lowered price targets, signaling potential challenges or uncertainties in the company's performance.
While institutional investments have increased, there is a possibility of market volatility impacting the stock price, leading to short-term fluctuations in value.
Competitive pressures in the semiconductor industry could affect GLOBALFOUNDRIES' market position and profitability, posing risks to investor returns.
Uncertainties in global economic conditions and trade policies may impact the company's revenue and growth potential, affecting investor confidence.
Investors should consider the cyclical nature of the semiconductor industry, which can lead to periods of high growth followed by downturns, influencing stock performance.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these GLOBALFOUNDRIES pros and cons to contact@marketbeat.com.

GFS Stock Analysis - Frequently Asked Questions

Should I buy or sell GLOBALFOUNDRIES stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GLOBALFOUNDRIES in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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?: 12 Wall Street analysts have issued 12 month price objectives for GLOBALFOUNDRIES's shares. Their GFS share price targets range from $48.00 to $80.00. On average, they expect the company's share price to reach $63.08 in the next twelve months. This suggests a possible upside of 34.5% 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 the year. Since then, GFS shares have decreased by 22.6% and is now trading at $46.89.
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, May 7th 2024.
View our GFS earnings forecast.
How can I listen to GLOBALFOUNDRIES's earnings call?: GLOBALFOUNDRIES will be holding an earnings conference call on Tuesday, May 7th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were GLOBALFOUNDRIES's earnings last quarter?: GLOBALFOUNDRIES Inc. (NASDAQ:GFS) posted its earnings results on Tuesday, February, 13th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. The company earned $1.85 billion during the quarter, compared to the consensus estimate of $1.85 billion. GLOBALFOUNDRIES had a trailing twelve-month return on equity of 10.16% and a net margin of 13.80%. The company's revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 earnings per share.

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), First Trust NASDAQ 100 Technology Index Fund (QTEC), Invesco PHLX Semiconductor ETF (SOXQ), First Trust US Equity Opportunities ETF (FPX), Renaissance IPO ETF (IPO), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Global X Internet of Things Thematic ETF (SNSR) and Fidelity Blue Chip Growth ETF (FBCG).
What guidance has GLOBALFOUNDRIES issued on next quarter's earnings?: GLOBALFOUNDRIES issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS guidance of 0.180-0.280 for the period, compared to the consensus earnings per share estimate of 0.460. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.8 billion.
When did GLOBALFOUNDRIES IPO?: GLOBALFOUNDRIES (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.
Who are GLOBALFOUNDRIES's major shareholders?: GLOBALFOUNDRIES's stock is owned by a variety of retail and institutional investors. Top institutional investors include Rheos Capital Works Inc. (0.05%), Renaissance Capital LLC (0.01%), IMC Chicago LLC (0.00%), Global Assets Advisory LLC (0.00%) and International Assets Investment Management LLC (0.00%).
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 4/18/2024 by MarketBeat.com Staff

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