NASDAQ:GFS GLOBALFOUNDRIES (GFS) Stock Price, News & Analysis → Top 5 Tech Stocks to Buy for 2024 (From Daily Market Alerts) (Ad) Free GFS Stock Alerts $47.67 -0.26 (-0.54%) (As of 06/10/2024 ET) Add Compare Share Share Today's Range$47.43▼$48.0750-Day Range$46.26▼$55.2152-Week Range$45.52▼$68.57Volume1.51 million shsAverage Volume1.64 million shsMarket Capitalization$26.48 billionP/E Ratio29.43Dividend YieldN/APrice Target$60.62 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrends Get GLOBALFOUNDRIES alerts: Email Address GLOBALFOUNDRIES MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside27.2% Upside$60.62 Price TargetShort InterestHealthy14.53% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.09Based on 10 Articles This WeekInsider TradingN/AProj. Earnings Growth88.68%From $1.06 to $2.00 Per ShareSee Full Details Hide Full Details 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.4.41 out of 5 starsComputer And Technology Sector98th out of 572 stocksSemiconductors & Related Devices Industry20th out of 86 stocks 4.3 Analyst's Opinion Consensus RatingGLOBALFOUNDRIES has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 7 hold ratings, and no sell ratings.Amount of Analyst CoverageGLOBALFOUNDRIES has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about GLOBALFOUNDRIES's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted14.53% of the float of GLOBALFOUNDRIES has been sold short.Short Interest Ratio / Days to CoverGLOBALFOUNDRIES has a short interest ratio ("days to cover") of 7.4.Change versus previous monthShort interest in GLOBALFOUNDRIES has recently decreased by 10.27%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldGLOBALFOUNDRIES does not currently pay a dividend.Dividend GrowthGLOBALFOUNDRIES does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GFS. Previous Next 2.8 News and Social Media Coverage News SentimentGLOBALFOUNDRIES has a news sentiment score of 1.09. 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 0.82 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 10 news articles for GLOBALFOUNDRIES this week, compared to 5 articles on an average week.Search InterestOnly 5 people have searched for GFS on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added GLOBALFOUNDRIES to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days. Previous Next N/A Company Ownership Insider Buying vs. Insider SellingIn the past three months, GLOBALFOUNDRIES insiders have not sold or bought any company stock.Read more about GLOBALFOUNDRIES's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for GLOBALFOUNDRIES are expected to grow by 88.68% in the coming year, from $1.06 to $2.00 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of GLOBALFOUNDRIES is 29.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.72.Price to Earnings Ratio vs. SectorThe P/E ratio of GLOBALFOUNDRIES is 29.43, 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 229.09.Price to Earnings Growth RatioGLOBALFOUNDRIES has a PEG Ratio of 4.51. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGLOBALFOUNDRIES has a P/B Ratio of 2.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about GLOBALFOUNDRIES's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad HedgeyeNo Strings Attached: Get 30 Days of Hedgeye’s Top Stock Picks for FreeOptimize your stock investing strategy with Hedgeye's Investing Ideas, where rigorous fundamental stock analysis meets hedge fund-level market foresight!TRY "INVESTING IDEAS" TODAY 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.Read More GFS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GFS Stock News HeadlinesJune 7 at 2:36 AM | americanbankingnews.comGLOBALFOUNDRIES Inc. (NASDAQ:GFS) Receives $60.62 Average Target Price from BrokeragesJune 5, 2024 | investorplace.comShort Squeeze Savants: 3 Stocks Outsmarting the Bearish HordesJune 5, 2024 | globenewswire.comElevATE Semiconductor and GlobalFoundries Partner on High-Voltage Chips for Commercial and National Security ApplicationsMay 30, 2024 | globenewswire.comGlobalFoundries Recognized on USA Today's “America's Climate Leaders 2024” ListMay 23, 2024 | msn.comGlobalFoundries announces pricing of $950M secondary offering of ordinary sharesMay 23, 2024 | finance.yahoo.comGLOBALFOUNDRIES (NASDAQ:GFS) Shareholders Will Want The ROCE Trajectory To ContinueMay 22, 2024 | globenewswire.comGlobalFoundries Announces Pricing of $950 Million Secondary Offering of Ordinary Shares, Including Concurrent $200 Million Share RepurchaseMay 22, 2024 | za.investing.comGlobalFoundries stock falls as Mubadala offers sharesMay 22, 2024 | globenewswire.comGlobalFoundries Announces Launch of $950 Million Secondary Offering of Ordinary Shares, Including Concurrent $200 Million Share RepurchaseMay 21, 2024 | globenewswire.comGlobalFoundries Partners with Micron and U.S. National Science Foundation to Drive Semiconductor Workforce Development at Minority Serving InstitutionsMay 20, 2024 | investorplace.comTech's Lean, Mean Profit Machines: 7 Streamlined Stocks Ready to RoarMay 13, 2024 | markets.businessinsider.comEvaluating GLOBALFOUNDRIES: Insights From 14 Financial AnalystsMay 10, 2024 | finance.yahoo.comGLOBALFOUNDRIES Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsMay 10, 2024 | markets.businessinsider.comOutperform Rating for GlobalFoundries Amid Strong Automotive Focus and Robust FinancialsMay 8, 2024 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Arista Networks (ANET) and GlobalFoundries Inc (GFS)May 8, 2024 | finance.yahoo.comGLOBALFOUNDRIES Inc. (NASDAQ:GFS) Q1 2024 Earnings Call TranscriptMay 8, 2024 | finance.yahoo.comGLOBALFOUNDRIES Inc (GFS) (Q1 2024) Earnings Call Transcript Highlights: Navigating Challenges ...May 7, 2024 | finance.yahoo.comUS Chips Act Beneficiary GlobalFoundries Stock Soars On Q1 Earnings - What's Going On?May 7, 2024 | investopedia.comTech Stocks on the Move Today: GlobalFoundries, Datadog, and MoreMay 7, 2024 | investopedia.comGlobalFoundries Stock Surges as Income Nearly Doubles ExpectationsMay 7, 2024 | finanznachrichten.deGlobalFoundries Inc.: GlobalFoundries Reports First Quarter 2024 Financial ResultsMay 7, 2024 | investors.comChipmaker GlobalFoundries Tops Q1 Views, Offers Reassuring OutlookMay 7, 2024 | globenewswire.comGlobalFoundries Reports First Quarter 2024 Financial ResultsMay 5, 2024 | msn.comGF–Town of Stillwater Foundation presents 2024 grants to local organizationsMay 1, 2024 | finance.yahoo.comGLOBALFOUNDRIES Full Year 2023 Earnings: In Line With ExpectationsSee More Headlines Receive GFS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for GLOBALFOUNDRIES and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/07/2024Today6/10/2024Next Earnings (Estimated)8/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNASDAQ:GFS CUSIPN/A CIK1709048 Webwww.globalfoundries.com Phone518-305-9013FaxN/AEmployees12,000Year FoundedN/APrice Target and Rating Average Stock Price Target$60.62 High Stock Price Target$80.00 Low Stock Price Target$43.00 Potential Upside/Downside+26.9%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$1.62 Trailing P/E Ratio29.49 Forward P/E Ratio45.08 P/E Growth4.51Net Income$1.02 billion Net Margins12.66% Pretax Margin13.55% Return on Equity8.78% Return on Assets5.33% Debt Debt-to-Equity Ratio0.22 Current Ratio2.18 Quick Ratio1.59 Sales & Book Value Annual Sales$7.39 billion Price / Sales3.59 Cash Flow$4.52 per share Price / Cash Flow10.57 Book Value$20.15 per share Price / Book2.37Miscellaneous Outstanding Shares555,510,000Free FloatN/AMarket Cap$26.54 billion OptionableNot Optionable Beta1.57 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.Get This Free Report Key ExecutivesDr. 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. BillingsChief Accounting OfficerMr. Gregg Bartlett (Age 62)Chief Technology Officer Mr. Brad ClayChief Information OfficerMr. Sam FranklinVice President of Capital Markets & Investor RelationsMr. Saam Azar J.D. (Age 48)Senior VP, Chief Legal Officer & Secretary Ms. Laurie KellyChief Communications OfficerMs. Pradheepa Raman (Age 43)Chief People Officer More ExecutivesKey CompetitorsMaxim Integrated ProductsNASDAQ:MXIMEntegrisNASDAQ:ENTGXilinxNASDAQ:XLNXNXP SemiconductorsNASDAQ:NXPIMarvell TechnologyNASDAQ:MRVLView All CompetitorsInstitutional OwnershipDekaBank Deutsche GirozentraleBought 1,057 shares on 6/4/2024Ownership: 0.002%Tidal Investments LLCBought 73,060 shares on 5/17/2024Ownership: 0.017%Walleye Trading LLCBought 15,100 shares on 5/17/2024Ownership: 0.000%Wahed Invest LLCSold 2,663 shares on 5/17/2024Ownership: 0.000%California State Teachers Retirement SystemSold 5,080 shares on 5/16/2024Ownership: 0.001%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 reported earnings per share for the quarter that exceeded analysts' consensus estimates, indicating strong financial performance. The company had a return on equity of 10.16%, showcasing efficient utilization of shareholder equity to generate profits. Despite a decrease in quarterly revenue, GLOBALFOUNDRIES managed to maintain a healthy net margin of 13.80%, demonstrating effective cost management. The stock price target was recently adjusted by analysts, potentially presenting a buying opportunity for investors at a lower price point. With a market capitalization of $27.27 billion, GLOBALFOUNDRIES is a significant player in the semiconductor foundry industry, offering stability and growth potential. Cons Investors should be bearish about investing in GLOBALFOUNDRIES Inc. for these reasons: The company's quarterly revenue was down 11.8% compared to the same period last year, indicating a potential challenge in revenue growth. Despite a positive earnings surprise, the stock has faced target price cuts from analysts, suggesting uncertainty or challenges ahead. GLOBALFOUNDRIES' 52-week high of $68.57 is significantly higher than the current trading price, potentially signaling a lack of short-term upside. Several analysts have issued hold ratings on the stock, indicating mixed opinions on its future performance and potential risks. The company's PEG ratio of 3.97 may suggest that the stock is currently overvalued based on its growth prospects, posing a risk for investors. 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 Saturday, June 1, 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? 14 Wall Street 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 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 1-year target prices for GLOBALFOUNDRIES's stock. Their GFS share price targets range from $43.00 to $80.00. On average, they expect the company's share price to reach $60.62 in the next twelve months. This suggests a possible upside of 27.2% 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 2024? GLOBALFOUNDRIES's stock was trading at $60.60 on January 1st, 2024. Since then, GFS stock has decreased by 21.3% and is now trading at $47.67. View the best growth stocks for 2024 here. Are investors shorting GLOBALFOUNDRIES? GLOBALFOUNDRIES saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 11,530,000 shares, a drop of 10.3% from the April 30th total of 12,850,000 shares. Based on an average trading volume of 1,550,000 shares, the days-to-cover ratio is presently 7.4 days. Currently, 14.5% of the company's stock are short sold. 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 13th 2024. View our GFS earnings forecast. How were GLOBALFOUNDRIES's earnings last quarter? GLOBALFOUNDRIES Inc. (NASDAQ:GFS) issued its earnings results on Tuesday, May, 7th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.15 by $0.09. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. GLOBALFOUNDRIES had a trailing twelve-month return on equity of 8.78% and a net margin of 12.66%. 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 Technology AlphaDEX Fund (FXL), Renaissance IPO ETF (IPO), Global X Internet of Things Thematic ETF (SNSR), Simplify NEXT Intangible Value Index ETF (NXTV) and Fidelity Fundamental Large Cap Growth ETF (FGRO). What guidance has GLOBALFOUNDRIES issued on next quarter's earnings? GLOBALFOUNDRIES issued an update on 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 EPS 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 $42.00-$47.00 per share. Who are GLOBALFOUNDRIES's major shareholders? GLOBALFOUNDRIES's stock is owned by a number of institutional and retail 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 6/10/2024 by MarketBeat.com Staff From Our PartnersDON’T buy gold until you read thisIf you're an American who understands that your money is rotting away as you read this email… Then this is ...Sasco Gold LLC | SponsoredTop 5 Tech Stocks to Buy for 2024The next evolution of technology is already upending industries worth $7 Trillion… It's already got the world'...Daily Market Alerts | SponsoredTop 5 AI Stocks to Buy for 2024The electric vehicle boom is accelerating – and fast.Market Moving Trends | SponsoredNo Strings Attached: Get 30 Days of Hedgeye’s Top Stock Picks for FreeOptimize your stock investing strategy with Hedgeye's Investing Ideas, where rigorous fundamental stock analys...Hedgeye | SponsoredHurry! 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