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 $54.00 -0.39 (-0.72%) (As of 03:34 PM ET) Add Compare Share Share Today's Range$53.30▼$54.7150-Day Range$46.26▼$54.3952-Week Range$45.52▼$68.57Volume838,900 shsAverage Volume1.53 million shsMarket Capitalization$29.89 billionP/E Ratio33.33Dividend YieldN/APrice Target$60.62 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Get GLOBALFOUNDRIES alerts: Email Address GLOBALFOUNDRIES MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside12.6% Upside$60.62 Price TargetShort InterestBearish16.42% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.69Based on 17 Articles This WeekInsider TradingN/AProj. Earnings Growth107.62%From $1.05 to $2.18 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.3.86 out of 5 starsComputer And Technology Sector195th out of 599 stocksSemiconductors & Related Devices Industry32nd out of 89 stocks 3.3 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 2.0 Short Interest Percentage of Shares Shorted16.42% of the float of GLOBALFOUNDRIES has been sold short.Short Interest Ratio / Days to CoverGLOBALFOUNDRIES has a short interest ratio ("days to cover") of 8.Change versus previous monthShort interest in GLOBALFOUNDRIES has recently decreased by 3.67%, indicating that investor sentiment is improving. 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 3.7 News and Social Media Coverage News SentimentGLOBALFOUNDRIES has a news sentiment score of 0.69. 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 WeekMarketBeat has tracked 17 news articles for GLOBALFOUNDRIES this week, compared to 6 articles on an average week.Search Interest12 people have searched for GFS on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat Follows8 people have added GLOBALFOUNDRIES to their MarketBeat watchlist in the last 30 days. This is an increase of 33% 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 107.62% in the coming year, from $1.05 to $2.18 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of GLOBALFOUNDRIES is 33.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.71.Price to Earnings Ratio vs. SectorThe P/E ratio of GLOBALFOUNDRIES is 33.24, 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 227.63.Price to Earnings Growth RatioGLOBALFOUNDRIES has a PEG Ratio of 5.01. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGLOBALFOUNDRIES has a P/B Ratio of 2.64. 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. 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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 HeadlinesMay 7, 2024 | marketbeat.comTech 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.April 24, 2024 | marketbeat.com3 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 makersMay 15 at 1:16 AM | americanbankingnews.comGLOBALFOUNDRIES (NASDAQ:GFS) Research Coverage Started at Jefferies Financial GroupMay 13 at 4:03 PM | markets.businessinsider.comEvaluating GLOBALFOUNDRIES: Insights From 14 Financial AnalystsMay 13 at 4:25 AM | americanbankingnews.comCantor Fitzgerald Equities Analysts Increase Earnings Estimates for GLOBALFOUNDRIES Inc. (NASDAQ:GFS)May 12 at 4:17 AM | americanbankingnews.comGLOBALFOUNDRIES (NASDAQ:GFS) Stock Rating Reaffirmed by Needham & Company LLCMay 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 10, 2024 | americanbankingnews.comGLOBALFOUNDRIES Inc. (NASDAQ:GFS) Receives Average Rating of "Hold" from AnalystsMay 10, 2024 | americanbankingnews.comGLOBALFOUNDRIES (NASDAQ:GFS) PT Raised to $50.00 at SusquehannaMay 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 6, 2024 | americanbankingnews.comGLOBALFOUNDRIES (NASDAQ:GFS) PT Lowered to $43.00 at HSBCMay 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 ExpectationsApril 30, 2024 | investorplace.comDiscount Alert! 7 Hot Stocks Heading for the Clearance Rack.April 25, 2024 | msn.com2 Semiconductor MANGO Stocks Trading Near 52-Week Lows As They Head Into Q1 EarningsApril 24, 2024 | uk.finance.yahoo.comAir Liquide continues its trajectory with another solid quarter, combining sales growth, performance improvement and investment momentumSee 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 Earnings2/13/2024Today5/15/2024Next 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+11.4%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$1.62 Trailing P/E Ratio33.57 Forward P/E Ratio53.32 P/E Growth5Net 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 / Sales4.07 Cash Flow$4.83 per share Price / Cash Flow11.27 Book Value$20.15 per share Price / Book2.70Miscellaneous Outstanding Shares553,550,000Free FloatN/AMarket Cap$30.11 billion OptionableNot Optionable Beta1.61 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in 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 CompetitorsOnsemiNASDAQ:ONMaxim Integrated ProductsNASDAQ:MXIMMonolithic Power SystemsNASDAQ:MPWRASE TechnologyNYSE:ASXSTMicroelectronicsNYSE:STMView All CompetitorsInstitutional OwnershipMatrix Capital Management Company LPSold 268,191 shares on 5/15/2024Ownership: 3.031%PEAK6 Investments LLCBought 126,900 shares on 5/15/2024Ownership: 0.000%Lazard Asset Management LLCBought 786 shares on 5/15/2024Ownership: 0.000%Truvestments Capital LLCSold 3,350 shares on 5/15/2024Ownership: 0.000%American International Group Inc.Sold 512 shares on 5/14/2024Ownership: 0.007%View All Institutional Transactions GFS Stock Analysis - 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 7 hold ratings and 7 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? 14 brokerages 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 anticipate the company's share price to reach $60.62 in the next year. This suggests a possible upside of 12.6% 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 stock has decreased by 11.1% and is now trading at $53.85. 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 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 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 8.78% and a net margin of 12.66%. The firm's quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 EPS. What ETFs hold GLOBALFOUNDRIES's stock? ETFs with the largest weight of GLOBALFOUNDRIES (NASDAQ:GFS) stock in their portfolio include Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), 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), WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and Global X Internet of Things Thematic ETF (SNSR). 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 EPS guidance of 0.240-0.340 for the period, compared to the consensus earnings per share 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 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 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. 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