NASDAQ:GFS GLOBALFOUNDRIES (GFS) Stock Price, News & Analysis → AI Cracks Open Largest Untapped Energy Reserve on Earth (From Banyan Hill Publishing) (Ad) Free GFS Stock Alerts $52.10 +0.22 (+0.42%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$51.92▼$52.9750-Day Range$51.57▼$60.4252-Week Range$48.12▼$72.37Volume1.19 million shsAverage Volume1.71 million shsMarket Capitalization$28.54 billionP/E Ratio28.32Dividend YieldN/APrice Target$64.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Get GLOBALFOUNDRIES alerts: Email Address GLOBALFOUNDRIES MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.64 Rating ScoreUpside/Downside23.8% Upside$64.50 Price TargetShort InterestBearish15.88% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.70Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth110.00%From $1.00 to $2.10 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.2.91 out of 5 starsComputer And Technology Sector312th out of 602 stocksSemiconductors & Related Devices Industry47th out of 90 stocks 3.3 Analyst's Opinion Consensus RatingGLOBALFOUNDRIES has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $64.50, GLOBALFOUNDRIES has a forecasted upside of 23.8% from its current price of $52.10.Amount of Analyst CoverageGLOBALFOUNDRIES has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted15.88% 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 increased by 13.17%, indicating that investor sentiment is decreasing 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 3.2 News and Social Media Coverage News SentimentGLOBALFOUNDRIES has a news sentiment score of 0.70. 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 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 8 news articles for GLOBALFOUNDRIES this week, compared to 5 articles on an average week.Search InterestOnly 18 people have searched for GFS on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.MarketBeat Follows15 people have added GLOBALFOUNDRIES to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, GLOBALFOUNDRIES insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 14.76% of the stock of GLOBALFOUNDRIES is held by institutions. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of GLOBALFOUNDRIES is 28.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 152.48.Price to Earnings Ratio vs. SectorThe P/E ratio of GLOBALFOUNDRIES is 28.32, 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 269.48.Price to Earnings Growth RatioGLOBALFOUNDRIES has a PEG Ratio of 4.44. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGLOBALFOUNDRIES has a P/B Ratio of 2.56. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyMy next big prediction isn’t a predictionI believe this could change your life forever. I’m talking about transforming everything for you, financially. You see, a rare market anomaly has emerged that I believe is going to make some people very wealthy. Almost nobody in the mainstream media or Wall Street has connected the dots on what’s going on, but that ignorance won’t last for long. When they wake up to this situation, billions of dollars will flood in.Click here now to sign up 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 HeadlinesMarch 18, 2024 | forbes.comHumanoid AI Smart Robots Driving New Job RealitiesMarch 18, 2024 | investorplace.comBeyond the Biggies: 3 Alternative Chip Stocks Gaining TractionMarch 19, 2024 | Banyan Hill Publishing (Ad)AI Cracks Open Largest Untapped Energy Reserve on EarthThis orb represents the largest untapped energy source in the world… And although this energy resource is unknown by 99% of the public… It makes gas, coal, oil, wind, hydropower, solar, fusion… March 16, 2024 | ca.finance.yahoo.comGFS Apr 2024 60.000 putMarch 15, 2024 | msn.comQuickLogic Shares Zoom 616% In 4 Years: Could This Chipmaker Be On A Nvidia-Style Trajectory? (CORRECTED)March 15, 2024 | markets.businessinsider.comNvidia Blazes Trail For 3 Further Phases Of AI Investment Opportunity, Says AnalystMarch 13, 2024 | msn.comPentagon Scraps Plan to Spend $2.5 Billion on Intel GrantMarch 13, 2024 | msn.comPentagon Withdraws $2.5 Billion Grant to IntelMarch 19, 2024 | The Bull Report (Ad)The AI Bottleneck No One is Talking AboutRenewable energy is growing at an impressive speed - but not fast enough. This could be one of the greatest periods for the nuclear industry ever.March 6, 2024 | realmoney.thestreet.comGlobalFoundries downgraded on lack of catalysts at SusquehannaMarch 6, 2024 | msn.comSusquehanna Downgrades GLOBALFOUNDRIES (GFS)March 5, 2024 | markets.businessinsider.comAnalyst Scoreboard: 7 Ratings For GLOBALFOUNDRIESMarch 5, 2024 | msn.comGlobalFoundries skids as Susquehanna downgrades, citing lack of content growthMarch 5, 2024 | finance.yahoo.comGLOBALFOUNDRIES Inc.'s (NASDAQ:GFS) Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat?March 5, 2024 | barrons.comGlobalFoundries Gets a Downgrade. The Stock Drops.March 4, 2024 | investorplace.comThe Top 3 Nasdaq Stocks to Buy in March 2024March 4, 2024 | seekingalpha.comGlobalFoundries: Still Uncertain About When The Industry Will RecoverFebruary 29, 2024 | finance.yahoo.comNVIDIA and GlobalFoundries have been highlighted as Zacks Bull and Bear of the DayFebruary 27, 2024 | finance.yahoo.comWe Think GLOBALFOUNDRIES (NASDAQ:GFS) Can Stay On Top Of Its DebtFebruary 26, 2024 | msn.comGlobalFoundries–Town of Stillwater now accepting 2024 grant applicationsFebruary 25, 2024 | msn.comUS awards $1.5 bln to GlobalFoundries for semiconductor productionFebruary 23, 2024 | bizjournals.comGlobalFoundries planned expansion counts on billions of dollars in subsidiesFebruary 22, 2024 | finance.yahoo.comIs There Now An Opportunity In GLOBALFOUNDRIES Inc. (NASDAQ:GFS)?February 20, 2024 | msn.comWhat the latest GlobalFoundries’ deal mean for US chipmakersFebruary 20, 2024 | cnbc.comU.S. awards $1.5 billion to GlobalFoundries for semiconductor productionFebruary 20, 2024 | finance.yahoo.comGlobalFoundries' CHIPS Act grant is a 'great first step'February 20, 2024 | investing.comGlobalFoundries rises following news of potential $1.5bn in direct fundingSee 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 Earnings2/13/2024Today3/18/2024Next Earnings (Estimated)5/14/2024Fiscal 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/AEmployees14,000Year FoundedN/APrice Target and Rating Average Stock Price Target$64.50 High Stock Price Target$80.00 Low Stock Price Target$48.00 Potential Upside/Downside+23.8%Consensus RatingModerate Buy Rating Score (0-4)2.64 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$1.84 Trailing P/E Ratio28.32 Forward P/E Ratio52.10 P/E Growth4.44Net Income$1.02 billion Net Margins13.80% Pretax Margin14.66% Return on Equity10.16% Return on Assets6.09% Debt Debt-to-Equity Ratio0.16 Current Ratio2.04 Quick Ratio1.56 Sales & Book Value Annual Sales$7.39 billion Price / Sales3.86 Cash Flow$4.59 per share Price / Cash Flow11.34 Book Value$20.36 per share Price / Book2.56Miscellaneous Outstanding Shares547,760,000Free FloatN/AMarket Cap$28.54 billion OptionableNot Optionable Beta1.65 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.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:MXIMASE TechnologyNYSE:ASXOnsemiNASDAQ:ONMonolithic Power SystemsNASDAQ:MPWRUnited MicroelectronicsNYSE:UMCView All CompetitorsInstitutional OwnershipVanguard Group Inc.Bought 12,634 shares on 3/11/2024Ownership: 0.045%Mubadala Investment Co PJSCBought 469,501,994 shares on 3/5/2024Ownership: 85.713%Greenwood Capital Associates LLCBought 7,868 shares on 3/5/2024Ownership: 0.020%Royal London Asset Management Ltd.Bought 2,511 shares on 3/1/2024Ownership: 0.005%American International Group Inc.Bought 729 shares on 2/28/2024Ownership: 0.007%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 Sunday, March 17, 2024 at 11:46 PM. Pros Here are some ways that investors could benefit from investing in GLOBALFOUNDRIES Inc.: GLOBALFOUNDRIES stock has a market capitalization of $29.24 billion, indicating a strong position in the market. Recent acquisitions by institutional investors like Fmr LLC and Janney Montgomery Scott LLC show confidence in the company's growth potential. The company's stock price has shown resilience, with a 1 year low of $48.12 and a 1 year high of $72.37, providing potential for capital gains. GLOBALFOUNDRIES has a current ratio of 2.11 and a quick ratio of 1.56, reflecting good liquidity and ability to meet short-term obligations. The company's PE ratio of 29.53 and P/E/G ratio of 8.88 suggest a reasonable valuation and growth prospects for investors. Cons Investors should be bearish about investing in GLOBALFOUNDRIES Inc. for these reasons: The company's stock has been trading down, showing a 1.7% decrease, which may indicate short-term challenges or market sentiment. GLOBALFOUNDRIES' debt-to-equity ratio of 0.23 and 0.16 may raise concerns about the company's leverage and financial risk. The beta of 1.71 suggests the stock is relatively volatile compared to the market, potentially leading to higher fluctuations in share price. The price-to-earnings-growth ratio of 8.88 may indicate that the stock is overvalued relative to its growth prospects. While institutional ownership is significant at 14.76%, it could also lead to potential conflicts of interest or influence on company decisions. GFS Stock Analysis - Frequently Asked Questions Should I buy or sell GLOBALFOUNDRIES stock right now? 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GLOBALFOUNDRIES in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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? 11 equities research analysts have issued twelve-month target prices for GLOBALFOUNDRIES's shares. Their GFS share price targets range from $48.00 to $80.00. On average, they anticipate the company's stock price to reach $64.50 in the next year. This suggests a possible upside of 23.8% 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 stock has decreased by 14.0% and is now trading at $52.10. View the best growth stocks for 2024 here. Are investors shorting GLOBALFOUNDRIES? GLOBALFOUNDRIES saw a increase in short interest in February. As of February 29th, there was short interest totaling 12,550,000 shares, an increase of 13.2% from the February 14th total of 11,090,000 shares. Based on an average daily volume of 1,690,000 shares, the short-interest ratio is presently 7.4 days. Currently, 15.9% 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, May 14th 2024. View our GFS earnings forecast. How were GLOBALFOUNDRIES's earnings last quarter? GLOBALFOUNDRIES Inc. (NASDAQ:GFS) posted its quarterly earnings data on Tuesday, February, 13th. The company reported $0.64 earnings per share (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 analyst estimates of $1.85 billion. GLOBALFOUNDRIES had a trailing twelve-month return on equity of 10.16% and a net margin of 13.80%. GLOBALFOUNDRIES's revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter 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 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 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 EPS 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? (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 variety of institutional and retail investors. Top institutional investors include Mubadala Investment Co PJSC (85.71%), First Trust Advisors LP (0.41%), Kodai Capital Management LP (0.20%), Mirae Asset Global Investments Co. Ltd. (0.18%), International Assets Investment Management LLC (0.10%) and Barclays PLC (0.09%). 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 3/19/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial Metals8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressLike Tiny Crypto Retirement FundsCrypto 101 MediaThe AI Bottleneck No One is Talking AboutThe Bull ReportMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceDid you make $29,000 two days with AI options trades?Prosper Trading AcademyThe world’s greatest investmentPorter & CompanyForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill Publishing Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding GLOBALFOUNDRIES Inc. 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