FY2025 EPS Forecast for GlobalFoundries Lifted by Analyst

GlobalFoundries Inc. (NASDAQ:GFS) – Cantor Fitzgerald upped their FY2025 earnings per share estimates for shares of GlobalFoundries in a report released on Thursday, November 13th. Cantor Fitzgerald analyst C. Muse now expects that the company will post earnings per share of $1.38 for the year, up from their previous estimate of $1.37. The consensus estimate for GlobalFoundries’ current full-year earnings is $1.31 per share. Cantor Fitzgerald also issued estimates for GlobalFoundries’ FY2026 earnings at $1.44 EPS.

GFS has been the topic of several other research reports. Arete Research set a $37.00 price target on shares of GlobalFoundries in a research note on Wednesday, August 27th. Evercore ISI lifted their price objective on GlobalFoundries from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup reduced their price objective on shares of GlobalFoundries from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday. Morgan Stanley reduced their price objective on GlobalFoundries from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of GlobalFoundries in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.21.

GlobalFoundries Stock Up 1.0%

Shares of GFS stock opened at $33.05 on Monday. The stock has a market cap of $18.27 billion, a P/E ratio of -367.18, a PEG ratio of 1.37 and a beta of 1.49. The company’s fifty day simple moving average is $34.29 and its two-hundred day simple moving average is $36.06. The company has a quick ratio of 2.24, a current ratio of 3.03 and a debt-to-equity ratio of 0.13. GlobalFoundries has a 52 week low of $29.77 and a 52 week high of $47.69.

Institutional Trading of GlobalFoundries

A number of large investors have recently bought and sold shares of GFS. Sumitomo Mitsui Trust Group Inc. grew its holdings in GlobalFoundries by 4.8% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,288 shares of the company’s stock worth $5,053,000 after acquiring an additional 6,022 shares during the period. 111 Capital purchased a new position in GlobalFoundries in the 2nd quarter worth approximately $343,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of GlobalFoundries by 20.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,100 shares of the company’s stock worth $615,000 after acquiring an additional 2,753 shares during the last quarter. Signaturefd LLC raised its position in GlobalFoundries by 51.3% in the first quarter. Signaturefd LLC now owns 1,026 shares of the company’s stock valued at $38,000 after purchasing an additional 348 shares during the period. Finally, Strs Ohio acquired a new position in shares of GlobalFoundries in the 1st quarter worth approximately $1,164,000.

About GlobalFoundries

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.