GlobalFoundries Inc. (NASDAQ:GFS) Receives Consensus Recommendation of “Hold” from Brokerages

GlobalFoundries Inc. (NASDAQ:GFS) has received a consensus rating of “Hold” from the sixteen research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $40.3571.

GFS has been the subject of several research analyst reports. BNP Paribas Exane assumed coverage on GlobalFoundries in a research note on Friday, October 24th. They set an “outperform” rating and a $45.00 price objective for the company. Citigroup decreased their target price on GlobalFoundries from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Evercore ISI lifted their price target on GlobalFoundries from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. Weiss Ratings reissued a “sell (d)” rating on shares of GlobalFoundries in a report on Wednesday, October 8th. Finally, Wedbush upped their price objective on shares of GlobalFoundries from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, November 13th.

Institutional Trading of GlobalFoundries

Several institutional investors and hedge funds have recently made changes to their positions in GFS. Invesco Ltd. lifted its holdings in shares of GlobalFoundries by 7.9% during the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock worth $106,172,000 after acquiring an additional 217,866 shares during the last quarter. First Trust Advisors LP increased its stake in GlobalFoundries by 15.2% in the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock valued at $95,315,000 after acquiring an additional 350,743 shares during the last quarter. AQR Capital Management LLC raised its position in GlobalFoundries by 168.2% during the third quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock valued at $93,463,000 after purchasing an additional 1,635,338 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in GlobalFoundries by 5.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 2,274,261 shares of the company’s stock worth $81,510,000 after purchasing an additional 124,812 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of GlobalFoundries by 0.6% in the 3rd quarter. Pacer Advisors Inc. now owns 1,874,440 shares of the company’s stock worth $67,180,000 after purchasing an additional 11,648 shares in the last quarter.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS opened at $38.95 on Friday. The company has a 50 day moving average of $35.03 and a 200 day moving average of $35.85. The company has a current ratio of 3.03, a quick ratio of 2.24 and a debt-to-equity ratio of 0.13. The stock has a market cap of $21.54 billion, a P/E ratio of -432.73, a P/E/G ratio of 1.56 and a beta of 1.49. GlobalFoundries has a 12 month low of $29.77 and a 12 month high of $47.69.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. GlobalFoundries had a negative net margin of 0.65% and a positive return on equity of 6.64%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share. GlobalFoundries has set its Q4 2025 guidance at 0.420-0.520 EPS. As a group, sell-side analysts forecast that GlobalFoundries will post 1.31 EPS for the current fiscal year.

GlobalFoundries Company Profile

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.