GlobalFoundries Inc. (NASDAQ:GFS) Given Average Rating of “Hold” by Brokerages

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have been given an average rating of “Hold” by the sixteen ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $41.00.

A number of brokerages have weighed in on GFS. Bank of America boosted their target price on shares of GlobalFoundries from $33.00 to $37.00 and gave the stock an “underperform” rating in a research note on Thursday, December 4th. Wedbush lowered GlobalFoundries from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $42.00 to $40.00 in a research report on Wednesday, December 31st. JPMorgan Chase & Co. dropped their target price on GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. Wall Street Zen cut GlobalFoundries from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $38.00 price objective on shares of GlobalFoundries in a report on Monday, October 27th.

GlobalFoundries Stock Down 4.8%

NASDAQ GFS opened at $42.85 on Friday. The stock’s 50 day simple moving average is $37.77 and its 200 day simple moving average is $36.06. GlobalFoundries has a one year low of $29.77 and a one year high of $47.69. The firm has a market cap of $23.69 billion, a PE ratio of -476.06, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.03 and a quick ratio of 2.24.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). GlobalFoundries had a positive return on equity of 6.64% and a negative net margin of 0.65%.The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm posted $0.41 EPS. GlobalFoundries’s revenue for the quarter was down 2.9% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Institutional Trading of GlobalFoundries

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of GlobalFoundries by 4.4% in the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock worth $575,000 after purchasing an additional 660 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of GlobalFoundries by 77.6% in the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock valued at $3,679,000 after acquiring an additional 44,599 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of GlobalFoundries by 7,120.1% in the 1st quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock valued at $450,000 after acquiring an additional 12,033 shares during the period. Voya Investment Management LLC boosted its stake in GlobalFoundries by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 12,288 shares of the company’s stock worth $454,000 after acquiring an additional 346 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in GlobalFoundries by 134.1% during the second quarter. GAMMA Investing LLC now owns 1,531 shares of the company’s stock valued at $58,000 after purchasing an additional 877 shares during the period.

GlobalFoundries Company Profile

GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.