GlobalFoundries Inc. (NASDAQ:GFS) Receives Average Rating of “Hold” from Analysts

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have been given a consensus rating of “Hold” by the twenty brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $69.8824.

Several research firms have commented on GFS. Jefferies Financial Group reissued a “hold” rating and set a $65.00 price target on shares of GlobalFoundries in a research report on Wednesday, May 6th. Loop Capital set a $80.00 price target on shares of GlobalFoundries in a research report on Monday, May 4th. The Goldman Sachs Group reissued a “neutral” rating and set a $70.00 price target on shares of GlobalFoundries in a research report on Tuesday, May 5th. Robert W. Baird set a $100.00 price target on shares of GlobalFoundries in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald raised shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and increased their price target for the company from $50.00 to $80.00 in a research report on Monday, May 4th.

GlobalFoundries Stock Down 0.8%

NASDAQ:GFS opened at $79.97 on Friday. GlobalFoundries has a 1-year low of $31.51 and a 1-year high of $92.55. The company has a 50-day moving average of $60.18 and a 200 day moving average of $47.51. The firm has a market cap of $44.50 billion, a PE ratio of 57.53, a price-to-earnings-growth ratio of 2.85 and a beta of 1.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, research analysts anticipate that GlobalFoundries will post 1.38 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, June 24th.

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries news, insider Michael James Hogan sold 2,800 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $82.88, for a total transaction of $232,064.00. Following the completion of the sale, the insider directly owned 9,645 shares of the company’s stock, valued at approximately $799,377.60. This represents a 22.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $58.46, for a total transaction of $233,840.00. Following the completion of the transaction, the director directly owned 18,867 shares of the company’s stock, valued at $1,102,964.82. The trade was a 17.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 19,835 shares of company stock valued at $1,167,763.

Hedge Funds Weigh In On GlobalFoundries

Several hedge funds and other institutional investors have recently modified their holdings of GFS. WealthCollab LLC raised its position in shares of GlobalFoundries by 674.7% in the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after purchasing an additional 614 shares during the last quarter. True Wealth Design LLC raised its position in shares of GlobalFoundries by 216.7% in the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after purchasing an additional 544 shares during the last quarter. Clearstead Advisors LLC raised its position in shares of GlobalFoundries by 91.9% in the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after purchasing an additional 387 shares during the last quarter. Covestor Ltd raised its position in shares of GlobalFoundries by 57.6% in the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after purchasing an additional 349 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of GlobalFoundries in the 4th quarter valued at approximately $35,000.

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.