GlobalFoundries Inc. (NASDAQ:GFS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have received an average rating of “Hold” from the twenty analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $73.2941.

A number of brokerages have recently commented on GFS. Loop Capital set a $80.00 target price on shares of GlobalFoundries in a research note on Monday, May 4th. The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 target price on shares of GlobalFoundries in a research note on Tuesday, May 5th. UBS Group raised their target price on shares of GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Susquehanna raised their target price on shares of GlobalFoundries to $125.00 and gave the company a “positive” rating in a research note on Monday, May 11th. Finally, Cantor Fitzgerald raised shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and raised their target price for the company from $50.00 to $80.00 in a research note on Monday, May 4th.

Insider Activity

In other news, Director Glenda Dorchak sold 4,000 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $58.46, for a total value of $233,840.00. Following the transaction, the director owned 18,867 shares of the company’s stock, valued at approximately $1,102,964.82. This trade represents a 17.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 500 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $74.82, for a total transaction of $37,410.00. Following the completion of the transaction, the insider directly owned 15,494 shares in the company, valued at approximately $1,159,261.08. This represents a 3.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 21,675 shares of company stock valued at $1,387,882.

Hedge Funds Weigh In On GlobalFoundries

A number of hedge funds have recently made changes to their positions in GFS. WealthCollab LLC increased its stake in GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after buying an additional 614 shares during the period. True Wealth Design LLC increased its stake in GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after buying an additional 544 shares during the period. Clearstead Advisors LLC increased its stake in GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after buying an additional 387 shares during the period. Covestor Ltd increased its stake in GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after buying an additional 349 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new stake in GlobalFoundries during the 4th quarter worth $35,000.

GlobalFoundries Stock Performance

NASDAQ:GFS opened at $83.39 on Wednesday. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The company has a market cap of $45.76 billion, a P/E ratio of 59.99, a P/E/G ratio of 3.17 and a beta of 1.77. GlobalFoundries has a fifty-two week low of $31.51 and a fifty-two week high of $92.55. The firm’s 50 day moving average is $72.75 and its two-hundred day moving average is $53.26.

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

GlobalFoundries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, June 24th.

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.