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

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have earned an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $74.6250.

GFS has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $65.00 price target on shares of GlobalFoundries in a research report on Wednesday, May 6th. The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a research report on Tuesday, May 5th. Evercore reaffirmed an “outperform” rating and set a $85.00 target price on shares of GlobalFoundries in a research report on Tuesday, May 19th. Wedbush reiterated a “neutral” rating and issued a $50.00 price target on shares of GlobalFoundries in a research note on Monday, May 4th. Finally, Loop Capital set a $80.00 price target on GlobalFoundries in a research note on Monday, May 4th.

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries news, insider Michael James Hogan sold 500 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $70.90, for a total value of $35,450.00. Following the sale, the insider owned 795 shares in the company, valued at approximately $56,365.50. This represents a 38.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 335 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $77.36, for a total transaction of $25,915.60. Following the sale, the insider directly owned 13,149 shares in the company, valued at $1,017,206.64. The trade was a 2.48% 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. Insiders sold a total of 23,080 shares of company stock worth $1,643,350 over the last ninety days.

Institutional Trading of GlobalFoundries

A number of hedge funds have recently added to or reduced their stakes in GFS. PNC Financial Services Group Inc. increased its stake in GlobalFoundries by 8.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock worth $87,000 after buying an additional 154 shares in the last quarter. Parallel Advisors LLC increased its position in shares of GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after purchasing an additional 237 shares in the last quarter. Vident Advisory LLC increased its position in shares of GlobalFoundries by 5.0% during the fourth quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock worth $215,000 after purchasing an additional 293 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its stake in GlobalFoundries by 9.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company’s stock valued at $125,000 after purchasing an additional 305 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in GlobalFoundries by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock valued at $372,000 after purchasing an additional 324 shares during the last quarter.

GlobalFoundries Stock Down 1.3%

GlobalFoundries stock opened at $57.48 on Friday. 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 firm has a market cap of $31.54 billion, a P/E ratio of 41.35, a P/E/G ratio of 2.03 and a beta of 1.76. The business has a fifty day moving average of $76.44 and a two-hundred day moving average of $57.34. GlobalFoundries has a twelve month low of $31.51 and a twelve month high of $92.55.

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. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, analysts forecast that GlobalFoundries will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th were given a $0.12 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. GlobalFoundries’s dividend payout ratio is currently 34.53%.

About GlobalFoundries

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.