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

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have received an average rating of “Hold” from the nineteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $74.6250.

A number of equities analysts have recently issued reports on the company. Needham & Company LLC upped their price objective on GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Evercore reissued an “outperform” rating and set a $85.00 price objective on shares of GlobalFoundries in a report on Tuesday, May 19th. Morgan Stanley boosted their target price on GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Susquehanna upped their target price on GlobalFoundries to $125.00 and gave the stock a “positive” rating in a research note on Monday, May 11th. Finally, UBS Group increased their price target on shares of GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th.

GlobalFoundries Stock Performance

NASDAQ GFS opened at $53.53 on Friday. GlobalFoundries has a 52-week low of $31.51 and a 52-week high of $92.55. The company has a fifty day moving average of $74.80 and a 200-day moving average of $58.08. The company has a market capitalization of $29.37 billion, a P/E ratio of 38.51, a P/E/G ratio of 1.89 and a beta of 1.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The firm’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. As a group, equities research analysts predict that GlobalFoundries will post 1.38 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, June 24th. GlobalFoundries’s payout ratio is presently 34.53%.

Insiders Place Their Bets

In related news, insider Michael James Hogan sold 500 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $70.90, for a total transaction of $35,450.00. Following the transaction, the insider owned 795 shares of the company’s stock, valued at approximately $56,365.50. This trade represents a 38.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 GlobalFoundries stock in a transaction 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 completion of the transaction, the insider owned 13,149 shares in the company, valued at approximately $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 18,080 shares of company stock valued at $1,349,680 in the last ninety days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GFS. WealthCollab LLC lifted its stake 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 acquiring an additional 614 shares during the last quarter. FNY Investment Advisers LLC bought a new position in GlobalFoundries during the 2nd quarter worth approximately $60,000. True Wealth Design LLC increased its stake in GlobalFoundries by 216.7% in the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after purchasing an additional 544 shares during the period. Parallel Advisors LLC increased its stake in GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after purchasing an additional 237 shares during the period. Finally, Covestor Ltd increased its stake in GlobalFoundries by 57.6% in the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after purchasing an additional 349 shares during the period.

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.