GlobalFoundries (NASDAQ:GFS) Stock Price Target Lowered at Needham & Company LLC

GlobalFoundries (NASDAQ:GFS) had its price objective reduced by equities researchers at Needham & Company LLC from $80.00 to $55.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC‘s price objective suggests a potential upside of 36.36% from the company’s current price.

GFS has been the topic of a number of other research reports. Wedbush reaffirmed a “neutral” rating and issued a $72.00 price objective on shares of GlobalFoundries in a report on Thursday, October 15th. Jefferies Financial Group set a $60.00 price target on GlobalFoundries in a report on Wednesday, August 5th. Cantor Fitzgerald reissued an “overweight” rating on shares of GlobalFoundries in a report on Thursday, October 15th. BNP Paribas Exane downgraded GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research note on Monday, October 5th. Finally, Morgan Stanley dropped their price target on GlobalFoundries from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $74.26.

GlobalFoundries Stock Down 6.0%

Shares of GFS stock traded down $2.56 during trading on Wednesday, reaching $40.33. The company’s stock had a trading volume of 6,881,193 shares, compared to its average volume of 4,416,933. GlobalFoundries has a 1-year low of $32.02 and a 1-year high of $92.55. The company has a market capitalization of $22.13 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 1.33 and a beta of 1.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. The stock’s 50-day moving average price is $46.29 and its 200 day moving average price is $54.93.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, research analysts anticipate that GlobalFoundries will post 1.48 EPS for the current year.

Insider Activity

In other news, insider Pradheepa Raman sold 2,145 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $48.83, for a total transaction of $104,740.35. Following the sale, the insider owned 2,145 shares in the company, valued at $104,740.35. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 12,925 shares of company stock worth $637,054.

Institutional Trading of GlobalFoundries

Several institutional investors and hedge funds have recently added to or reduced their stakes in GFS. Bessemer Group Inc. lifted its holdings in shares of GlobalFoundries by 8,275,141.2% during the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after buying an additional 2,813,548 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of GlobalFoundries in the third quarter valued at about $40,775,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of GlobalFoundries by 322.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company’s stock valued at $31,803,000 after acquiring an additional 545,900 shares in the last quarter. Atreides Management LP acquired a new stake in GlobalFoundries in the 1st quarter worth about $21,110,000. Finally, Bank of America Corp DE boosted its holdings in GlobalFoundries by 106.1% in the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock valued at $38,936,000 after purchasing an additional 450,722 shares during the period.

GlobalFoundries News Roundup

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: For the quarter ended September 2026, GlobalFoundries reported adjusted earnings of $0.53 per share, above the $0.51 consensus estimate, and revenue of $1.90 billion, slightly ahead of estimates. Revenue rose 12.5% year over year. GlobalFoundries Reports Third Quarter 2026 Financial Results
• Negative Sentiment: A report says Morgan Stanley lowered its expectations for GlobalFoundries, which could temper investor optimism despite the quarterly beat. The article’s headline does not specify the size or details of the change. Morgan Stanley Has Lowered Expectations for GlobalFoundries
• Negative Sentiment: A separate analysis questions whether the shares are fully valued given cash-flow concerns, potentially adding pressure on the stock. Is GlobalFoundries Fully Priced, Or Is Cash Flow Falling Short?

GlobalFoundries Company Profile

GlobalFoundries Inc (NASDAQ:GFS) is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.

GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.

The company was established in 2009 through the separation of Advanced Micro Devices’ manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.