GlobalFoundries (NASDAQ:GFS) Hits New 1-Year High – Still a Buy?

GlobalFoundries Inc. (NASDAQ:GFS) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $48.57 and last traded at $47.1740, with a volume of 1595447 shares changing hands. The stock had previously closed at $44.22.

Analysts Set New Price Targets

Several research firms have recently weighed in on GFS. Citigroup increased their price objective on GlobalFoundries from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Wall Street Zen downgraded GlobalFoundries from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Jefferies Financial Group restated a “hold” rating and issued a $38.00 price target on shares of GlobalFoundries in a report on Monday, October 27th. Evercore ISI lifted their target price on shares of GlobalFoundries from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, November 13th. Finally, JPMorgan Chase & Co. decreased their price objective on GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.00.

GlobalFoundries Trading Up 6.8%

The firm has a 50-day moving average of $37.99 and a 200 day moving average of $36.04. The company has a current ratio of 3.03, a quick ratio of 2.24 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $26.11 billion, a price-to-earnings ratio of -525.57, a PEG ratio of 1.80 and a beta of 1.49.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). GlobalFoundries had a negative net margin of 0.65% and a positive return on equity of 6.64%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the company earned $0.41 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. GlobalFoundries has set its Q4 2025 guidance at 0.420-0.520 EPS. As a group, equities analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Institutional Investors Weigh In On GlobalFoundries

A number of institutional investors have recently added to or reduced their stakes in the company. Profund Advisors LLC boosted its stake in shares of GlobalFoundries by 0.7% in the 3rd quarter. Profund Advisors LLC now owns 45,349 shares of the company’s stock valued at $1,625,000 after purchasing an additional 299 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of GlobalFoundries by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock worth $372,000 after buying an additional 324 shares during the period. California State Teachers Retirement System raised its position in shares of GlobalFoundries by 5.7% during the 2nd quarter. California State Teachers Retirement System now owns 6,480 shares of the company’s stock valued at $248,000 after acquiring an additional 347 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in GlobalFoundries by 1.1% in the third quarter. Public Employees Retirement System of Ohio now owns 33,242 shares of the company’s stock valued at $1,191,000 after buying an additional 370 shares during the period. Finally, Clearstead Advisors LLC boosted 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 acquiring an additional 387 shares during the last quarter.

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.