GlobalFoundries (NASDAQ:GFS) Price Target Raised to $70.00

GlobalFoundries (NASDAQ:GFS) had its target price lifted by JPMorgan Chase & Co. from $45.00 to $70.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also recently commented on the stock. Morgan Stanley upped their price target on shares of GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday. Susquehanna raised shares of GlobalFoundries from a “neutral” rating to a “positive” rating and boosted their target price for the company from $50.00 to $100.00 in a report on Wednesday. Weiss Ratings upgraded GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $70.00 price target on shares of GlobalFoundries in a report on Tuesday. Finally, Wedbush reiterated a “neutral” rating and issued a $50.00 price target on shares of GlobalFoundries in a research report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, GlobalFoundries presently has a consensus rating of “Hold” and a consensus target price of $66.06.

GlobalFoundries Trading Up 4.5%

Shares of GFS opened at $74.12 on Wednesday. The business has a 50-day moving average of $50.25 and a 200 day moving average of $42.88. GlobalFoundries has a fifty-two week low of $31.51 and a fifty-two week high of $76.37. The firm has a market cap of $41.24 billion, a P/E ratio of 53.32, a price-to-earnings-growth ratio of 2.77 and a beta of 1.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.59.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, research analysts forecast that GlobalFoundries will post 1.38 EPS for the current year.

GlobalFoundries Dividend Announcement

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

Insider Activity

In related news, insider Michael James Hogan sold 2,300 shares of GlobalFoundries stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $60.69, for a total transaction of $139,587.00. Following the completion of the sale, the insider owned 16,045 shares of the company’s stock, valued at approximately $973,771.05. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 500 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $63.00, for a total value of $31,500.00. Following the transaction, the insider owned 16,494 shares of the company’s stock, valued at approximately $1,039,122. The trade was a 2.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 15,700 shares of company stock worth $836,067 in the last three months.

Institutional Trading of GlobalFoundries

Large investors have recently modified their holdings of the business. Invesco Ltd. increased its position in shares of GlobalFoundries by 7.9% in the third quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock worth $106,172,000 after purchasing an additional 217,866 shares during the last quarter. AQR Capital Management LLC lifted its position in GlobalFoundries by 9.9% during the fourth quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock valued at $100,047,000 after purchasing an additional 257,254 shares during the last quarter. Bessemer Group Inc. grew its stake in GlobalFoundries by 8,275,141.2% in the 1st 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. First Trust Advisors LP increased its holdings in shares of GlobalFoundries by 15.2% in the 3rd quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock worth $95,315,000 after buying an additional 350,743 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of GlobalFoundries by 126.0% in the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after buying an additional 1,328,129 shares during the last quarter.

GlobalFoundries News Roundup

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries announced its first-ever quarterly dividend and a plan to return up to 50% of adjusted free cash flow to shareholders, signaling a stronger commitment to capital returns. GlobeNewswire Release
• Positive Sentiment: The company highlighted long-term growth opportunities in AI data centers and other AI-driven markets, reinforcing a growth narrative that investors have been rewarding. QuiverQuant Summary
• Positive Sentiment: Susquehanna upgraded GFS to positive, and other analysts raised price targets, adding momentum to the stock. Susquehanna Upgrade
• Neutral Sentiment: An insider sold 500 shares under a Rule 10b5-1 plan; the transaction is routine and not necessarily a bearish signal. SEC Form 4
• Negative Sentiment: Management’s forward-looking language highlighted geopolitical, trade, and execution risks, which could pressure shares if growth or cash-flow goals are not met. QuiverQuant Risk Discussion

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.