GlobalFoundries Inc. (NASDAQ:GFS) Stock Has Average Target Price of $74.32

GlobalFoundries Inc. (NASDAQ:GFS) has been given a consensus rating of “Hold” by the twenty brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $74.32.

Several equities research analysts recently commented on the company. Stifel Nicolaus initiated coverage on GlobalFoundries in a report on Tuesday, September 1st. They set a “buy” rating and a $60.00 target price on the stock. Cantor Fitzgerald restated an “overweight” rating on shares of GlobalFoundries in a report on Tuesday, September 8th. UBS Group lowered their price objective on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Morgan Stanley reissued a “negative” rating and set a $60.00 target price on shares of GlobalFoundries in a research report on Thursday, August 6th. Finally, TD Cowen decreased their target price on shares of GlobalFoundries from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, August 6th.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $50.17 on Friday. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. The company has a market cap of $27.53 billion, a PE ratio of 39.20, a P/E/G ratio of 1.59 and a beta of 1.77. The company’s fifty day simple moving average is $47.96 and its 200-day simple moving average is $59.46. GlobalFoundries has a 52 week low of $32.02 and a 52 week high of $92.55.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the company earned $0.42 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, equities research analysts anticipate that GlobalFoundries will post 1.48 EPS for the current year.

GlobalFoundries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a yield of 1.0%. GlobalFoundries’s payout ratio is 37.50%.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 4,000 shares of GlobalFoundries stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $58.22, for a total transaction of $232,880.00. Following the sale, the director directly owned 14,867 shares of the company’s stock, valued at approximately $865,556.74. The trade was a 21.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 6,760 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $51.12, for a total value of $345,571.20. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 19,290 shares of company stock worth $1,046,850 in the last quarter.

Institutional Investors Weigh In On GlobalFoundries

A number of hedge funds have recently bought and sold shares of GFS. Bessemer Group Inc. raised its holdings in GlobalFoundries by 8,275,141.2% in the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after acquiring an additional 2,813,548 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of GlobalFoundries by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company’s stock worth $59,571,000 after purchasing an additional 31,590 shares during the last quarter. Bank of America Corp DE raised its stake in shares of 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in GlobalFoundries by 322.8% during 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 buying an additional 545,900 shares in the last quarter. Finally, Atreides Management LP bought a new position in GlobalFoundries during the 1st quarter worth approximately $21,110,000.

GlobalFoundries Company Profile

GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers’ designs and supporting them through process development, wafer fabrication, packaging, and related services.

Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.