GlobalFoundries’ (GFS) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of GlobalFoundries (NASDAQ:GFS) in a report issued on Wednesday, Marketbeat Ratings reports. Wedbush currently has a $60.00 price target on the stock. Wedbush also issued estimates for GlobalFoundries’ Q2 2025 earnings at $0.25 EPS.

A number of other research firms have also recently weighed in on GFS. Robert W. Baird lowered their price target on shares of GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Evercore ISI lowered their price target on shares of GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of GlobalFoundries from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley raised their price target on shares of GlobalFoundries from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Susquehanna lowered their price target on shares of GlobalFoundries from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.64.

GlobalFoundries Trading Up 0.8 %

GFS stock opened at $43.16 on Wednesday. The company has a market capitalization of $23.81 billion, a PE ratio of 32.21, a P/E/G ratio of 8.23 and a beta of 1.56. GlobalFoundries has a 12 month low of $35.85 and a 12 month high of $61.98. The firm’s 50-day moving average is $42.31 and its 200 day moving average is $42.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.42 and a quick ratio of 1.76.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. On average, research analysts anticipate that GlobalFoundries will post 1.22 EPS for the current year.

Hedge Funds Weigh In On GlobalFoundries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GFS. Signaturefd LLC boosted its holdings in shares of GlobalFoundries by 153.9% in the fourth quarter. Signaturefd LLC now owns 678 shares of the company’s stock valued at $29,000 after acquiring an additional 411 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of GlobalFoundries in the third quarter valued at approximately $34,000. Blue Trust Inc. boosted its holdings in shares of GlobalFoundries by 206.4% in the fourth quarter. Blue Trust Inc. now owns 1,106 shares of the company’s stock valued at $45,000 after acquiring an additional 745 shares during the period. US Bancorp DE boosted its holdings in shares of GlobalFoundries by 77.0% in the third quarter. US Bancorp DE now owns 1,218 shares of the company’s stock valued at $49,000 after acquiring an additional 530 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of GlobalFoundries in the fourth quarter valued at approximately $52,000.

GlobalFoundries Company Profile

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.