GlobalFoundries (NASDAQ:GFS) Reaches New 1-Year High – What’s Next?

GlobalFoundries Inc. (NASDAQ:GFS)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $51.01 and last traded at $50.41, with a volume of 1990431 shares traded. The stock had previously closed at $48.31.

Analyst Ratings Changes

GFS has been the subject of several recent analyst reports. Weiss Ratings upgraded GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Zacks Research upgraded GlobalFoundries from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Dbs Bank downgraded GlobalFoundries from a “moderate buy” rating to a “hold” rating in a report on Friday, February 13th. Needham & Company LLC increased their price target on GlobalFoundries from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Susquehanna restated a “neutral” rating and issued a $50.00 price target on shares of GlobalFoundries in a report on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $46.13.

GlobalFoundries Stock Up 8.7%

The company has a debt-to-equity ratio of 0.13, a current ratio of 2.62 and a quick ratio of 1.95. The company has a market capitalization of $30.46 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 1.99 and a beta of 1.46. The firm has a 50-day moving average price of $46.15 and a two-hundred day moving average price of $40.38.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.08. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.80 billion. GlobalFoundries had a return on equity of 6.86% and a net margin of 13.05%.GlobalFoundries’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. As a group, sell-side analysts anticipate that GlobalFoundries Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael James Hogan sold 1,800 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $48.31, for a total transaction of $86,958.00. Following the completion of the transaction, the insider directly owned 18,995 shares of the company’s stock, valued at approximately $917,648.45. This represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,900 shares of company stock worth $311,955 over the last ninety days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Rafferty Asset Management LLC boosted its position in GlobalFoundries by 18.4% during the third quarter. Rafferty Asset Management LLC now owns 372,122 shares of the company’s stock valued at $13,337,000 after purchasing an additional 57,774 shares during the last quarter. CWM LLC lifted its position in shares of GlobalFoundries by 973.6% in the third quarter. CWM LLC now owns 50,943 shares of the company’s stock valued at $1,826,000 after buying an additional 46,198 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of GlobalFoundries by 997.6% in the third quarter. SG Americas Securities LLC now owns 88,717 shares of the company’s stock valued at $3,180,000 after buying an additional 80,634 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of GlobalFoundries in the third quarter valued at approximately $3,308,000. Finally, First Trust Advisors LP lifted its position in shares of GlobalFoundries by 15.2% in the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock valued at $95,315,000 after buying an additional 350,743 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.