GlobalFoundries Inc. (NASDAQ:GFS) Receives $69.88 Average Price Target from Brokerages

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have received an average recommendation of “Hold” from the twenty ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $69.8824.

A number of brokerages recently commented on GFS. Evercore reiterated an “outperform” rating and issued a $85.00 target price on shares of GlobalFoundries in a research report on Tuesday, May 19th. TD Cowen reiterated a “buy” rating on shares of GlobalFoundries in a research report on Thursday, February 12th. UBS Group upped their target price on GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald upgraded GlobalFoundries from a “neutral” rating to an “overweight” rating and upped their target price for the company from $50.00 to $80.00 in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. upped their target price on GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th.

Insider Buying and Selling

In other GlobalFoundries news, insider Michael James Hogan sold 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $82.88, for a total value of $232,064.00. Following the sale, the insider owned 9,645 shares in the company, valued at approximately $799,377.60. This represents a 22.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 335 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $80.90, for a total value of $27,101.50. Following the completion of the sale, the insider owned 14,824 shares in the company, valued at approximately $1,199,261.60. This represents a 2.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 20,170 shares of company stock worth $1,194,864.

Institutional Investors Weigh In On GlobalFoundries

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. boosted its position in GlobalFoundries by 7.9% in the 3rd 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 in the last quarter. AQR Capital Management LLC boosted its position in GlobalFoundries by 9.9% in the 4th quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after purchasing an additional 257,254 shares in the last quarter. Bessemer Group Inc. boosted its position 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 purchasing an additional 2,813,548 shares in the last quarter. First Trust Advisors LP boosted its position in 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 purchasing an additional 350,743 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in 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 purchasing an additional 1,328,129 shares in the last quarter.

GlobalFoundries Stock Performance

GFS opened at $75.53 on Friday. GlobalFoundries has a 52-week low of $31.51 and a 52-week high of $92.55. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The company has a market cap of $42.03 billion, a P/E ratio of 54.34, a price-to-earnings-growth ratio of 2.99 and a beta of 1.77. The firm’s 50-day moving average price is $63.93 and its 200-day moving average price is $49.20.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.GlobalFoundries’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter 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, equities analysts anticipate that GlobalFoundries will post 1.38 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

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

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.