Analysts Set GlobalFoundries Inc. (NASDAQ:GFS) Target Price at $75.11

GlobalFoundries Inc. (NASDAQ:GFS) has received a consensus rating of “Hold” from the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $75.1111.

Several brokerages have recently weighed in on GFS. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a report on Friday, May 29th. Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a research report on Wednesday, August 5th. Citigroup lifted their target price on shares of GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. TD Cowen dropped their target price on shares of GlobalFoundries from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Morgan Stanley reiterated a “negative” rating and set a $60.00 price target on shares of GlobalFoundries in a report on Thursday, August 6th.

Insider Buying and Selling at GlobalFoundries

In other news, insider Michael James Hogan sold 500 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $70.90, for a total transaction of $35,450.00. Following the transaction, the insider directly owned 795 shares of the company’s stock, valued at $56,365.50. This represents a 38.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 on Thursday, July 2nd. The shares were sold at an average price of $77.36, for a total value of $25,915.60. Following the transaction, the insider directly owned 13,149 shares in the company, valued at approximately $1,017,206.64. The trade was a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 18,450 shares of company stock worth $1,328,545.

Hedge Funds Weigh In On GlobalFoundries

Hedge funds have recently bought and sold shares of the business. WealthCollab LLC boosted its holdings in shares of GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after acquiring an additional 614 shares during the last quarter. Covestor Ltd raised its holdings in shares of GlobalFoundries by 57.6% during the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after purchasing an additional 349 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of GlobalFoundries during the fourth quarter valued at approximately $35,000. Strategic Advocates LLC lifted its position in GlobalFoundries by 95.1% during the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the period. Finally, Parallel Advisors LLC lifted its position in GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after purchasing an additional 237 shares during the period.

GlobalFoundries Trading Down 2.6%

NASDAQ:GFS opened at $48.58 on Thursday. The firm has a market capitalization of $26.66 billion, a P/E ratio of 37.95, a PEG ratio of 1.25 and a beta of 1.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. GlobalFoundries has a one year low of $31.59 and a one year high of $92.55. The company’s 50-day simple moving average is $64.61 and its 200 day simple moving average is $59.32.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, beating 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 business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The business’s revenue for the quarter 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, analysts forecast that GlobalFoundries will post 1.48 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be given a $0.12 dividend. 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 dividend payout ratio is 37.50%.

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.