GlobalFoundries Inc. (NASDAQ:GFS) Receives $74.32 Consensus Target Price from Analysts

GlobalFoundries Inc. (NASDAQ:GFS) has earned an average rating of “Hold” from the twenty research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $74.3158.

Several analysts recently issued reports on the company. Morgan Stanley restated a “negative” rating and issued a $60.00 price target on shares of GlobalFoundries in a research note on Thursday, August 6th. Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a research report on Wednesday, August 5th. Evercore reissued an “outperform” rating and set a $85.00 target price on shares of GlobalFoundries in a report on Tuesday, May 19th. Stifel Nicolaus assumed coverage on shares of GlobalFoundries in a research report on Tuesday, September 1st. They issued a “buy” rating and a $60.00 target price for the company. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of GlobalFoundries in a research note on Tuesday, September 8th.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $46.95 on Monday. GlobalFoundries has a 52 week low of $31.59 and a 52 week high of $92.55. The company has a market capitalization of $25.76 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 1.49 and a beta of 1.78. The company has a 50-day simple moving average of $52.49 and a 200 day simple moving average of $59.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48.

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

GlobalFoundries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. GlobalFoundries’s payout ratio is currently 37.50%.

Insider Buying and Selling at GlobalFoundries

In other news, insider Samak L. Azar sold 335 shares of GlobalFoundries stock in a transaction that occurred 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 completion of the sale, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of GlobalFoundries stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $58.22, for a total transaction of $232,880.00. Following the completion of the sale, the director 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. 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. Over the last 90 days, insiders sold 19,945 shares of company stock worth $1,212,582.

Hedge Funds Weigh In On GlobalFoundries

A number of hedge funds have recently added to or reduced their stakes in GFS. Royal Bank of Canada lifted its position in shares of GlobalFoundries by 4.4% during the 1st quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock valued at $575,000 after acquiring an additional 660 shares during the period. AQR Capital Management LLC lifted its position in GlobalFoundries by 77.6% during the first quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock worth $3,679,000 after purchasing an additional 44,599 shares during the period. Jones Financial Companies Lllp grew its stake in GlobalFoundries by 7,120.1% during the first quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock worth $450,000 after buying an additional 12,033 shares in the last quarter. American Century Companies Inc. grew its stake in GlobalFoundries by 3.4% during the second quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock worth $1,055,000 after buying an additional 903 shares in the last quarter. Finally, M&T Bank Corp bought a new position in GlobalFoundries in the 2nd quarter valued at about $269,000.

About GlobalFoundries

GlobalFoundries Inc (NASDAQ:GFS) is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.

The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.