GlobalFoundries (NASDAQ:GFS) Stock Rating Upgraded by BNP Paribas Exane

GlobalFoundries (NASDAQ:GFS) was upgraded by stock analysts at BNP Paribas Exane to a “hold” rating in a research note issued on Monday, Zacks reports.

A number of other brokerages also recently issued reports on GFS. UBS Group dropped their price target on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. TD Cowen decreased their price objective on shares of GlobalFoundries from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Zacks Research downgraded shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Arete Research set a $95.00 target price on shares of GlobalFoundries in a report on Wednesday, June 10th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of GlobalFoundries in a research report on Tuesday, September 8th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.63.

GlobalFoundries Trading Down 1.2%

Shares of GFS stock opened at $48.07 on Monday. GlobalFoundries has a 1-year low of $32.02 and a 1-year high of $92.55. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. The stock has a market cap of $26.38 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 1.54 and a beta of 1.77. The stock has a 50-day moving average of $47.88 and a 200-day moving average of $59.57.

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

Insider Transactions at GlobalFoundries

In related news, Director Glenda Dorchak sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $58.22, for a total value of $232,880.00. Following the transaction, the director owned 14,867 shares of the company’s stock, valued at approximately $865,556.74. This trade represents a 21.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 2,145 shares of the firm’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $48.83, for a total transaction of $104,740.35. Following the completion of the transaction, the insider directly owned 2,145 shares in the company, valued at approximately $104,740.35. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 16,255 shares of company stock worth $842,668 in the last 90 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. HBK Investments L P bought a new stake in GlobalFoundries during the second quarter worth $989,000. Sequoia Financial Advisors LLC purchased a new stake in GlobalFoundries in the 2nd quarter valued at $404,000. WINTON GROUP Ltd bought a new position in GlobalFoundries during the 2nd quarter valued at $363,000. NewEdge Advisors LLC lifted its stake in GlobalFoundries by 3,658.5% during the 2nd quarter. NewEdge Advisors LLC now owns 4,886 shares of the company’s stock valued at $403,000 after acquiring an additional 4,756 shares in the last quarter. Finally, Waverly Advisors LLC purchased a new position in GlobalFoundries during the 2nd quarter worth $222,000.

About GlobalFoundries

GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers’ designs and supporting them through process development, wafer fabrication, packaging, and related services.

Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.