GlobalFoundries’ (GFS) “Neutral” Rating Reiterated at Wedbush

Wedbush reaffirmed their neutral rating on shares of GlobalFoundries (NASDAQ:GFS) in a report issued on Thursday morning,Benzinga reports. The firm currently has a $72.00 price target on the stock.

A number of other equities analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft set a $75.00 target price on GlobalFoundries in a research note on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research report on Wednesday, August 26th. Jefferies Financial Group set a $60.00 target price on shares of GlobalFoundries in a report on Wednesday, August 5th. Morgan Stanley reissued a “negative” rating and set a $60.00 price objective on shares of GlobalFoundries in a report on Thursday, August 6th. Finally, Robert W. Baird set a $140.00 price target on shares of GlobalFoundries in a research note on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and an average price target of $75.79.

GlobalFoundries Stock Performance

GFS opened at $46.68 on Thursday. The business’s 50-day moving average price is $47.51 and its two-hundred day moving average price is $59.65. GlobalFoundries has a 1 year low of $32.02 and a 1 year high of $92.55. The company has a market capitalization of $25.61 billion, a price-to-earnings ratio of 36.47, a P/E/G ratio of 1.48 and a beta of 1.77. 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 (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. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Equities analysts expect that GlobalFoundries will post 1.48 EPS for the current fiscal year.

Insider Buying and Selling

In other GlobalFoundries news, insider Pradheepa Raman sold 2,145 shares of the business’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $48.83, for a total value of $104,740.35. Following the transaction, the insider owned 2,145 shares of the company’s stock, valued at approximately $104,740.35. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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. Also, Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $58.22, for a total value of $232,880.00. Following the completion of the transaction, the director owned 14,867 shares of the company’s stock, valued at $865,556.74. This trade represents a 21.20% 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. Insiders have sold 16,925 shares of company stock valued at $874,765 over the last ninety days.

Institutional Investors Weigh In On GlobalFoundries

Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. raised its stake in shares of GlobalFoundries by 8,275,141.2% during 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 during the period. Dimensional Fund Advisors LP grew its position in GlobalFoundries by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company’s stock valued at $59,571,000 after buying an additional 31,590 shares during the period. Bank of America Corp DE grew its position in GlobalFoundries by 106.1% during the first quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock valued at $38,936,000 after buying an additional 450,722 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in GlobalFoundries by 322.8% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company’s stock valued at $31,803,000 after buying an additional 545,900 shares during the period. Finally, Atreides Management LP purchased a new stake in GlobalFoundries during the first quarter worth about $21,110,000.

GlobalFoundries News Roundup

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries will build two chip fabs in Malta, New York, with up to $21 billion in Japanese funding. The company is expected to operate the facilities without bearing the full construction cost, potentially improving the economics of future capacity expansion. Apple, General Motors, Cirrus Logic and Renesas are reportedly lined up as customers ahead of a planned 2029 start. GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
• Positive Sentiment: The Trump administration plans to increase its equity stake in GlobalFoundries from 3% to 7%, strengthening government support and aligning the company with U.S. semiconductor manufacturing and supply-chain priorities. Trump administration doubles its equity stake in GlobalFoundries
• Positive Sentiment: Samsung may add GlobalFoundries as a display-chip supplier to address Galaxy phone production issues, offering a potential near-term customer and revenue opportunity. Samsung may add GlobalFoundries as display chip supplier
• Positive Sentiment: TD Cowen reaffirmed its “buy” rating with a $75 price target, while Wedbush maintained a $72 target, indicating substantial upside in both analysts’ estimates. GlobalFoundries analyst ratings
• Neutral Sentiment: The stock’s retreat follows a sharp advance triggered by the U.S.-Japan manufacturing announcement. Investors appear to be reassessing the deal’s benefits rather than treating it as an immediate earnings catalyst. GlobalFoundries shares retreat as investors weigh US-Japan manufacturing deal
• Negative Sentiment: The new fabs are not expected to begin operating until 2029, leaving substantial construction, customer-ramp and execution risk before the investment can materially affect results. The market’s reaction indicates some investors are focused on this long lead time and the uncertainty surrounding the expanded government involvement. GlobalFoundries falls after Trump administration doubles its equity stake

GlobalFoundries Company Profile

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.