GlobalFoundries (NASDAQ:GFS – Get Free Report) had its target price dropped by equities researchers at Needham & Company LLC from $80.00 to $55.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC‘s price target suggests a potential upside of 36.36% from the stock’s previous close.
A number of other research firms have also recently commented on GFS. UBS Group cut their target price on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on GlobalFoundries in a report on Monday, August 10th. Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a research note on Wednesday, August 5th. TD Cowen reiterated a “buy” rating and issued a $75.00 price target on shares of GlobalFoundries in a research report on Thursday, October 15th. Finally, Stifel Nicolaus assumed coverage on shares of GlobalFoundries in a report on Tuesday, September 1st. They set a “buy” rating and a $60.00 price objective for the company. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, GlobalFoundries currently has an average rating of “Hold” and a consensus target price of $74.26.
View Our Latest Stock Report on GFS
GlobalFoundries Price Performance
GlobalFoundries stock traded down $2.56 during mid-day trading on Wednesday, hitting $40.33. 6,881,193 shares of the company traded hands, compared to its average volume of 4,416,933. GlobalFoundries has a one year low of $32.02 and a one year high of $92.55. The stock has a market cap of $22.13 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 1.33 and a beta of 1.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The stock has a fifty day moving average price of $46.29 and a 200-day moving average price of $54.93.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities analysts predict that GlobalFoundries will post 1.48 earnings per share for the current fiscal year.
Insider Transactions at GlobalFoundries
In other news, insider Pradheepa Raman sold 6,760 shares of GlobalFoundries stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total value of $345,571.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,925 shares of company stock worth $637,054 over the last quarter.
Institutional Trading of GlobalFoundries
A number of institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in 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 last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of GlobalFoundries during the third quarter worth $40,775,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of GlobalFoundries by 322.8% in 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 last quarter. Atreides Management LP acquired a new stake in shares of GlobalFoundries in the first quarter valued at about $21,110,000. Finally, Bank of America Corp DE lifted its stake in shares of GlobalFoundries by 106.1% in the first quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after buying an additional 450,722 shares in the last quarter.
Key GlobalFoundries News
Here are the key news stories impacting GlobalFoundries this week:
- Positive Sentiment: For the quarter ended September 2026, GlobalFoundries reported adjusted earnings of $0.53 per share, above the $0.51 consensus estimate, and revenue of $1.90 billion, slightly ahead of estimates. Revenue rose 12.5% year over year. GlobalFoundries Reports Third Quarter 2026 Financial Results
- Negative Sentiment: A report says Morgan Stanley lowered its expectations for GlobalFoundries, which could temper investor optimism despite the quarterly beat. The article’s headline does not specify the size or details of the change. Morgan Stanley Has Lowered Expectations for GlobalFoundries
- Negative Sentiment: A separate analysis questions whether the shares are fully valued given cash-flow concerns, potentially adding pressure on the stock. Is GlobalFoundries Fully Priced, Or Is Cash Flow Falling Short?
GlobalFoundries Company Profile
GlobalFoundries Inc (NASDAQ:GFS) is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.
GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.
The company was established in 2009 through the separation of Advanced Micro Devices’ manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.
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