GlobalFoundries (NASDAQ:GFS) Reaches New 52-Week High – Here’s Why

GlobalFoundries Inc. (NASDAQ:GFS)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $92.55 and last traded at $89.96, with a volume of 11080659 shares trading hands. The stock had previously closed at $85.64.

Trending Headlines about GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries recently reported better-than-expected quarterly results, with EPS of $0.40 topping estimates and revenue essentially in line, while revenue still grew 3.1% year over year. Management also guided Q2 EPS at $0.25-$0.35, and the company continues to benefit from demand in specialty chips used in automotive, communications, industrial and aerospace markets.
• Positive Sentiment: The company announced a quarterly dividend of $0.12 per share, signaling continued capital returns to shareholders and a modest yield that may support the stock.
• Neutral Sentiment: Several recent articles highlight GlobalFoundries’ role in broader semiconductor and AI-related themes, including specialty-chip growth and commercial infrastructure trends, which may keep the stock on investors’ radar but do not provide a direct catalyst.
• Neutral Sentiment: Analyst sentiment remains mixed overall, with a consensus rating of Hold and an average price target below the current trading range, even as some firms such as Evercore keep an Outperform rating.
• Negative Sentiment: Recent insider selling and the announced sale of 22 million shares by Mubadala may weigh on sentiment, as they can signal supply overhang or reduced sponsor support in the near term.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Zacks Research upgraded shares of GlobalFoundries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Cantor Fitzgerald upgraded GlobalFoundries from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $50.00 to $80.00 in a research report on Monday, May 4th. Weiss Ratings upgraded shares of GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Susquehanna upped their price target on shares of GlobalFoundries to $125.00 and gave the stock a “positive” rating in a research report on Monday, May 11th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $65.00 target price on shares of GlobalFoundries in a report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, GlobalFoundries currently has a consensus rating of “Hold” and a consensus target price of $69.88.

GlobalFoundries Trading Down 0.6%

The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average price is $59.43 and its two-hundred day moving average price is $47.28. The firm has a market cap of $44.86 billion, a PE ratio of 58.01, a P/E/G ratio of 2.87 and a beta of 1.71.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, sell-side analysts forecast that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, June 24th.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $58.46, for a total value of $233,840.00. Following the transaction, the director owned 18,867 shares of the company’s stock, valued at $1,102,964.82. This trade represents a 17.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 500 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $59.66, for a total transaction of $29,830.00. Following the completion of the sale, the insider owned 16,994 shares of the company’s stock, valued at approximately $1,013,862.04. This represents a 2.86% decrease in their position. 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. Insiders have sold 17,035 shares of company stock valued at $935,699 in the last 90 days.

Institutional Inflows and Outflows

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

About GlobalFoundries

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.