GlobalFoundries (NASDAQ:GFS) Stock Rating Upgraded by Arete Research

GlobalFoundries (NASDAQ:GFS) was upgraded by stock analysts at Arete Research from a “neutral” rating to a “buy” rating in a report issued on Wednesday, MarketBeat reports.

A number of other research analysts have also commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of GlobalFoundries from $45.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group restated a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a research note on Tuesday, May 5th. Robert W. Baird set a $100.00 price objective on shares of GlobalFoundries in a research note on Wednesday, May 6th. UBS Group lifted their price objective on shares of GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Dbs Bank lowered shares of GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 13th. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.29.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS opened at $75.26 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87. The firm has a market capitalization of $41.88 billion, a P/E ratio of 54.14, a P/E/G ratio of 2.73 and a beta of 1.77. GlobalFoundries has a 12 month low of $31.51 and a 12 month high of $92.55. The company’s fifty day moving average price is $65.23 and its 200 day moving average price is $49.92.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. GlobalFoundries’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, sell-side analysts predict that GlobalFoundries will post 1.38 earnings per share for the current fiscal year.

Insider Transactions at GlobalFoundries

In other GlobalFoundries news, Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $58.46, for a total transaction of $233,840.00. Following the transaction, the director directly owned 18,867 shares in the company, valued at approximately $1,102,964.82. This represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,800 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $82.88, for a total transaction of $232,064.00. Following the transaction, the insider owned 9,645 shares in the company, valued at $799,377.60. The trade was a 22.50% 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. Insiders have sold a total of 20,505 shares of company stock worth $1,222,334 over the last ninety days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GFS. Bessemer Group Inc. grew its position in GlobalFoundries by 8,275,141.2% during the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after buying an additional 2,813,548 shares during the period. HRT Financial LP acquired a new position in GlobalFoundries during the fourth quarter worth about $62,996,000. AQR Capital Management LLC grew its position in GlobalFoundries by 168.2% during the third quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock worth $93,463,000 after buying an additional 1,635,338 shares during the period. Marshall Wace LLP grew its position in GlobalFoundries by 126.0% during the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after buying an additional 1,328,129 shares during the period. Finally, UBS Group AG grew its position in GlobalFoundries by 136.7% during the fourth quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock worth $63,178,000 after buying an additional 1,044,755 shares during the period.

GlobalFoundries Company Profile

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.