GlobalFoundries (NASDAQ:GFS) Downgraded by Zacks Research to “Hold”

GlobalFoundries (NASDAQ:GFS) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also issued reports on GFS. Loop Capital set a $80.00 price target on shares of GlobalFoundries in a research report on Monday, May 4th. Susquehanna upped their price objective on GlobalFoundries to $125.00 and gave the company a “positive” rating in a research note on Monday, May 11th. Needham & Company LLC increased their target price on GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GlobalFoundries in a research note on Friday, May 29th. Finally, Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a research note on Wednesday. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $73.81.

GlobalFoundries Trading Down 4.9%

Shares of GlobalFoundries stock opened at $49.46 on Tuesday. The firm has a market capitalization of $27.14 billion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 1.84 and a beta of 1.80. 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 company’s fifty day moving average price is $70.24 and its two-hundred day moving average price is $58.78. GlobalFoundries has a 52-week low of $31.51 and a 52-week high of $92.55.

GlobalFoundries (NASDAQ:GFS) last released 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 net margin of 11.40% and a return on equity of 6.85%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, analysts expect that GlobalFoundries will post 1.38 EPS for the current year.

Insider Activity at GlobalFoundries

In other GlobalFoundries news, insider Samak L. Azar sold 335 shares of GlobalFoundries stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $77.36, for a total value of $25,915.60. Following the completion of the transaction, the insider owned 13,149 shares in the company, valued at approximately $1,017,206.64. The trade was a 2.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $58.22, for a total value of $232,880.00. Following the sale, the director owned 14,867 shares in the company, valued at $865,556.74. The trade was a 21.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,950 shares of company stock valued at $1,375,905 in the last three months.

Institutional Investors Weigh In On GlobalFoundries

Several institutional investors have recently modified their holdings of the business. Invesco Ltd. raised its holdings in GlobalFoundries by 7.9% during the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock worth $106,172,000 after buying an additional 217,866 shares during the period. AQR Capital Management LLC boosted its position in GlobalFoundries by 9.9% during the fourth quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after purchasing an additional 257,254 shares during the period. Bessemer Group Inc. boosted its holdings in shares of 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 acquiring an additional 2,813,548 shares during the period. Marshall Wace LLP boosted its stake in GlobalFoundries by 126.0% in the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock valued at $83,180,000 after purchasing an additional 1,328,129 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in GlobalFoundries by 55.4% in the 4th quarter. Squarepoint Ops LLC now owns 2,021,035 shares of the company’s stock valued at $70,575,000 after buying an additional 720,846 shares in the last quarter.

Trending Headlines about GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries reported second-quarter earnings of $0.46 per share versus the $0.43 consensus estimate, while revenue of $1.79 billion exceeded expectations of $1.77 billion and increased 5.8% year over year. GlobalFoundries tops second quarter estimates on AI chip demand
• Positive Sentiment: Management cited growing demand for chips used in data centers, supported by artificial-intelligence infrastructure, as a key contributor to the quarter’s performance. The company indicated that its AI data-center opportunity remains in the “early innings,” suggesting potential for longer-term growth. GlobalFoundries says AI data center business is still in the early innings
• Positive Sentiment: GlobalFoundries declared a quarterly dividend of $0.12 per share, payable October 9 to shareholders of record September 23. The payment implies a $0.48 annualized dividend and an approximately 1% yield.
• Neutral Sentiment: Third-quarter guidance calls for earnings of $0.46 to $0.56 per share and revenue of approximately $1.9 billion. Revenue is broadly in line with expectations, while the EPS range brackets the $0.47 consensus estimate rather than decisively exceeding it. GlobalFoundries Reports Second Quarter 2026 Financial Results
• Negative Sentiment: The stock’s decline suggests investors may have expected a stronger outlook after prior optimism surrounding AI infrastructure and silicon photonics. A solid quarterly beat may therefore have been insufficient to justify the valuation or elevated expectations.
• Negative Sentiment: Reported insider activity was heavily skewed toward selling over the past six months—35 sales versus one purchase—which may add to investor caution, although such transactions do not necessarily reflect management’s view of the company.

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.