GlobalFoundries (NASDAQ:GFS) Hits New 1-Year High – Still a Buy?

Shares of GlobalFoundries Inc. (NASDAQ:GFS) hit a new 52-week high during trading on Thursday . The stock traded as high as $80.48 and last traded at $77.5260, with a volume of 737281 shares changing hands. The stock had previously closed at $70.79.

Trending Headlines about GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries launched Quantum Technology Solutions, a new business aimed at manufacturing key quantum hardware components such as cryogenic control/readout ICs, advanced packaging, and superconducting interconnects, which could open a new growth avenue for the company. GlobalFoundries launches Quantum Technology Solutions to scale U.S. quantum manufacturing
• Positive Sentiment: The company disclosed a proposed $375 million U.S. Commerce Department award and a separate arrangement for the government to take about a 1% equity stake, which investors appear to view as a major validation of GlobalFoundries’ strategic role in domestic semiconductor and quantum supply chains. New semiconductor advances announced at GlobalFoundries
• Positive Sentiment: GlobalFoundries is also being linked to broader momentum in quantum-focused CHIPS funding, with articles noting that the stock jumped after the funding and venture partnership news, helping sentiment across the name. GLOBALFOUNDRIES (GFS) Is Up 10.2% After New Quantum-Focused CHIPS Funding and VC Partnership
• Positive Sentiment: Separately, GlobalFoundries announced work on co-packaged optics for AI data centers, which could support long-term demand tied to AI infrastructure growth. GlobalFoundries: Accelerating introduction of co-packaged optics for modern AI data centers with SCALE optical module solution
• Neutral Sentiment: Coverage also highlighted that the stock reached a 52-week high, reflecting strong recent momentum, though this is more a sign of investor enthusiasm than a new fundamental development. GlobalFoundries stock hits 52-week high – here’s why

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GFS. TD Cowen reissued a “buy” rating on shares of GlobalFoundries in a research report on Thursday, February 12th. Citigroup upped their target price on GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. upped their target price on GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $100.00 price target on GlobalFoundries in a research report on Wednesday, May 6th. Finally, Zacks Research raised GlobalFoundries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $69.88.

GlobalFoundries Trading Up 5.3%

The firm has a fifty day moving average of $56.09 and a two-hundred day moving average of $45.81. The company has a market cap of $47.65 billion, a PE ratio of 61.61, a price-to-earnings-growth ratio of 2.87 and a beta of 1.71. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data 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. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, sell-side analysts predict that GlobalFoundries Inc. will post 1.38 EPS for the current year.

GlobalFoundries Dividend Announcement

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

Insiders Place Their Bets

In other GlobalFoundries news, Director Glenda Dorchak sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $58.46, for a total value of $233,840.00. Following the completion of the transaction, the director owned 18,867 shares in the company, valued at $1,102,964.82. This trade represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 500 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $59.66, for a total value of $29,830.00. Following the completion of the transaction, 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,700 shares of company stock worth $909,572 in the last quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GFS. WealthCollab LLC boosted its stake in GlobalFoundries by 674.7% in the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after purchasing an additional 614 shares during the period. True Wealth Design LLC boosted its position in shares of GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after acquiring an additional 544 shares during the last quarter. Clearstead Advisors LLC boosted its position in shares of GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after acquiring an additional 387 shares during the last quarter. Covestor Ltd boosted its position in shares of GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after acquiring an additional 349 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of GlobalFoundries during the 4th quarter valued at about $35,000.

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.