TD Cowen Has Lowered Expectations for GlobalFoundries (NASDAQ:GFS) Stock Price

GlobalFoundries (NASDAQ:GFS) had its target price reduced by TD Cowen from $85.00 to $75.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective would indicate a potential upside of 49.02% from the stock’s previous close.

Several other research firms also recently weighed in on GFS. The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 target price on shares of GlobalFoundries in a research report on Tuesday, May 5th. Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a research note on Wednesday. Cantor Fitzgerald upgraded shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $50.00 to $80.00 in a research report on Monday, May 4th. Loop Capital set a $80.00 target price on shares of GlobalFoundries in a research note on Monday, May 4th. Finally, Needham & Company LLC boosted their target price on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $75.12.

GlobalFoundries Trading Up 1.8%

Shares of NASDAQ GFS traded up $0.87 during mid-day trading on Thursday, hitting $50.33. 3,861,791 shares of the company traded hands, compared to its average volume of 4,326,185. GlobalFoundries has a 1 year low of $31.51 and a 1 year high of $92.55. The stock has a market capitalization of $27.62 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 1.84 and a beta of 1.80. 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 business has a 50 day moving average of $70.24 and a two-hundred day moving average of $58.78.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.GlobalFoundries’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, sell-side analysts anticipate that GlobalFoundries will post 1.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael James Hogan sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $70.90, for a total transaction of $35,450.00. Following the completion of the sale, the insider directly owned 795 shares in the company, valued at approximately $56,365.50. This trade represents a 38.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 335 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $77.36, for a total transaction of $25,915.60. Following the transaction, the insider directly owned 13,149 shares in the company, valued at $1,017,206.64. The trade was a 2.48% 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. Over the last three months, insiders sold 18,950 shares of company stock worth $1,375,905.

Hedge Funds Weigh In On GlobalFoundries

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

Key GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: AI and data-center outlook improved. Management raised its 2026 data-center outlook, citing surging demand for optical products and continued growth in silicon photonics. Executives said the AI data-center opportunity remains in its “early innings,” while new intellectual property could expand GlobalFoundries’ addressable AI market. GlobalFoundries Q2 Earnings Call Highlights AI Data Center Momentum
• Positive Sentiment: GlobalFoundries exceeded second-quarter expectations. The chip foundry reported adjusted earnings of $0.46 per share versus roughly $0.43-$0.44 expected, while revenue of $1.79 billion topped the $1.77 billion consensus and increased 5.8% year over year. GlobalFoundries tops second quarter estimates on AI chip demand
• Positive Sentiment: Third-quarter guidance supports growth expectations. EPS guidance of $0.46-$0.56 has a midpoint above the current analyst consensus, while revenue guidance near $1.9 billion is broadly in line. Management also indicated that a richer product mix is supporting margins.
• Positive Sentiment: Dividend reinforces shareholder returns. GlobalFoundries declared a quarterly dividend of $0.12 per share, payable October 9 to shareholders of record September 23, representing an annualized yield of approximately 1%.
• Neutral Sentiment: The earnings reaction reflects elevated expectations. Despite the quarterly beat, investors initially appeared to question whether the results were strong enough to justify the stock’s prior AI and photonics optimism. The shares remain below their 50-day and 200-day moving averages, indicating continued technical pressure.
• Negative Sentiment: Zacks Research downgraded GFS from “Strong Buy” to “Hold.” The rating change may limit near-term enthusiasm even though the company’s operating outlook remains constructive. Recent insider activity was also heavily weighted toward selling, though such transactions may not reflect current business fundamentals. Zacks.com

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.