Brokerages Set GlobalFoundries Inc. (NASDAQ:GFS) PT at $75.11

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have been assigned an average rating of “Hold” from the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $75.1111.

Several brokerages have recently commented on GFS. Arete Research set a $95.00 price target on shares of GlobalFoundries in a research report on Wednesday, June 10th. Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised 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. TD Cowen lowered their target price on shares of GlobalFoundries from $85.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of GlobalFoundries in a research report on Monday, August 10th.

Insider Buying and Selling

In related news, insider Michael James Hogan sold 500 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $70.90, for a total value of $35,450.00. Following the completion of the sale, the insider owned 795 shares in the company, valued at approximately $56,365.50. This 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 this link. 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 dated Monday, July 20th. The shares were sold at an average price of $58.22, for a total value of $232,880.00. Following the completion of the transaction, the director directly owned 14,867 shares in the company, valued at $865,556.74. The trade was a 21.20% 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 sold a total of 18,785 shares of company stock valued at $1,354,672 over the last three months.

Institutional Trading of GlobalFoundries

Institutional investors and hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. raised its position in shares of GlobalFoundries by 8,275,141.2% in the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after acquiring an additional 2,813,548 shares during the period. HRT Financial LP bought a new stake in GlobalFoundries in the fourth quarter valued at approximately $62,996,000. AQR Capital Management LLC increased its stake in GlobalFoundries by 168.2% in the third quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock valued at $93,463,000 after purchasing an additional 1,635,338 shares in the last quarter. Marshall Wace LLP raised its holdings in GlobalFoundries by 126.0% in the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after purchasing an additional 1,328,129 shares during the period. Finally, UBS Group AG raised its holdings in GlobalFoundries by 136.7% in the fourth quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock worth $63,178,000 after purchasing an additional 1,044,755 shares during the period.

GlobalFoundries Trading Down 2.1%

Shares of GFS opened at $53.44 on Thursday. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13. GlobalFoundries has a 12-month low of $31.59 and a 12-month high of $92.55. The firm has a market capitalization of $29.32 billion, a PE ratio of 41.75, a price-to-earnings-growth ratio of 1.37 and a beta of 1.80. The stock’s fifty day simple moving average is $65.64 and its 200-day simple moving average is $59.26.

GlobalFoundries (NASDAQ:GFS) last announced 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 return on equity of 6.69% and a net margin of 10.36%.The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the company earned $0.42 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, research analysts predict that GlobalFoundries will post 1.48 earnings per share for the current year.

GlobalFoundries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 23rd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.9%. GlobalFoundries’s payout ratio is 37.50%.

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.