GlobalFoundries (NASDAQ:GFS) Stock Jumps 5.6% – Here’s What Happened

Shares of GlobalFoundries Inc. (NASDAQ:GFS) traded up 5.6% during trading on Wednesday. The company traded as high as $49.80 and last traded at $49.3370. Approximately 1,953,526 shares were traded during trading, a decline of 54% from the average session volume of 4,273,555 shares. The stock had previously closed at $46.70.

Trending Headlines about GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries was selected to build and operate two new semiconductor fabs in New York under a U.S.-Japan initiative that could provide up to $21 billion in funding. Japan is expected to finance much of the infrastructure, allowing GlobalFoundries to expand capacity without taking on comparable levels of debt. The plants could ultimately add up to 1.8 million 300mm wafers of annual capacity, with operations expected to begin contributing meaningfully around 2029. GlobalFoundries selected to operate two new semiconductor fabs in New York
• Positive Sentiment: The agreement strengthens GlobalFoundries’ position in reshoring and supply-chain security, while customer relationships with Apple, General Motors, Cirrus Logic and Renesas could help support future utilization. Analysts remain constructive: TD Cowen reaffirmed a Buy rating with a $75 price target, while Wedbush maintained Neutral with a $72 target. Wedbush praises New York fab deal
• Positive Sentiment: Samsung may add GlobalFoundries as a display-chip supplier to address Galaxy phone production issues. The report is preliminary, but a supply agreement could broaden GlobalFoundries’ customer base and provide incremental demand. Samsung may add GlobalFoundries as a display chip supplier
• Neutral Sentiment: The expansion is strategically attractive but remains several years from revenue generation. Construction is expected to start in late 2026, leaving investors exposed to equipment delays, cost changes, demand cycles and execution risk before the new fabs become productive.
• Negative Sentiment: The U.S. government’s increased equity stake—from approximately 3% to 7% in reports—creates potential shareholder dilution, even though it aligns federal interests with the company. Investors also appear to be taking profits after the prior session’s rally tied to the manufacturing deal. GlobalFoundries shares retreat as investors weigh US-Japan manufacturing deal

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GFS. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of GlobalFoundries in a research note on Monday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Robert W. Baird set a $140.00 target price on GlobalFoundries in a research report on Thursday, August 6th. Jefferies Financial Group set a $60.00 price target on GlobalFoundries in a report on Wednesday, August 5th. Finally, Zacks Research lowered GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, GlobalFoundries currently has a consensus rating of “Hold” and an average price target of $75.79.

GlobalFoundries Stock Down 0.4%

The stock has a fifty day simple moving average of $47.65 and a two-hundred day simple moving average of $59.74. The firm has a market cap of $26.75 billion, a PE ratio of 38.09, a price-to-earnings-growth ratio of 1.55 and a beta of 1.77. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter 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, sell-side analysts expect that GlobalFoundries Inc. will post 1.48 EPS for the current fiscal year.

Insider Activity at GlobalFoundries

In other GlobalFoundries news, Director Glenda Dorchak sold 4,000 shares of the stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $58.22, for a total value of $232,880.00. Following the sale, the director directly owned 14,867 shares in the company, valued at $865,556.74. This represents a 21.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 6,760 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $51.12, for a total transaction of $345,571.20. 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. In the last ninety days, insiders have sold 16,590 shares of company stock valued at $859,087.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of GlobalFoundries in the third quarter worth $30,000. FNY Investment Advisers LLC bought a new stake in GlobalFoundries during the second quarter valued at $60,000. Parallel Advisors LLC boosted its stake in GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after buying an additional 237 shares during the period. Global Assets Advisory LLC purchased a new position in GlobalFoundries during the first quarter worth about $53,000. Finally, Western Wealth Management LLC purchased a new position in GlobalFoundries during the first quarter worth about $68,000.

About GlobalFoundries

GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers’ designs and supporting them through process development, wafer fabrication, packaging, and related services.

Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.