GlobalFoundries Inc. (NASDAQ:GFS) Stock Has Average Target Price of $75.79 According to Brokerages

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have been assigned an average recommendation of “Hold” from the twenty research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $75.79.

A number of brokerages have weighed in on GFS. Wedbush reiterated a “neutral” rating and set a $72.00 target price on shares of GlobalFoundries in a research note on Thursday, October 15th. BNP Paribas Exane downgraded GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research note on Monday, October 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Stifel Nicolaus began coverage on GlobalFoundries in a research report on Tuesday, September 1st. They set a “buy” rating and a $60.00 price objective for the company. Finally, Robert W. Baird set a $140.00 target price on GlobalFoundries in a report on Thursday, August 6th.

GlobalFoundries Trading Down 0.6%

NASDAQ:GFS opened at $45.85 on Tuesday. The stock has a market cap of $25.16 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 1.46 and a beta of 1.77. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average price is $46.58 and its 200-day moving average price is $54.91. GlobalFoundries has a 52 week low of $32.02 and a 52 week high of $92.55.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the business earned $0.42 EPS. The business’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, equities research analysts forecast that GlobalFoundries will post 1.48 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Pradheepa Raman sold 2,145 shares of the company’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $48.83, for a total transaction of $104,740.35. Following the completion of the sale, the insider owned 2,145 shares of the company’s stock, valued at $104,740.35. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 12,590 shares of company stock worth $621,855.

Institutional Trading of GlobalFoundries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in GlobalFoundries in the 3rd quarter worth approximately $40,775,000. Profund Advisors LLC lifted its holdings in GlobalFoundries by 7.1% during the third quarter. Profund Advisors LLC now owns 6,178 shares of the company’s stock valued at $296,000 after purchasing an additional 409 shares in the last quarter. ProShare Advisors LLC lifted its holdings in GlobalFoundries by 88.2% during the third quarter. ProShare Advisors LLC now owns 13,438 shares of the company’s stock valued at $644,000 after purchasing an additional 6,299 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of GlobalFoundries by 93.3% in the third quarter. Oppenheimer & Co. Inc. now owns 7,916 shares of the company’s stock worth $379,000 after purchasing an additional 3,821 shares during the period. Finally, Deltec Asset Management LLC bought a new position in shares of GlobalFoundries in the third quarter worth approximately $2,899,000.

About GlobalFoundries

GlobalFoundries Inc (NASDAQ:GFS) is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.

GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.

The company was established in 2009 through the separation of Advanced Micro Devices’ manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.