FY2025 EPS Estimates for GlobalFoundries Reduced by Analyst

GlobalFoundries Inc. (NASDAQ:GFS) – Cantor Fitzgerald lowered their FY2025 EPS estimates for shares of GlobalFoundries in a research note issued on Wednesday, February 12th. Cantor Fitzgerald analyst C. Muse now forecasts that the company will post earnings of $1.30 per share for the year, down from their prior estimate of $1.36. Cantor Fitzgerald has a “Neutral” rating and a $40.00 price objective on the stock. The consensus estimate for GlobalFoundries’ current full-year earnings is $1.22 per share.

Other research analysts also recently issued reports about the stock. Robert W. Baird decreased their price target on shares of GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Evercore ISI decreased their target price on GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Susquehanna lowered their target price on GlobalFoundries from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft reduced their price target on GlobalFoundries from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, UBS Group decreased their price objective on GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, GlobalFoundries currently has an average rating of “Hold” and a consensus price target of $50.00.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS opened at $43.55 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.42 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $24.03 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 8.23 and a beta of 1.56. The firm’s 50 day moving average price is $42.37 and its 200-day moving average price is $42.33. GlobalFoundries has a twelve month low of $35.85 and a twelve month high of $61.98.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). GlobalFoundries had a net margin of 10.95% and a return on equity of 6.87%.

Institutional Investors Weigh In On GlobalFoundries

Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in shares of GlobalFoundries by 153.9% in the fourth quarter. Signaturefd LLC now owns 678 shares of the company’s stock worth $29,000 after buying an additional 411 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in GlobalFoundries in the 3rd quarter valued at $34,000. Blue Trust Inc. increased its holdings in GlobalFoundries by 206.4% in the 4th quarter. Blue Trust Inc. now owns 1,106 shares of the company’s stock valued at $45,000 after acquiring an additional 745 shares during the last quarter. US Bancorp DE lifted its stake in GlobalFoundries by 77.0% in the 3rd quarter. US Bancorp DE now owns 1,218 shares of the company’s stock worth $49,000 after purchasing an additional 530 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of GlobalFoundries during the 4th quarter valued at about $52,000.

GlobalFoundries Company Profile

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.