Brokerages Set GlobalFoundries Inc. (NASDAQ:GFS) Target Price at $74.32

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have earned an average recommendation of “Hold” from the twenty ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $74.3158.

A number of research firms have weighed in on GFS. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research note on Wednesday, August 26th. Zacks Research downgraded GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of GlobalFoundries in a research note on Monday, August 10th. Robert W. Baird set a $140.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Finally, Morgan Stanley reiterated a “negative” rating and issued a $60.00 price target on shares of GlobalFoundries in a research note on Thursday, August 6th.

Insider Activity

In related news, insider Pradheepa Raman sold 6,760 shares of GlobalFoundries stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $51.12, for a total transaction of $345,571.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak Azar sold 335 shares of the company’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 value of $25,915.60. Following the completion of the sale, the insider owned 13,149 shares in the company, valued at $1,017,206.64. This represents a 2.48% 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. Over the last quarter, insiders have sold 19,610 shares of company stock valued at $1,197,564.

Institutional Investors Weigh In On GlobalFoundries

Hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings in shares of GlobalFoundries by 8.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock valued at $87,000 after purchasing an additional 154 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after buying an additional 237 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of GlobalFoundries by 5.0% during the 4th quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock worth $215,000 after buying an additional 293 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in shares of GlobalFoundries by 9.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company’s stock worth $125,000 after buying an additional 305 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in GlobalFoundries by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock valued at $372,000 after buying an additional 324 shares during the last quarter.

GlobalFoundries Trading Up 1.9%

NASDAQ GFS opened at $45.95 on Monday. GlobalFoundries has a 52 week low of $31.59 and a 52 week high of $92.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The stock’s 50 day moving average price is $53.43 and its two-hundred day moving average price is $59.40. The stock has a market capitalization of $25.21 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 1.43 and a beta of 1.78.

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

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 23rd. GlobalFoundries’s dividend payout ratio is presently 37.50%.

GlobalFoundries News Summary

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Quantum R&D funding strengthens strategic position: GlobalFoundries finalized a definitive agreement with the U.S. Department of Commerce for up to $375 million in CHIPS-related research and development funding. The award will support its Quantum Technology Solutions business and domestic quantum semiconductor manufacturing, potentially reducing the company’s investment burden while expanding its role in a strategically important market. GlobalFoundries and U.S. Department of Commerce finalize $375M R&D award
• Positive Sentiment: Manufacturing partnership with Monolithic Power Systems: GlobalFoundries and Monolithic Power Systems announced a partnership to expand manufacturing capacity for high-performance power solutions. The agreement could improve capacity utilization, deepen customer relationships, and benefit from demand tied to artificial intelligence, automotive, industrial, and data-center applications. GlobalFoundries and Monolithic Power Systems manufacturing partnership
• Positive Sentiment: New UX platform technologies available to customers: GlobalFoundries announced customer availability of UX platform technologies designed for intelligent-edge connectivity, physical AI, and other emerging applications. Customer access could support future design wins and broaden the company’s differentiated specialty-chip offerings. GlobalFoundries announces customer availability of UX platform technologies
• Neutral Sentiment: Commentary from GlobalFoundries’ Goldman Sachs technology conference presentation and investor articles highlights exposure to government-backed semiconductor and quantum initiatives, but does not provide a clearly quantified near-term change to revenue or earnings. GlobalFoundries Goldman Sachs conference transcript
• Negative Sentiment: GlobalFoundries issued shares to the U.S. Commerce Department under a securities agreement connected with the government award. While the funding is strategically valuable, the equity issuance may create modest dilution for existing shareholders. GlobalFoundries issues shares to U.S. Commerce Department

GlobalFoundries Company Profile

GlobalFoundries Inc (NASDAQ:GFS) is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.

The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.