GlobalFoundries (NASDAQ:GFS) Given “Neutral” Rating at Wedbush

GlobalFoundries (NASDAQ:GFS)‘s stock had its “neutral” rating reissued by analysts at Wedbush in a research report issued on Thursday, Benzinga reports. They currently have a $72.00 price target on the stock. Wedbush’s price objective would suggest a potential upside of 50.30% from the stock’s current price.

Other research analysts also recently issued reports about the company. Robert W. Baird set a $140.00 price target on GlobalFoundries in a report on Thursday, August 6th. Jefferies Financial Group set a $60.00 price target on GlobalFoundries in a report on Wednesday, August 5th. 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 report on Monday, October 5th. Morgan Stanley reaffirmed a “negative” rating and set a $60.00 price target on shares of GlobalFoundries in a report on Thursday, August 6th. Finally, TD Cowen lowered their price target on GlobalFoundries from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Eight 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $75.79.

GlobalFoundries Stock Down 2.1%

NASDAQ:GFS traded down $1.04 during trading hours on Thursday, reaching $47.90. 2,846,985 shares of the company traded hands, compared to its average volume of 4,327,379. The business’s 50-day moving average price is $47.69 and its two-hundred day moving average price is $59.70. The stock has a market capitalization of $26.28 billion, a P/E ratio of 37.42, a P/E/G ratio of 1.48 and a beta of 1.77. GlobalFoundries has a 1 year low of $32.02 and a 1 year high of $92.55. 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 data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Analysts predict that GlobalFoundries will post 1.48 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Pradheepa Raman sold 6,760 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $51.12, for a total transaction of $345,571.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 14,867 shares in the company, valued at approximately $865,556.74. The trade was a 21.20% decrease in their ownership of the stock. 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 ninety days, insiders have sold 16,590 shares of company stock worth $859,087.

Institutional Trading of GlobalFoundries

Hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in GlobalFoundries during the second quarter valued at $60,000. Parallel Advisors LLC increased its position 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 acquiring an additional 237 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in GlobalFoundries during the first quarter valued at $53,000. Western Wealth Management LLC purchased a new stake in GlobalFoundries during the first quarter valued at $68,000. Finally, PNC Financial Services Group Inc. increased its position in GlobalFoundries by 8.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock valued at $87,000 after acquiring an additional 154 shares during the last quarter.

Trending Headlines about GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Japan is expected to provide substantial infrastructure funding—roughly $10 billion initially, with a potential second phase of similar size—allowing GlobalFoundries to expand without funding the full construction cost through debt or internal cash flow. The arrangement is viewed as favorable for the company’s balance sheet, which currently has a debt-to-equity ratio of about 0.13. GlobalFoundries to Build Two Chip Fabs With Up to $21 Billion Funding
• Positive Sentiment: The two facilities could add up to 1.8 million 300mm wafers of annual capacity, or approximately 900,000 wafers per fab. The expansion is supported by expected demand from customers including Apple, General Motors, Cirrus Logic and Renesas, reducing the risk of building unused capacity. GlobalFoundries selected to operate two new semiconductor fabs
• Positive Sentiment: The announcement strengthens GlobalFoundries’ strategic position in domestic and allied semiconductor supply chains. Separately, about $955 million in amended CHIPS Act funding will support silicon photonics, silicon-germanium and advanced-packaging projects. GlobalFoundries Stock Rises on Semiconductor Manufacturing Initiative
• Neutral Sentiment: Construction is expected to begin in late 2026, but meaningful revenue from the new fabs is not anticipated until around 2029. Investors will therefore need to wait several years for the capacity expansion to affect earnings.
• Negative Sentiment: The U.S. government is expected to receive approximately a 4% equity stake, creating modest dilution for existing shareholders. The projects also face normal execution risks, including construction delays, equipment shortages and changes in semiconductor demand.

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.