Brokerages Set GlobalFoundries Inc. (NASDAQ:GFS) Price Target at $75.11

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have been given an average rating of “Hold” by the nineteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $75.1111.

Several research analysts have weighed in on the company. Robert W. Baird set a $140.00 target price on GlobalFoundries in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research note on Friday, May 29th. Loop Capital set a $80.00 price target on GlobalFoundries in a report on Monday, May 4th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a research report on Tuesday, May 5th. Finally, Susquehanna boosted their price objective on shares of GlobalFoundries to $125.00 and gave the company a “positive” rating in a research note on Monday, May 11th.

GlobalFoundries Stock Performance

NASDAQ GFS opened at $54.58 on Thursday. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13. GlobalFoundries has a 52-week low of $31.59 and a 52-week high of $92.55. The business’s 50-day moving average price is $66.12 and its 200 day moving average price is $59.11. The firm has a market cap of $29.95 billion, a P/E ratio of 42.64, a P/E/G ratio of 1.37 and a beta of 1.80.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly 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 return on equity of 6.69% and a net margin of 10.36%.The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The firm’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. On average, equities research analysts expect that GlobalFoundries will post 1.48 earnings per share for the current year.

GlobalFoundries Dividend Announcement

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 paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, September 23rd. GlobalFoundries’s dividend payout ratio (DPR) is 37.50%.

Insider Activity

In related news, insider Michael James Hogan sold 500 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $70.90, for a total transaction of $35,450.00. Following the completion of the transaction, the insider directly owned 795 shares of the company’s stock, valued at $56,365.50. This represents a 38.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 335 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $77.36, for a total transaction of $25,915.60. Following the transaction, the insider directly owned 13,149 shares of the company’s stock, valued at $1,017,206.64. This represents a 2.48% 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. Insiders have sold a total of 18,785 shares of company stock valued at $1,354,672 over the last quarter.

Hedge Funds Weigh In On GlobalFoundries

Large investors have recently modified their holdings of the business. Bessemer Group Inc. lifted its holdings in shares of GlobalFoundries by 8,275,141.2% in the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after buying an additional 2,813,548 shares during the period. HRT Financial LP acquired a new position in GlobalFoundries during the fourth quarter worth $62,996,000. AQR Capital Management LLC raised its position in GlobalFoundries by 168.2% in the third quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock worth $93,463,000 after acquiring an additional 1,635,338 shares in the last quarter. Marshall Wace LLP raised its position in GlobalFoundries by 126.0% in the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after acquiring an additional 1,328,129 shares in the last quarter. Finally, UBS Group AG raised its position in GlobalFoundries by 136.7% in the fourth quarter. UBS Group AG now owns 1,809,232 shares of the company’s stock worth $63,178,000 after acquiring an additional 1,044,755 shares in the last quarter.

GlobalFoundries Company Profile

GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.