GlobalFoundries’ (GFS) Neutral Rating Reaffirmed at Wedbush

GlobalFoundries (NASDAQ:GFS)‘s stock had its “neutral” rating reaffirmed by research analysts at Wedbush in a research report issued on Thursday, Benzinga reports. They presently have a $72.00 price objective on the stock. Wedbush’s price target would indicate a potential upside of 47.12% from the company’s current price.

Several other equities research analysts have also commented on GFS. BNP Paribas Exane lowered GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research note on Monday, October 5th. Robert W. Baird set a $140.00 target price on GlobalFoundries in a report on Thursday, August 6th. Jefferies Financial Group set a $60.00 target price on GlobalFoundries in a research report on Wednesday, August 5th. TD Cowen lowered their target price on GlobalFoundries from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Stifel Nicolaus initiated coverage on GlobalFoundries in a report on Tuesday, September 1st. They set a “buy” rating and a $60.00 price target for the company. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $75.79.

GlobalFoundries Stock Up 4.8%

Shares of GFS stock opened at $48.94 on Thursday. GlobalFoundries has a 12 month low of $32.02 and a 12 month high of $92.55. The stock has a market cap of $26.85 billion, a P/E ratio of 32.89, a P/E/G ratio of 1.48 and a beta of 1.77. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $47.69 and a two-hundred day simple moving average of $59.70.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $1.79 billion for 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 last year, the firm earned $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, research analysts expect that GlobalFoundries will post 1.48 earnings per share for the current year.

Insider Buying and Selling

In other GlobalFoundries news, Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 14,867 shares in the company, valued at $865,556.74. This represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 2,145 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $48.83, for a total transaction of $104,740.35. Following the completion of the transaction, the insider owned 2,145 shares of the company’s stock, valued at approximately $104,740.35. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 90 days, insiders have sold 16,590 shares of company stock worth $859,087.

Institutional Trading of GlobalFoundries

Several institutional investors and hedge funds have recently modified their holdings of GFS. Sei Investments Co. increased its stake in GlobalFoundries by 239.0% in the 1st quarter. Sei Investments Co. now owns 48,246 shares of the company’s stock worth $2,146,000 after buying an additional 34,014 shares in the last quarter. Bank of America Corp DE raised its holdings in GlobalFoundries by 106.1% during the first quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock valued at $38,936,000 after acquiring an additional 450,722 shares during the period. First Trust Advisors LP raised its holdings in GlobalFoundries by 97.4% during the first quarter. First Trust Advisors LP now owns 264,837 shares of the company’s stock valued at $11,780,000 after acquiring an additional 130,643 shares during the period. Janus Henderson Group PLC purchased a new position in shares of GlobalFoundries in the first quarter valued at about $1,108,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of GlobalFoundries in the second quarter valued at about $3,067,000.

GlobalFoundries News Roundup

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.