GlobalFoundries Inc. (NASDAQ:GFS) Stock Has Average Price Target of $75.79 According to Analysts

GlobalFoundries Inc. (NASDAQ:GFS) has been assigned a consensus recommendation of “Hold” from the twenty ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $75.79.

Several equities analysts have recently issued reports on GFS shares. Weiss Ratings reissued a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Robert W. Baird set a $140.00 price objective on GlobalFoundries in a research note on Thursday, August 6th. Morgan Stanley reiterated a “negative” rating and set a $60.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Stifel Nicolaus started coverage on GlobalFoundries in a research note on Tuesday, September 1st. They issued a “buy” rating and a $60.00 target price for the company. Finally, TD Cowen reissued a “buy” rating and issued a $75.00 target price on shares of GlobalFoundries in a research note on Thursday, October 15th.

GlobalFoundries Price Performance

Shares of GFS opened at $41.90 on Tuesday. 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 has a 1 year low of $32.02 and a 1 year high of $92.55. The stock has a market cap of $22.99 billion, a P/E ratio of 32.73, a price-to-earnings-growth ratio of 1.33 and a beta of 1.77. The stock’s 50-day moving average price is $46.48 and its two-hundred day moving average price is $54.92.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The company 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%. GlobalFoundries’s 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. On average, equities analysts predict that GlobalFoundries will post 1.48 earnings per share for the current year.

Insider Activity at GlobalFoundries

In other news, insider Pradheepa Raman sold 2,145 shares of GlobalFoundries stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $48.83, for a total transaction of $104,740.35. Following the transaction, the insider owned 2,145 shares in the company, valued at $104,740.35. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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. Insiders sold a total of 12,925 shares of company stock worth $637,054 over the last quarter.

Institutional Trading of GlobalFoundries

A number of large investors have recently bought and sold shares of GFS. Rakuten Investment Management Inc. acquired a new position in shares of GlobalFoundries during the third quarter worth about $4,027,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in GlobalFoundries in the 3rd quarter valued at approximately $40,775,000. Profund Advisors LLC lifted its stake in GlobalFoundries by 7.1% in the 3rd quarter. Profund Advisors LLC now owns 6,178 shares of the company’s stock valued at $296,000 after acquiring an additional 409 shares in the last quarter. ProShare Advisors LLC lifted its stake in GlobalFoundries by 88.2% in the 3rd quarter. ProShare Advisors LLC now owns 13,438 shares of the company’s stock valued at $644,000 after acquiring an additional 6,299 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in GlobalFoundries by 93.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,916 shares of the company’s stock valued at $379,000 after acquiring an additional 3,821 shares in the last quarter.

About GlobalFoundries

GlobalFoundries Inc (NASDAQ:GFS) is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.

GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.

The company was established in 2009 through the separation of Advanced Micro Devices’ manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.