GlobalFoundries (NASDAQ:GFS) Earns Neutral Rating from Wedbush

GlobalFoundries (NASDAQ:GFS)‘s stock had its “neutral” rating reiterated by equities research analysts at Wedbush in a note issued to investors on Thursday, Benzinga reports. They presently have a $72.00 price target on the stock. Wedbush’s price objective would suggest a potential upside of 52.07% from the company’s previous close.

Several other analysts have also weighed in on GFS. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on GlobalFoundries in a report on Monday, August 10th. Zacks Research lowered GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. UBS Group cut their price objective on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Finally, 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 report on Monday, October 5th. 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 company. According to data from MarketBeat, GlobalFoundries has a consensus rating of “Hold” and an average target price of $75.79.

GlobalFoundries Price Performance

Shares of GlobalFoundries stock traded down $1.59 during trading on Thursday, hitting $47.35. The stock had a trading volume of 2,045,656 shares, compared to its average volume of 4,325,672. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. The firm has a market cap of $25.98 billion, a P/E ratio of 36.92, a PEG ratio of 1.48 and a beta of 1.77. The business has a fifty day moving average of $47.69 and a two-hundred day moving average of $59.70. GlobalFoundries has a fifty-two week low of $32.02 and a fifty-two week high of $92.55.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, sell-side analysts expect that GlobalFoundries will post 1.48 earnings per share for the current fiscal year.

Insider Buying and Selling at GlobalFoundries

In other news, Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $58.22, for a total transaction of $232,880.00. Following the completion of the sale, the director directly owned 14,867 shares of the company’s stock, valued at $865,556.74. This represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 shares were sold at an average price of $48.83, for a total transaction of $104,740.35. Following the completion of the sale, the insider owned 2,145 shares of the company’s stock, valued at approximately $104,740.35. This trade represents a 50.00% decrease in their position. 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. Over the last ninety days, insiders have sold 16,590 shares of company stock valued at $859,087.

Institutional Investors Weigh In On GlobalFoundries

Several hedge funds have recently made changes to their positions in GFS. Krilogy Financial LLC lifted its position in shares of GlobalFoundries by 7.9% in the 3rd quarter. Krilogy Financial LLC now owns 5,997 shares of the company’s stock valued at $290,000 after acquiring an additional 441 shares in the last quarter. HBK Investments L P purchased a new stake in shares of GlobalFoundries in the 2nd quarter valued at approximately $989,000. Sequoia Financial Advisors LLC purchased a new stake in shares of GlobalFoundries in the 2nd quarter valued at approximately $404,000. WINTON GROUP Ltd purchased a new stake in shares of GlobalFoundries in the 2nd quarter valued at approximately $363,000. Finally, NewEdge Advisors LLC lifted its stake in GlobalFoundries by 3,658.5% in the 2nd quarter. NewEdge Advisors LLC now owns 4,886 shares of the company’s stock worth $403,000 after acquiring an additional 4,756 shares in 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.

GlobalFoundries Company Profile

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.