GlobalFoundries (NASDAQ:GFS) Stock Rating Reaffirmed as Neutral by Wedbush

GlobalFoundries (NASDAQ:GFS)‘s stock had its “neutral” rating reissued by Wedbush in a research report issued on Thursday, Benzinga reports. They currently have a $72.00 price target on the stock. Wedbush’s price target would suggest a potential upside of 57.77% from the stock’s current price.

A number of other brokerages also recently issued reports on GFS. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research report on Wednesday, August 26th. Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a research report on Wednesday, August 5th. BNP Paribas Exane downgraded GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research report on Monday, October 5th. Robert W. Baird set a $140.00 price objective on GlobalFoundries in a research report on Thursday, August 6th. Finally, UBS Group lowered their price objective on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, GlobalFoundries currently has an average rating of “Hold” and an average target price of $75.79.

GlobalFoundries Trading Down 6.8%

Shares of GFS stock traded down $3.30 during trading hours on Thursday, hitting $45.64. 1,086,523 shares of the company’s stock traded hands, compared to its average volume of 4,320,657. The stock’s 50 day simple moving average is $47.69 and its 200 day simple moving average is $59.70. The stock has a market cap of $25.04 billion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 1.48 and a beta of 1.77. GlobalFoundries has a 12 month low of $32.02 and a 12 month high of $92.55. 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 (NASDAQ:GFS) last released 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. The firm had revenue of $1.79 billion during 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 revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter 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, sell-side analysts anticipate that GlobalFoundries will post 1.48 EPS for the current year.

Insider Transactions at GlobalFoundries

In other news, insider Pradheepa Raman sold 6,760 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $58.22, for a total value of $232,880.00. Following the transaction, the director owned 14,867 shares of the company’s stock, valued at $865,556.74. This trade represents a 21.20% 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. Insiders have sold 16,590 shares of company stock valued at $859,087 over the last 90 days.

Institutional Investors Weigh In On GlobalFoundries

A number of hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings in GlobalFoundries by 8.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock worth $87,000 after purchasing an additional 154 shares in the last quarter. Parallel Advisors LLC increased its holdings in GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after purchasing an additional 237 shares in the last quarter. California State Teachers Retirement System increased its holdings in GlobalFoundries by 5.3% in the first quarter. California State Teachers Retirement System now owns 6,735 shares of the company’s stock worth $300,000 after purchasing an additional 340 shares in the last quarter. HB Wealth Management LLC increased its holdings in GlobalFoundries by 7.0% in the second quarter. HB Wealth Management LLC now owns 5,472 shares of the company’s stock worth $451,000 after purchasing an additional 358 shares in the last quarter. Finally, Krilogy Financial LLC increased its holdings in GlobalFoundries by 7.9% in the third quarter. Krilogy Financial LLC now owns 5,997 shares of the company’s stock worth $290,000 after purchasing an additional 441 shares in the last quarter.

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.