Wedbush Reaffirms Neutral Rating for GlobalFoundries (NASDAQ:GFS)

GlobalFoundries (NASDAQ:GFS)‘s stock had its “neutral” rating restated by research analysts at Wedbush in a research note issued on Thursday, Benzinga reports. They currently have a $72.00 price objective on the stock. Wedbush’s target price suggests a potential upside of 56.15% from the stock’s current price.

A number of other research firms have also recently issued reports on GFS. Morgan Stanley reaffirmed a “negative” rating and issued a $60.00 price target on shares of GlobalFoundries in a report on Thursday, August 6th. Stifel Nicolaus assumed coverage on shares of GlobalFoundries in a report on Tuesday, September 1st. They issued a “buy” rating and a $60.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of GlobalFoundries in a report on Monday, August 10th. Jefferies Financial Group set a $60.00 price target on shares of GlobalFoundries in a report on Wednesday, August 5th. Finally, Robert W. Baird set a $140.00 price target on shares of GlobalFoundries in a report on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, GlobalFoundries presently has a consensus rating of “Hold” and an average price target of $75.79.

GlobalFoundries Trading Down 1.2%

GlobalFoundries stock opened at $46.11 on Thursday. The stock has a 50-day moving average of $47.43 and a two-hundred day moving average of $59.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. GlobalFoundries has a one year low of $32.02 and a one year high of $92.55. The stock has a market cap of $25.30 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 1.48 and a beta of 1.77.

GlobalFoundries (NASDAQ:GFS) last released 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. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business posted $0.42 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, research analysts anticipate that GlobalFoundries will post 1.48 EPS for the current fiscal year.

Insider Buying and Selling at GlobalFoundries

In other news, insider Pradheepa Raman sold 2,145 shares of the stock in a transaction on Monday, September 28th. The shares were sold at an average price of $48.83, for a total value of $104,740.35. Following the sale, the insider owned 2,145 shares in the company, valued at $104,740.35. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 have sold a total of 12,925 shares of company stock valued at $641,885 in the last quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new position in shares of GlobalFoundries during the 3rd quarter valued at about $30,000. FNY Investment Advisers LLC purchased a new stake in shares of GlobalFoundries in the second quarter worth about $60,000. Parallel Advisors LLC boosted its stake in shares of GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after buying an additional 237 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in GlobalFoundries during the first quarter worth about $53,000. Finally, Western Wealth Management LLC acquired a new stake in GlobalFoundries during the first quarter worth about $68,000.

GlobalFoundries Company Profile

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.