Brokerages Set GlobalFoundries Inc. (NASDAQ:GFS) PT at $41.00

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have been assigned a consensus rating of “Hold” from the sixteen ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $41.00.

GFS has been the subject of several recent research reports. Citigroup increased their price target on shares of GlobalFoundries from $35.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. BNP Paribas Exane initiated coverage on shares of GlobalFoundries in a research report on Friday, October 24th. They set an “outperform” rating and a $45.00 price target on the stock. Wall Street Zen cut shares of GlobalFoundries from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Wedbush lowered GlobalFoundries from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $42.00 to $40.00 in a research note on Wednesday, December 31st. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $38.00 price target on shares of GlobalFoundries in a report on Monday, October 27th.

GlobalFoundries Stock Up 7.2%

GFS stock opened at $47.41 on Friday. The company has a current ratio of 3.03, a quick ratio of 2.24 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $38.28 and a 200-day simple moving average of $36.09. GlobalFoundries has a twelve month low of $29.77 and a twelve month high of $48.57. The company has a market capitalization of $26.21 billion, a P/E ratio of -526.72, a PEG ratio of 1.85 and a beta of 1.49.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Wednesday, November 12th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). GlobalFoundries had a negative net margin of 0.65% and a positive return on equity of 6.64%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. GlobalFoundries has set its Q4 2025 guidance at 0.420-0.520 EPS. On average, equities research analysts predict that GlobalFoundries will post 1.31 earnings per share for the current fiscal year.

Institutional Trading of GlobalFoundries

Institutional investors and hedge funds have recently modified their holdings of the business. Profund Advisors LLC raised its position in GlobalFoundries by 0.7% during the 3rd quarter. Profund Advisors LLC now owns 45,349 shares of the company’s stock valued at $1,625,000 after purchasing an additional 299 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of GlobalFoundries by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock valued at $372,000 after acquiring an additional 324 shares during the period. Voya Investment Management LLC raised its stake in GlobalFoundries by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 12,288 shares of the company’s stock worth $454,000 after acquiring an additional 346 shares during the period. California State Teachers Retirement System boosted its stake in shares of GlobalFoundries by 5.7% in the second quarter. California State Teachers Retirement System now owns 6,480 shares of the company’s stock worth $248,000 after acquiring an additional 347 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in GlobalFoundries by 1.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 33,242 shares of the company’s stock worth $1,191,000 after purchasing an additional 370 shares in the last quarter.

About GlobalFoundries

GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.