GlobalFoundries (NASDAQ:GFS) Reaches New 52-Week High – Here’s Why

GlobalFoundries Inc. (NASDAQ:GFS)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $65.05 and last traded at $64.8820, with a volume of 923559 shares changing hands. The stock had previously closed at $64.60.

Wall Street Analysts Forecast Growth

GFS has been the subject of several recent analyst reports. Dbs Bank lowered shares of GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 13th. Citigroup boosted their price objective on shares of GlobalFoundries from $42.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. UBS Group set a $50.00 price objective on shares of GlobalFoundries in a research note on Thursday, February 12th. Morgan Stanley set a $43.00 price objective on shares of GlobalFoundries in a research note on Monday, February 9th. Finally, The Goldman Sachs Group boosted their price objective on shares of GlobalFoundries from $40.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.13.

GlobalFoundries Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.62. The stock has a market cap of $36.12 billion, a P/E ratio of 40.82, a price-to-earnings-growth ratio of 2.48 and a beta of 1.46. The firm’s 50 day moving average is $48.71 and its 200 day moving average is $41.99.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.47 by $0.08. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business posted $0.46 EPS. GlobalFoundries’s revenue was up .0% on a year-over-year basis. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. Analysts anticipate that GlobalFoundries Inc. will post 1.37 EPS for the current year.

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries news, Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $58.46, for a total transaction of $233,840.00. Following the transaction, the director owned 18,867 shares in the company, valued at approximately $1,102,964.82. This represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $60.69, for a total transaction of $139,587.00. Following the transaction, the insider owned 16,045 shares in the company, valued at $973,771.05. The trade was a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 14,700 shares of company stock worth $769,567.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. WealthCollab LLC increased its stake in GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after purchasing an additional 614 shares in the last quarter. True Wealth Design LLC increased its stake in GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after purchasing an additional 544 shares in the last quarter. Clearstead Advisors LLC increased its stake in GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after purchasing an additional 387 shares in the last quarter. First Horizon Corp acquired a new position in GlobalFoundries during the 3rd quarter valued at approximately $33,000. Finally, Covestor Ltd increased its stake in GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after purchasing an additional 349 shares in the last quarter.

GlobalFoundries Company Profile

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.