Morgan Stanley Has Lowered Expectations for GlobalFoundries (NASDAQ:GFS) Stock Price

GlobalFoundries (NASDAQ:GFS) had its target price lowered by Morgan Stanley from $60.00 to $56.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley‘s price objective points to a potential upside of 32.95% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of GlobalFoundries in a report on Monday, August 10th. TD Cowen reiterated a “buy” rating and issued a $75.00 price target on shares of GlobalFoundries in a report on Thursday, October 15th. Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a research note on Wednesday, August 5th. Cantor Fitzgerald reissued an “overweight” rating on shares of GlobalFoundries in a research report on Thursday, October 15th. Finally, Stifel Nicolaus began coverage on GlobalFoundries in a research report on Tuesday, September 1st. They issued a “buy” rating and a $60.00 price objective for the company. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.58.

GlobalFoundries Stock Performance

NASDAQ:GFS traded up $0.22 during trading hours on Monday, reaching $42.12. The company had a trading volume of 1,366,908 shares, compared to its average volume of 4,388,998. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. GlobalFoundries has a 52 week low of $32.02 and a 52 week high of $92.55. The firm has a market cap of $23.11 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 1.33 and a beta of 1.78. The firm’s 50 day moving average price is $46.48 and its 200-day moving average price is $54.92.

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

Insider Activity

In other GlobalFoundries news, insider Pradheepa Raman sold 2,145 shares of GlobalFoundries stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $48.83, for a total transaction of $104,740.35. Following the transaction, the insider directly owned 2,145 shares of the company’s stock, valued at $104,740.35. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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. Over the last three months, insiders sold 12,925 shares of company stock valued at $637,054.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. increased its holdings in GlobalFoundries by 8,275,141.2% during the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after purchasing an additional 2,813,548 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of GlobalFoundries by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company’s stock valued at $59,571,000 after acquiring an additional 31,590 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of GlobalFoundries during the 3rd quarter worth about $40,775,000. Bank of America Corp DE raised its position in shares of GlobalFoundries by 106.1% during the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after acquiring an additional 450,722 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of GlobalFoundries by 322.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company’s stock worth $31,803,000 after acquiring an additional 545,900 shares in the last quarter.

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.