GlobalFoundries (NASDAQ:GFS) Price Target Raised to $70.00 at JPMorgan Chase & Co.

GlobalFoundries (NASDAQ:GFS) had its price objective raised by research analysts at JPMorgan Chase & Co. from $45.00 to $70.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 3.18% from the company’s previous close.

GFS has been the topic of several other reports. Citigroup upped their price objective on shares of GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday. The Goldman Sachs Group restated a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a report on Tuesday. Zacks Research upgraded shares of GlobalFoundries from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. TD Cowen restated a “buy” rating on shares of GlobalFoundries in a report on Thursday, February 12th. Finally, Loop Capital set a $80.00 price objective on shares of GlobalFoundries in a report on Monday. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, GlobalFoundries has a consensus rating of “Hold” and an average price target of $66.06.

GlobalFoundries Trading Down 2.4%

NASDAQ:GFS traded down $1.74 on Wednesday, hitting $72.30. The stock had a trading volume of 7,954,549 shares, compared to its average volume of 4,080,942. The company has a quick ratio of 1.95, a current ratio of 2.62 and a debt-to-equity ratio of 0.13. The stock has a market cap of $40.23 billion, a price-to-earnings ratio of 45.47, a PEG ratio of 2.67 and a beta of 1.71. The company has a fifty day moving average price of $49.26 and a two-hundred day moving average price of $42.36. GlobalFoundries has a 1-year low of $31.51 and a 1-year high of $75.53.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. GlobalFoundries’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities research analysts expect that GlobalFoundries will post 1.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other GlobalFoundries news, insider Michael James Hogan sold 2,300 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $60.69, for a total value of $139,587.00. Following the sale, the insider directly owned 16,045 shares of the company’s stock, valued at approximately $973,771.05. This represents a 12.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 500 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $63.00, for a total transaction of $31,500.00. Following the completion of the sale, the insider directly owned 16,494 shares in the company, valued at approximately $1,039,122. This represents a 2.94% 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 a total of 15,200 shares of company stock worth $801,067 in the last ninety days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Invesco Ltd. grew its position in shares of GlobalFoundries by 7.9% in the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock valued at $106,172,000 after buying an additional 217,866 shares during the last quarter. AQR Capital Management LLC grew its position in shares of GlobalFoundries by 9.9% in the 4th quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock valued at $100,047,000 after buying an additional 257,254 shares during the last quarter. Bessemer Group Inc. grew its position in shares of GlobalFoundries by 8,275,141.2% in the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after buying an additional 2,813,548 shares during the last quarter. First Trust Advisors LP grew its position in shares of GlobalFoundries by 15.2% in the 3rd quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock valued at $95,315,000 after buying an additional 350,743 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of GlobalFoundries by 126.0% in the 4th quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock valued at $83,180,000 after buying an additional 1,328,129 shares during the last quarter.

More GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Q1 earnings beat: GFS reported $0.40 EPS vs. ~ $0.35 consensus and revenue roughly in line with expectations, giving evidence of continued topline growth and improved margins. Read More.
• Positive Sentiment: Upbeat outlook for data-center demand: Management signaled stronger data‑center deployments and higher Q2 revenue expectations, supporting the narrative of accelerating demand in AI/data center workloads. Read More.
• Positive Sentiment: New product push — SCALE optical/photonics platform: GlobalFoundries launched a co‑packaged optics/photonics platform aimed at AI data centers, expanding TAM exposure if adoption picks up. This helps the long‑term growth story. Read More.
• Positive Sentiment: Analyst upgrades and higher price targets: Susquehanna upgraded GFS to positive with a $100 target, Cantor Fitzgerald and Needham raised views/targets — these upgrades can drive buying interest and help sentiment. Read More.
• Neutral Sentiment: Heavy call buying/option flow: Unusually large volume of call options was reported ahead of/after results, indicating speculative or institutional bullish positioning; this suggests elevated trader interest but not necessarily fundamental change.
• Neutral Sentiment: Small insider sales disclosed under Rule 10b5‑1 (e.g., 500 shares by Samak Azar) — routine filings that merit monitoring but are not a clear signal of deteriorating fundamentals. Read More.
• Negative Sentiment: Q2 EPS guidance missed consensus: Management set Q2 EPS at $0.25–$0.35, below the consensus (~$0.39), which trimmed some of the positive reaction to the Q1 beat and raised near‑term growth concerns. Read More.
• Negative Sentiment: Cautious analyst targets remain: Wedbush and some others keep neutral/low targets (e.g., $50), which could cap upside and increase volatility despite recent upgrades from other firms. Read More.

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.