GlobalFoundries Inc. (NASDAQ:GFS) Receives $74.62 Consensus Target Price from Analysts

GlobalFoundries Inc. (NASDAQ:GFS) has earned a consensus rating of “Hold” from the nineteen research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $74.6250.

GFS has been the subject of several recent analyst reports. Citigroup raised their target price on shares of GlobalFoundries from $49.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Evercore reiterated an “outperform” rating and set a $85.00 price objective on shares of GlobalFoundries in a report on Tuesday, May 19th. Wedbush restated a “neutral” rating and set a $50.00 target price on shares of GlobalFoundries in a research note on Monday, May 4th. Morgan Stanley upped their target price on GlobalFoundries from $58.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Loop Capital set a $80.00 price target on GlobalFoundries in a research note on Monday, May 4th.

Insider Activity at GlobalFoundries

In other GlobalFoundries news, insider Michael James Hogan sold 2,800 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $82.88, for a total transaction of $232,064.00. Following the sale, the insider owned 9,645 shares of the company’s stock, valued at approximately $799,377.60. The trade was a 22.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $74.82, for a total transaction of $37,410.00. Following the sale, the insider directly owned 15,494 shares in the company, valued at approximately $1,159,261.08. This represents a 3.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,080 shares of company stock valued at $1,349,680 over the last ninety days.

Institutional Investors Weigh In On GlobalFoundries

Institutional investors and hedge funds have recently made changes to their positions in the stock. WealthCollab LLC raised its stake in GlobalFoundries by 674.7% in the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after acquiring an additional 614 shares during the last quarter. True Wealth Design LLC lifted its position in GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after acquiring an additional 544 shares during the period. Covestor Ltd grew 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 during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in GlobalFoundries during the 4th quarter valued at about $35,000. Finally, Strategic Advocates LLC grew its stake in GlobalFoundries by 95.1% during the 4th quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the last quarter.

GlobalFoundries Stock Performance

GFS stock opened at $56.91 on Friday. GlobalFoundries has a one year low of $31.51 and a one year high of $92.55. The firm has a market cap of $31.23 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 2.07 and a beta of 1.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. The firm has a 50-day simple moving average of $75.15 and a two-hundred day simple moving average of $58.12.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, equities analysts forecast that GlobalFoundries will post 1.38 EPS for the current fiscal year.

GlobalFoundries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Wednesday, June 24th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, June 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. GlobalFoundries’s dividend payout ratio is 34.53%.

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.