GlobalFoundries Inc. (NASDAQ:GFS) Given Consensus Rating of “Hold” by Brokerages

GlobalFoundries Inc. (NASDAQ:GFS) has earned an average rating of “Hold” from the twenty analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $74.3158.

A number of research firms have recently weighed in on GFS. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of GlobalFoundries in a report on Tuesday. Robert W. Baird set a $140.00 price target on GlobalFoundries in a research report on Thursday, August 6th. Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a research note on Wednesday, August 5th. Finally, Stifel Nicolaus started coverage on GlobalFoundries in a research report on Tuesday, September 1st. They set a “buy” rating and a $60.00 price objective on the stock.

GlobalFoundries Stock Up 2.2%

Shares of GFS opened at $46.95 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. The stock has a market capitalization of $25.76 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 1.46 and a beta of 1.78. GlobalFoundries has a 1 year low of $31.59 and a 1 year high of $92.55. The business’s 50 day simple moving average is $52.49 and its 200-day simple moving average is $59.31.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the firm posted $0.42 earnings per share. GlobalFoundries’s revenue for the quarter was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, equities analysts expect that GlobalFoundries will post 1.48 earnings per share for the current fiscal year.

GlobalFoundries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. GlobalFoundries’s payout ratio is currently 37.50%.

Insider Buying and Selling

In other GlobalFoundries news, insider Michael Hogan sold 2,800 shares of GlobalFoundries stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $83.53, for a total transaction of $233,884.00. Following the completion of the transaction, the insider directly owned 3,745 shares of the company’s stock, valued at $312,819.85. The trade was a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the stock in a transaction on Monday, July 20th. The shares were sold at an average price of $58.22, for a total transaction of $232,880.00. Following the completion of the sale, the director directly owned 14,867 shares in the company, valued at approximately $865,556.74. This represents a 21.20% 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. In the last quarter, insiders sold 19,945 shares of company stock worth $1,212,582.

Institutional Trading of GlobalFoundries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position 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 valued at $125,147,000 after purchasing an additional 2,813,548 shares in the last quarter. HRT Financial LP bought a new position in shares of GlobalFoundries during the 4th quarter worth $62,996,000. AQR Capital Management LLC grew its position in shares of GlobalFoundries by 168.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock worth $93,463,000 after buying an additional 1,635,338 shares in the last quarter. Marshall Wace LLP increased its stake in shares of GlobalFoundries by 126.0% during the fourth 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 period. Finally, Balyasny Asset Management L.P. increased its stake in shares of GlobalFoundries by 15,179.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 919,867 shares of the company’s stock valued at $32,122,000 after buying an additional 925,967 shares during the period.

About GlobalFoundries

GlobalFoundries Inc (NASDAQ:GFS) is a global semiconductor manufacturer that provides contract chip production and related services to technology companies. Unlike a fabless semiconductor company, GlobalFoundries operates its own fabrication facilities and manufactures chips designed by other companies across a range of end markets.

The company specializes in differentiated semiconductor technologies, including radio-frequency and connectivity solutions, embedded memory, power management, silicon photonics, gallium nitride and other specialty processes.