TD Cowen Reaffirms “Buy” Rating for GlobalFoundries (NASDAQ:GFS)

GlobalFoundries (NASDAQ:GFS)‘s stock had its “buy” rating reiterated by analysts at TD Cowen in a report issued on Thursday, Benzinga reports. They currently have a $75.00 target price on the stock. TD Cowen’s target price would suggest a potential upside of 60.67% from the company’s previous close.

A number of other equities analysts have also weighed in on GFS. Zacks Research lowered shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. UBS Group lowered their price objective on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a research report on Wednesday, August 26th. Morgan Stanley reiterated a “negative” rating and issued a $60.00 price objective on shares of GlobalFoundries in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 target price on GlobalFoundries in a report on Monday, August 10th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, GlobalFoundries presently has a consensus rating of “Hold” and a consensus target price of $75.79.

GlobalFoundries Stock Down 4.3%

GFS stock traded down $2.08 during midday trading on Thursday, reaching $46.68. 6,105,932 shares of the company were exchanged, compared to its average volume of 4,369,710. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. GlobalFoundries has a 1-year low of $32.02 and a 1-year high of $92.55. The stock’s 50-day simple moving average is $47.65 and its 200 day simple moving average is $59.74. The company has a market cap of $25.61 billion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 1.55 and a beta of 1.77.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the firm posted $0.42 earnings per share. The company’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. On average, equities analysts forecast that GlobalFoundries will post 1.48 earnings per share for the current year.

Insider Activity

In other news, Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction dated 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 transaction, the director owned 14,867 shares of the company’s stock, valued at $865,556.74. This represents a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 6,760 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total transaction of $345,571.20. 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 16,925 shares of company stock valued at $874,765 in the last three months.

Hedge Funds Weigh In On GlobalFoundries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new position in shares of GlobalFoundries during the 3rd quarter valued at approximately $30,000. Krilogy Financial LLC boosted its stake in shares of GlobalFoundries by 7.9% during the 3rd quarter. Krilogy Financial LLC now owns 5,997 shares of the company’s stock valued at $290,000 after buying an additional 441 shares during the last quarter. HBK Investments L P purchased a new position in shares of GlobalFoundries during the 2nd quarter valued at approximately $989,000. Sequoia Financial Advisors LLC purchased a new position in shares of GlobalFoundries during the 2nd quarter valued at approximately $404,000. Finally, WINTON GROUP Ltd purchased a new position in shares of GlobalFoundries during the 2nd quarter valued at approximately $363,000.

Key Stories Impacting GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries will build two chip fabs in Malta, New York, with up to $21 billion in Japanese funding. The company is expected to operate the facilities without bearing the full construction cost, potentially improving the economics of future capacity expansion. Apple, General Motors, Cirrus Logic and Renesas are reportedly lined up as customers ahead of a planned 2029 start. GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
• Positive Sentiment: The Trump administration plans to increase its equity stake in GlobalFoundries from 3% to 7%, strengthening government support and aligning the company with U.S. semiconductor manufacturing and supply-chain priorities. Trump administration doubles its equity stake in GlobalFoundries
• Positive Sentiment: Samsung may add GlobalFoundries as a display-chip supplier to address Galaxy phone production issues, offering a potential near-term customer and revenue opportunity. Samsung may add GlobalFoundries as display chip supplier
• Positive Sentiment: TD Cowen reaffirmed its “buy” rating with a $75 price target, while Wedbush maintained a $72 target, indicating substantial upside in both analysts’ estimates. GlobalFoundries analyst ratings
• Neutral Sentiment: The stock’s retreat follows a sharp advance triggered by the U.S.-Japan manufacturing announcement. Investors appear to be reassessing the deal’s benefits rather than treating it as an immediate earnings catalyst. GlobalFoundries shares retreat as investors weigh US-Japan manufacturing deal
• Negative Sentiment: The new fabs are not expected to begin operating until 2029, leaving substantial construction, customer-ramp and execution risk before the investment can materially affect results. The market’s reaction indicates some investors are focused on this long lead time and the uncertainty surrounding the expanded government involvement. GlobalFoundries falls after Trump administration doubles its equity stake

GlobalFoundries Company Profile

GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers’ designs and supporting them through process development, wafer fabrication, packaging, and related services.

Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.