GlobalFoundries (NASDAQ:GFS) Given Neutral Rating at Wedbush

GlobalFoundries (NASDAQ:GFS)‘s stock had its “neutral” rating reiterated by analysts at Wedbush in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $72.00 target price on the stock. Wedbush’s price objective would suggest a potential upside of 47.66% from the company’s current price.

Several other analysts have also issued reports on the company. Morgan Stanley reaffirmed a “negative” rating and issued a $60.00 target price on shares of GlobalFoundries in a research note on Thursday, August 6th. UBS Group reduced their target price on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on GlobalFoundries in a research note on Monday, August 10th. Stifel Nicolaus began coverage on GlobalFoundries in a report on Tuesday, September 1st. They issued a “buy” rating and a $60.00 target price on the stock. Finally, Jefferies Financial Group set a $60.00 target price on GlobalFoundries in a report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.79.

GlobalFoundries Stock Performance

Shares of GFS stock traded down $0.18 on Thursday, hitting $48.76. 8,561,092 shares of the stock were exchanged, compared to its average volume of 4,360,811. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $26.75 billion, a PE ratio of 38.09, a P/E/G ratio of 1.48 and a beta of 1.77. GlobalFoundries has a one year low of $32.02 and a one year high of $92.55. The firm’s 50 day moving average is $47.69 and its two-hundred day moving average is $59.70.

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

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $58.22, for a total value of $232,880.00. Following the transaction, the director owned 14,867 shares of the company’s stock, valued at $865,556.74. This trade represents a 21.20% 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, insider Pradheepa Raman sold 2,145 shares of the firm’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $48.83, for a total value of $104,740.35. Following the completion of the transaction, the insider directly owned 2,145 shares in the company, valued at $104,740.35. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 ninety days, insiders have sold 16,590 shares of company stock valued at $859,087.

Institutional Trading of GlobalFoundries

Several institutional investors have recently made changes to their positions in GFS. V Square Quantitative Management LLC purchased a new stake in shares of GlobalFoundries during the third quarter worth about $30,000. Krilogy Financial LLC grew its position in shares of GlobalFoundries by 7.9% during the third quarter. Krilogy Financial LLC now owns 5,997 shares of the company’s stock worth $290,000 after purchasing an additional 441 shares in the last quarter. HBK Investments L P purchased a new stake in shares of GlobalFoundries during the second quarter worth about $989,000. Sequoia Financial Advisors LLC purchased a new stake in shares of GlobalFoundries during the second quarter worth about $404,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of GlobalFoundries during the second quarter worth about $363,000.

GlobalFoundries News Summary

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries was selected to build and operate two new semiconductor fabs in New York under a U.S.-Japan agreement that could provide up to $21 billion in funding. The facilities could eventually add as much as 1.8 million 300mm wafers of annual capacity, while limiting GlobalFoundries’ need to fund the construction entirely from its own balance sheet. GlobalFoundries selected to operate two new semiconductor fabs in New York
• Positive Sentiment: The U.S. government plans to more than double its equity stake in GlobalFoundries, reportedly increasing ownership from approximately 3% to 7%. The investment reinforces government support for domestic chip production, although the associated equity issuance could create some dilution. Trump administration doubles its equity stake in GlobalFoundries
• Positive Sentiment: TD Cowen reaffirmed its Buy rating with a $75 price target, while Wedbush maintained a Neutral rating but set a $72 target. The targets imply substantial upside from the current trading level and reflect optimism about the New York expansion.
• Positive Sentiment: Samsung may consider GlobalFoundries as an additional display-chip supplier for Galaxy phones, potentially creating a new customer relationship and helping Samsung address production issues. Samsung may add GlobalFoundries as a display chip supplier
• Neutral Sentiment: The new fabs are not expected to contribute meaningful revenue until around 2029, leaving investors exposed to construction, equipment and execution risks. The agreement also includes commercial commitments from customers such as Apple, General Motors, Cirrus Logic and Renesas, which could support future utilization.
• Negative Sentiment: After the earlier rally, investors appear to be taking profits and reassessing the deal’s near-term value. The stock’s elevated valuation and the prospect of government-related dilution are weighing against the long-term strategic benefits. GlobalFoundries shares retreat as investors weigh US-Japan manufacturing deal

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.