GlobalFoundries’ (GFS) “Neutral” Rating Reiterated at Wedbush

GlobalFoundries (NASDAQ:GFS)‘s stock had its “neutral” rating restated by equities researchers at Wedbush in a report issued on Thursday, Benzinga reports. They presently have a $72.00 target price on the stock. Wedbush’s price objective would suggest a potential upside of 47.70% from the company’s current price.

Several other brokerages have also weighed in on GFS. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a research report on Wednesday, August 26th. Cantor Fitzgerald restated an “overweight” rating on shares of GlobalFoundries in a report on Thursday. Morgan Stanley restated a “negative” rating and issued a $60.00 price objective on shares of GlobalFoundries in a report on Thursday, August 6th. Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a report on Wednesday, August 5th. Finally, UBS Group cut their price target on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, GlobalFoundries has an average rating of “Hold” and an average price target of $75.79.

GlobalFoundries Price Performance

GlobalFoundries stock traded down $0.19 during trading on Thursday, reaching $48.75. The company had a trading volume of 6,676,819 shares, compared to its average volume of 4,349,342. The firm’s 50-day simple moving average is $47.69 and its 200 day simple moving average is $59.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The firm has a market capitalization of $26.75 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 1.48 and a beta of 1.77. GlobalFoundries has a 1-year low of $32.02 and a 1-year high of $92.55.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, topping 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 business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. The company’s quarterly revenue 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 research analysts anticipate that GlobalFoundries will post 1.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Pradheepa Raman sold 6,760 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $51.12, for a total value of $345,571.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 that occurred on Monday, July 20th. The shares were sold at an average price of $58.22, for a total value of $232,880.00. Following the completion of the sale, the director directly owned 14,867 shares of the company’s stock, valued at $865,556.74. The trade was a 21.20% decrease in their ownership of the stock. 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. Insiders sold 16,590 shares of company stock valued at $859,087 over the last ninety days.

Institutional Investors Weigh In On GlobalFoundries

Large investors have recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new stake in shares of GlobalFoundries during the second quarter worth approximately $60,000. Parallel Advisors LLC raised its position in GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after acquiring an additional 237 shares in the last quarter. Global Assets Advisory LLC purchased a new position in GlobalFoundries in the first quarter worth $53,000. Western Wealth Management LLC purchased a new position in GlobalFoundries in the first quarter worth $68,000. Finally, PNC Financial Services Group Inc. raised its position in GlobalFoundries by 8.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock worth $87,000 after acquiring an additional 154 shares in the last quarter.

Key GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Japan may provide up to $21 billion to support two new GlobalFoundries fabs in New York. The facilities could add up to 1.8 million 300mm wafers of annual capacity, while GlobalFoundries operates the plants without bearing the full construction cost. The first facility is expected to begin development in late 2026, with meaningful revenue anticipated around 2029. GlobalFoundries Stock Extends Rally on Chip Deal Worth Up to $21 Billion
• Positive Sentiment: The agreement includes potential commercial commitments from customers including Apple, General Motors, Cirrus Logic and Renesas, which could improve utilization and reduce the risk of building excess capacity. GlobalFoundries selected to operate two new semiconductor fabs
• Positive Sentiment: TD Cowen reaffirmed its Buy rating with a $75 price target, while Wedbush maintained Neutral with a $72 target. Both targets imply substantial upside from recent trading levels. GlobalFoundries in focus as Wedbush praises New York fab deal
• Neutral Sentiment: Samsung is reportedly considering GlobalFoundries as a display-chip supplier to help resolve Galaxy phone production issues, potentially adding a customer opportunity, though no agreement has been finalized. Samsung may add GlobalFoundries as display chip supplier
• Negative Sentiment: The U.S. government is reportedly increasing its equity stake from roughly 3% to 7%. Although the investment supports expansion, the larger ownership position raises concerns about shareholder dilution and government involvement. GlobalFoundries falls after government doubles its equity stake
• Negative Sentiment: Investors are also questioning the near-term payoff: the new fabs will require years of construction and may not contribute significant revenue until 2029. The pullback reflects profit-taking after the initial deal-driven surge rather than a deterioration in current operating results. 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.