GlobalFoundries (NASDAQ:GFS) Given “Buy” Rating at TD Cowen

GlobalFoundries (NASDAQ:GFS)‘s stock had its “buy” rating reissued by research analysts at TD Cowen in a research note issued to investors on Thursday, Benzinga reports. They presently have a $75.00 price target on the stock. TD Cowen’s target price indicates a potential upside of 57.15% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on GlobalFoundries in a research report on Monday, August 10th. Robert W. Baird set a $140.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Cantor Fitzgerald reiterated an “overweight” rating on shares of GlobalFoundries in a research note on Thursday. Stifel Nicolaus began coverage on shares of GlobalFoundries in a report on Tuesday, September 1st. They set a “buy” rating and a $60.00 price target on the stock. Finally, BNP Paribas Exane lowered shares of GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research report on Monday, October 5th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $75.79.

GlobalFoundries Stock Performance

Shares of NASDAQ GFS traded down $1.21 during trading on Thursday, reaching $47.73. 5,692,070 shares of the company traded hands, compared to its average volume of 4,344,399. The firm’s fifty day simple moving average is $47.69 and its 200 day simple moving average is $59.70. The stock has a market cap of $26.19 billion, a P/E ratio of 37.38, a PEG ratio of 1.48 and a beta of 1.77. GlobalFoundries has a 12-month low of $32.02 and a 12-month high of $92.55. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, research analysts anticipate 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 stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $58.22, for a total transaction of $232,880.00. Following the transaction, the director owned 14,867 shares in the company, valued at $865,556.74. This trade represents a 21.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 2,145 shares of GlobalFoundries stock in a transaction on Monday, September 28th. The shares were sold at an average price of $48.83, for a total transaction of $104,740.35. Following the completion of the sale, the insider directly owned 2,145 shares in the company, valued at $104,740.35. This represents a 50.00% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 16,590 shares of company stock valued at $859,087 over the last 90 days.

Hedge Funds Weigh In On GlobalFoundries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GFS. Bessemer Group Inc. raised its position in shares of GlobalFoundries by 8,275,141.2% during the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after purchasing an additional 2,813,548 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in GlobalFoundries by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company’s stock worth $59,571,000 after buying an additional 31,590 shares during the last quarter. Bank of America Corp DE boosted its holdings in GlobalFoundries by 106.1% in the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after buying an additional 450,722 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of GlobalFoundries by 322.8% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company’s stock valued at $31,803,000 after acquiring an additional 545,900 shares during the last quarter. Finally, Atreides Management LP purchased a new position in shares of GlobalFoundries in the first quarter valued at approximately $21,110,000.

Key Headlines Impacting GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Japan plans to provide up to $21 billion to support two new GlobalFoundries-operated semiconductor fabs in New York. The facilities could add as much as 1.8 million 300mm wafers of annual capacity, while allowing GlobalFoundries to expand without funding the full construction cost. GlobalFoundries shares retreat as investors weigh US-Japan manufacturing deal
• Positive Sentiment: The agreement strengthens GlobalFoundries’ position in domestic and allied semiconductor supply chains, with reported commercial interest from Apple, General Motors, Cirrus Logic and Renesas. The first fab is expected to begin construction in late 2026, with meaningful revenue contributions projected around 2029. GlobalFoundries selected to operate two new semiconductor fabs
• Positive Sentiment: TD Cowen reaffirmed a Buy rating with a $75 price target, while Wedbush maintained a Neutral rating but raised its target to $72. Both targets imply substantial upside from recent trading levels.
• Neutral Sentiment: The U.S. government is reportedly increasing its equity stake in GlobalFoundries, potentially from 3% to 7%. Government participation may reinforce strategic support, but the associated equity issuance or stake changes could dilute existing shareholders. Japan Is Putting Up to $21 Billion Into New GlobalFoundries Chip Plants
• Negative Sentiment: The pullback reflects profit-taking after the previous day’s deal-driven advance. Investors must also weigh execution risks, construction delays and the long wait before the new fabs generate revenue. Existing valuation metrics remain demanding, with the stock trading at roughly 38 times earnings.

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.