GlobalFoundries (NASDAQ:GFS) Earns “Neutral” Rating from Wedbush

GlobalFoundries (NASDAQ:GFS)‘s stock had its “neutral” rating restated by research analysts at Wedbush in a research note issued to investors on Thursday, Benzinga reports. They presently have a $72.00 price target on the stock. Wedbush’s price target indicates a potential upside of 54.24% from the stock’s previous close.

A number of other research firms have also issued reports on GFS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. UBS Group reduced their price objective on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. TD Cowen reduced their price objective on GlobalFoundries from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Jefferies Financial Group set a $60.00 target price on GlobalFoundries in a report on Wednesday, August 5th. Finally, BNP Paribas Exane downgraded shares of GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 target price on the stock. in a report on Monday, October 5th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $75.79.

GlobalFoundries Stock Down 4.3%

GFS stock traded down $2.08 during mid-day trading on Thursday, hitting $46.68. 6,104,476 shares of the company were exchanged, compared to its average volume of 4,369,584. The company has a market capitalization of $25.61 billion, a PE ratio of 36.47, a price-to-earnings-growth ratio of 1.55 and a beta of 1.77. GlobalFoundries has a twelve month low of $32.02 and a twelve month high of $92.55. The firm has a fifty day simple moving average of $47.65 and a 200 day simple moving average of $59.74. 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 earnings per share (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 analysts’ expectations of $1.77 billion. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. GlobalFoundries’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, research analysts forecast that GlobalFoundries will post 1.48 earnings per share for the current fiscal year.

Insider Activity

In other GlobalFoundries news, insider Pradheepa Raman sold 6,760 shares of GlobalFoundries stock in a transaction dated 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 SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the company’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 sale, the director owned 14,867 shares in the company, valued at $865,556.74. The trade was a 21.20% 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. Insiders have sold a total of 16,590 shares of company stock worth $859,087 in the last quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in shares of GlobalFoundries in the 3rd quarter valued at about $30,000. FNY Investment Advisers LLC bought a new position in shares of GlobalFoundries in the second quarter valued at $60,000. Parallel Advisors LLC increased its holdings in GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after purchasing an additional 237 shares in the last quarter. Global Assets Advisory LLC bought a new position in GlobalFoundries during the 1st quarter valued at $53,000. Finally, Western Wealth Management LLC bought a new position in shares of GlobalFoundries in the first quarter valued at approximately $68,000.

GlobalFoundries News Roundup

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries will build two semiconductor fabs in Malta, New York, with up to $21 billion in Japanese-backed funding. Apple, General Motors, Cirrus Logic and Renesas are reportedly lined up as customers ahead of a planned 2029 start, potentially giving GFS substantial external support and future production demand. GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
• Positive Sentiment: The U.S. government plans to increase its equity stake in GlobalFoundries from approximately 3% to 7%, strengthening government support for domestic semiconductor capacity and helping finance the new plant initiative. 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 raised its target to $72. The targets imply significant upside from recent trading levels.
• Neutral Sentiment: Samsung may add GlobalFoundries as a display-chip supplier to help resolve Galaxy phone production issues. If finalized, the arrangement could diversify GFS’s customer base, but it remains an unconfirmed possibility. Samsung may add GlobalFoundries as display chip supplier
• Negative Sentiment: The shares retreated after rising on the manufacturing announcement, indicating profit-taking and investor caution as markets evaluate the deal’s economics, long construction timeline and implications of the larger government equity stake. 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.