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

GlobalFoundries (NASDAQ:GFS)‘s stock had its “buy” rating reissued by equities research analysts at TD Cowen in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $75.00 price target on the stock. TD Cowen’s target price suggests a potential upside of 53.81% from the company’s current price.

Several other equities research analysts have also weighed in on the company. Zacks Research lowered GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Stifel Nicolaus assumed coverage on GlobalFoundries in a research note on Tuesday, September 1st. They issued a “buy” rating and a $60.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a research note on Wednesday, August 26th. Wedbush reiterated a “neutral” rating and issued a $72.00 price objective on shares of GlobalFoundries in a research note on Thursday. Finally, UBS Group lowered their price objective on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Eight equities research 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’s stock. According to data from MarketBeat, GlobalFoundries has an average rating of “Hold” and an average target price of $75.79.

GlobalFoundries Price Performance

GFS traded down $0.18 during midday trading on Thursday, reaching $48.76. 8,521,243 shares of the company’s stock were exchanged, compared to its average volume of 4,352,208. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $47.69 and a two-hundred day simple moving average of $59.70. The firm has a market capitalization of $26.75 billion, a price-to-earnings ratio of 38.09, a price-to-earnings-growth 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.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data 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 company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company posted $0.42 EPS. The company’s 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, research analysts predict that GlobalFoundries will post 1.48 EPS for the current year.

Insider Activity at GlobalFoundries

In other news, insider Pradheepa Raman sold 6,760 shares of the business’s 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 sale was disclosed in a filing with the SEC, which is available 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 business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $58.22, for a total value of $232,880.00. Following the completion of the transaction, the director directly owned 14,867 shares in the company, valued at $865,556.74. The trade was a 21.20% decrease in their ownership of the stock. 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 16,590 shares of company stock worth $859,087 over the last three months.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GFS. Parallel Advisors LLC boosted its holdings in shares of GlobalFoundries by 39.8% in the 1st 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 acquired a new position in GlobalFoundries during the 1st quarter worth $53,000. FNY Investment Advisers LLC acquired a new position in GlobalFoundries during the 2nd quarter worth $60,000. Western Wealth Management LLC acquired a new position in GlobalFoundries during the 1st quarter worth $68,000. Finally, PNC Financial Services Group Inc. lifted its holdings in GlobalFoundries by 8.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock worth $87,000 after buying an additional 154 shares in the last quarter.

More 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

About GlobalFoundries

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.