GlobalFoundries (NASDAQ:GFS) Stock Rating Reaffirmed as “Neutral” by Wedbush

GlobalFoundries (NASDAQ:GFS)‘s stock had its “neutral” rating reiterated by analysts at Wedbush in a research note issued on Thursday, Benzinga reports. They currently have a $72.00 price objective on the stock. Wedbush’s price objective points to a potential upside of 54.24% from the stock’s current price.

Several other research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft set a $75.00 price target on GlobalFoundries in a report on Monday, August 10th. Zacks Research lowered GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. BNP Paribas Exane lowered GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 price target on the stock. in a report on Monday, October 5th. Cantor Fitzgerald reiterated an “overweight” rating on shares of GlobalFoundries in a report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, GlobalFoundries presently has an average rating of “Hold” and a consensus target price of $75.79.

GlobalFoundries Stock Down 4.3%

NASDAQ:GFS traded down $2.08 on Thursday, hitting $46.68. The stock had a trading volume of 6,105,932 shares, compared to its average volume of 4,369,710. The business’s fifty day moving average is $47.65 and its 200 day moving average is $59.74. The company has a market cap of $25.61 billion, a PE ratio of 36.47, a P/E/G ratio of 1.55 and a beta of 1.77. The company has a quick ratio of 1.74, a current ratio of 2.48 and a debt-to-equity ratio of 0.13. GlobalFoundries has a 52 week low of $32.02 and a 52 week high of $92.55.

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

Insider Buying and Selling at GlobalFoundries

In related news, insider Pradheepa Raman sold 2,145 shares of the company’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $48.83, for a total transaction of $104,740.35. Following the completion of the sale, the insider owned 2,145 shares in the company, valued at approximately $104,740.35. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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. Also, Director Glenda Dorchak sold 4,000 shares of the stock in a transaction 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 have sold 16,925 shares of company stock valued at $874,765 in the last quarter.

Institutional Trading of GlobalFoundries

Several institutional investors and hedge funds have recently made changes to their positions in GFS. V Square Quantitative Management LLC purchased a new position in GlobalFoundries during the third quarter worth about $30,000. Krilogy Financial LLC increased its stake in GlobalFoundries by 7.9% in the 3rd quarter. Krilogy Financial LLC now owns 5,997 shares of the company’s stock valued at $290,000 after buying an additional 441 shares during the last quarter. HBK Investments L P bought a new position in shares of GlobalFoundries during the 2nd quarter worth approximately $989,000. Sequoia Financial Advisors LLC bought a new position in shares of GlobalFoundries during the 2nd quarter worth approximately $404,000. Finally, WINTON GROUP Ltd bought a new position in shares of GlobalFoundries during the 2nd quarter worth approximately $363,000.

More GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries will build two chip fabs in Malta, New York, with up to $21 billion in Japanese funding. The company is expected to operate the facilities without bearing the full construction cost, potentially improving the economics of future capacity expansion. Apple, General Motors, Cirrus Logic and Renesas are reportedly lined up as customers ahead of a planned 2029 start. GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
• Positive Sentiment: The Trump administration plans to increase its equity stake in GlobalFoundries from 3% to 7%, strengthening government support and aligning the company with U.S. semiconductor manufacturing and supply-chain priorities. Trump administration doubles its equity stake in GlobalFoundries
• Positive Sentiment: Samsung may add GlobalFoundries as a display-chip supplier to address Galaxy phone production issues, offering a potential near-term customer and revenue opportunity. Samsung may add GlobalFoundries as display chip supplier
• Positive Sentiment: TD Cowen reaffirmed its “buy” rating with a $75 price target, while Wedbush maintained a $72 target, indicating substantial upside in both analysts’ estimates. GlobalFoundries analyst ratings
• Neutral Sentiment: The stock’s retreat follows a sharp advance triggered by the U.S.-Japan manufacturing announcement. Investors appear to be reassessing the deal’s benefits rather than treating it as an immediate earnings catalyst. GlobalFoundries shares retreat as investors weigh US-Japan manufacturing deal
• Negative Sentiment: The new fabs are not expected to begin operating until 2029, leaving substantial construction, customer-ramp and execution risk before the investment can materially affect results. The market’s reaction indicates some investors are focused on this long lead time and the uncertainty surrounding the expanded government involvement. GlobalFoundries falls after Trump administration doubles its equity stake

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.