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

GlobalFoundries (NASDAQ:GFS)‘s stock had its “buy” rating reissued by stock analysts at TD Cowen in a research note issued to investors on Thursday, Benzinga reports. They currently have a $75.00 price objective on the stock. TD Cowen’s price target indicates a potential upside of 60.70% from the stock’s current price.

Several other research firms also recently issued reports on GFS. Robert W. Baird set a $140.00 price target on shares of GlobalFoundries in a research report on Thursday, August 6th. Stifel Nicolaus assumed coverage on shares of GlobalFoundries in a report on Tuesday, September 1st. They issued a “buy” rating and a $60.00 target price on the stock. Zacks Research cut shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Morgan Stanley reissued a “negative” rating and set a $60.00 price objective on shares of GlobalFoundries in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of GlobalFoundries in a report on Monday, August 10th. Eight research 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 Price Performance

GFS stock traded down $2.09 during mid-day trading on Thursday, hitting $46.67. The stock had a trading volume of 4,534,807 shares, compared to its average volume of 4,359,496. The firm has a fifty day simple moving average of $47.65 and a 200 day simple moving average of $59.74. The firm has a market capitalization of $25.61 billion, a P/E ratio of 36.46, a P/E/G ratio of 1.55 and a beta of 1.77. 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 has a 52 week low of $32.02 and a 52 week high of $92.55.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the business 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 forecast that GlobalFoundries will post 1.48 EPS for the current year.

Insiders Place Their Bets

In other GlobalFoundries news, Director Glenda Dorchak sold 4,000 shares of the business’s 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 transaction, the director owned 14,867 shares of the company’s stock, valued at $865,556.74. The trade was a 21.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 6,760 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total value of $345,571.20. The SEC filing for this sale provides additional information. 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

Hedge funds have recently bought and sold shares of the business. Sei Investments Co. grew its position in GlobalFoundries by 239.0% during the 1st quarter. Sei Investments Co. now owns 48,246 shares of the company’s stock valued at $2,146,000 after purchasing an additional 34,014 shares during the last quarter. Bank of America Corp DE increased its stake in shares of GlobalFoundries by 106.1% in the first quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after purchasing an additional 450,722 shares in the last quarter. First Trust Advisors LP boosted its stake in GlobalFoundries by 97.4% in the 1st quarter. First Trust Advisors LP now owns 264,837 shares of the company’s stock worth $11,780,000 after purchasing an additional 130,643 shares during the period. Janus Henderson Group PLC bought a new stake in GlobalFoundries in the 1st quarter valued at $1,108,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of GlobalFoundries in the second quarter worth about $3,067,000.

More GlobalFoundries News

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.