GlobalFoundries’ (GFS) Neutral Rating Reaffirmed at Wedbush

GlobalFoundries (NASDAQ:GFS)‘s stock had its “neutral” rating restated by research analysts at Wedbush in a report released on Thursday, Benzinga reports. They presently have a $72.00 price target on the stock. Wedbush’s price objective suggests a potential upside of 47.66% from the company’s current price.

GFS has been the topic of a number of other reports. BNP Paribas Exane lowered shares of GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of GlobalFoundries in a report on Monday, August 10th. UBS Group reduced their price objective on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Robert W. Baird set a $140.00 price objective on shares of GlobalFoundries in a report on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Eight equities 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.com, GlobalFoundries currently has an average rating of “Hold” and a consensus price target of $75.79.

GlobalFoundries Stock Down 0.4%

GlobalFoundries stock traded down $0.18 during mid-day trading on Thursday, reaching $48.76. 8,561,092 shares of the company’s stock were exchanged, compared to its average volume of 4,360,811. The company has a market cap of $26.75 billion, a P/E ratio of 38.09, a P/E/G ratio of 1.48 and a beta of 1.77. GlobalFoundries has a twelve month low of $32.02 and a twelve month high of $92.55. 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 company has a fifty day moving average of $47.69 and a 200-day moving average of $59.70.

GlobalFoundries (NASDAQ:GFS) last released 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. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. 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 business earned $0.42 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Sell-side analysts expect that GlobalFoundries will post 1.48 EPS for the current year.

Insider Buying and Selling at GlobalFoundries

In related news, 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 sale, the insider directly owned 2,145 shares in the company, valued at $104,740.35. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 GlobalFoundries stock in a transaction 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 sale, the director owned 14,867 shares in the company, valued at $865,556.74. This represents 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 a total of 16,590 shares of company stock worth $859,087 over the last quarter.

Institutional Investors Weigh In On GlobalFoundries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its stake 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 acquiring an additional 154 shares in the last quarter. Parallel Advisors LLC raised its stake 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 acquiring an additional 237 shares in the last quarter. California State Teachers Retirement System raised its stake in GlobalFoundries by 5.3% during the 1st quarter. California State Teachers Retirement System now owns 6,735 shares of the company’s stock worth $300,000 after acquiring an additional 340 shares in the last quarter. HB Wealth Management LLC raised its stake in GlobalFoundries by 7.0% during the 2nd quarter. HB Wealth Management LLC now owns 5,472 shares of the company’s stock worth $451,000 after acquiring an additional 358 shares in the last quarter. Finally, Krilogy Financial LLC grew its holdings in shares of GlobalFoundries by 7.9% during the third quarter. Krilogy Financial LLC now owns 5,997 shares of the company’s stock worth $290,000 after buying an additional 441 shares during the last quarter.

Key Headlines Impacting GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries was selected to build and operate two new semiconductor fabs in New York under a U.S.-Japan agreement that could provide up to $21 billion in funding. The facilities could eventually add as much as 1.8 million 300mm wafers of annual capacity, while limiting GlobalFoundries’ need to fund the construction entirely from its own balance sheet. GlobalFoundries selected to operate two new semiconductor fabs in New York
• Positive Sentiment: The U.S. government plans to more than double its equity stake in GlobalFoundries, reportedly increasing ownership from approximately 3% to 7%. The investment reinforces government support for domestic chip production, although the associated equity issuance could create some dilution. 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 set a $72 target. The targets imply substantial upside from the current trading level and reflect optimism about the New York expansion.
• Positive Sentiment: Samsung may consider GlobalFoundries as an additional display-chip supplier for Galaxy phones, potentially creating a new customer relationship and helping Samsung address production issues. Samsung may add GlobalFoundries as a display chip supplier
• Neutral Sentiment: The new fabs are not expected to contribute meaningful revenue until around 2029, leaving investors exposed to construction, equipment and execution risks. The agreement also includes commercial commitments from customers such as Apple, General Motors, Cirrus Logic and Renesas, which could support future utilization.
• Negative Sentiment: After the earlier rally, investors appear to be taking profits and reassessing the deal’s near-term value. The stock’s elevated valuation and the prospect of government-related dilution are weighing against the long-term strategic benefits. 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.