GlobalFoundries (NASDAQ:GFS) Given “Neutral” Rating at Wedbush

GlobalFoundries (NASDAQ:GFS)‘s stock had its “neutral” rating reissued by equities research analysts at Wedbush in a research note issued on Thursday, Benzinga reports. They presently have a $72.00 target price on the stock. Wedbush’s price objective would suggest a potential upside of 47.66% from the stock’s previous close.

A number of other equities analysts also recently commented on GFS. Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a report on Wednesday, August 5th. UBS Group lowered their target price on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Robert W. Baird set a $140.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research report on Wednesday, August 26th. Finally, Stifel Nicolaus assumed coverage on shares of GlobalFoundries in a report on Tuesday, September 1st. They issued a “buy” rating and a $60.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $75.79.

GlobalFoundries Trading Down 0.4%

NASDAQ:GFS opened at $48.76 on Thursday. The company has a market cap of $26.75 billion, a PE ratio of 38.09, a P/E/G ratio of 1.55 and a beta of 1.77. The business’s 50 day moving average is $47.65 and its two-hundred day moving average is $59.74. 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 issued its quarterly 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. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, analysts predict that GlobalFoundries will post 1.48 EPS for the current year.

Insider Activity at GlobalFoundries

In other GlobalFoundries news, Director Glenda Dorchak sold 4,000 shares of the stock in a transaction 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 sale, the director directly owned 14,867 shares of the company’s stock, valued at $865,556.74. This trade represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 2,145 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $48.83, for a total value of $104,740.35. Following the completion of the sale, the insider owned 2,145 shares in the company, valued at $104,740.35. The trade was a 50.00% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 16,590 shares of company stock worth $859,087.

Hedge Funds Weigh In On GlobalFoundries

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

Key Stories 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 backed by up to $21 billion in Japanese funding. The facilities could add as much as 1.8 million 300mm wafers of annual capacity, while allowing GFS to expand without shouldering the full capital burden. GlobalFoundries selected to operate two new semiconductor fabs
• Positive Sentiment: The deal is attracting bullish analyst commentary. TD Cowen reaffirmed a “buy” rating with a $75 price target, while Wedbush praised the New York fab agreement and maintained a $72 target, both implying substantial potential upside from recent levels.
• Positive Sentiment: Samsung may add GlobalFoundries as a display-chip supplier to address Galaxy phone production issues. Although not yet finalized, the potential relationship could broaden GFS’s customer base and support utilization.
• Neutral Sentiment: The U.S. government is increasing its equity stake in GlobalFoundries, reportedly from 3% to 7%, while partnering on the new plants. The larger stake reinforces government support for GFS and domestic chip production, but the associated equity issuance could modestly dilute existing shareholders.
• Neutral Sentiment: The new fabs are expected to begin meaningful production around 2029, making this primarily a long-term growth catalyst rather than an immediate earnings driver. Construction, equipment delays and future demand remain execution risks.
• Negative Sentiment: Shares retreated as investors took profits following the prior day’s rally and weighed the government stake, potential dilution and the long wait for revenue from the New York expansion. GFS also trades at a relatively elevated valuation—about 38 times trailing earnings—despite a consensus rating near “hold.” 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.