GlobalFoundries (NASDAQ:GFS) Earns “Buy” Rating from TD Cowen

GlobalFoundries (NASDAQ:GFS)‘s stock had its “buy” rating restated by equities research analysts at TD Cowen in a report issued on Thursday, Benzinga reports. They presently have a $75.00 target price on the stock. TD Cowen’s price objective indicates a potential upside of 53.81% from the stock’s current price.

A number of other equities research analysts have also recently commented on GFS. 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 for the company. BNP Paribas Exane downgraded 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. UBS Group cut their price target 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. Morgan Stanley reissued a “negative” rating and issued a $60.00 price target on shares of GlobalFoundries in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price target on GlobalFoundries in a research report on Monday, August 10th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $75.79.

GlobalFoundries Trading Down 0.4%

GlobalFoundries stock traded down $0.18 during trading hours on Thursday, reaching $48.76. 8,556,890 shares of the company’s stock were exchanged, compared to its average volume of 4,360,646. The firm’s 50 day simple moving average is $47.69 and its 200 day simple moving average is $59.70. GlobalFoundries has a twelve month low of $32.02 and a twelve month high of $92.55. The firm has a market capitalization of $26.75 billion, a PE ratio of 38.09, a PEG ratio of 1.48 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 (NASDAQ:GFS) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Research analysts predict that GlobalFoundries will post 1.48 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 4,000 shares of the firm’s 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 completion of the sale, the director 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 legal filing with the SEC, which is available through 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 stock in a transaction on Monday, September 28th. The stock was sold at an average price of $48.83, for a total value of $104,740.35. Following the completion of the transaction, the insider owned 2,145 shares of the company’s stock, valued at approximately $104,740.35. This trade represents a 50.00% decrease in their position. 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 have sold 16,590 shares of company stock valued at $859,087.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. increased its position in shares of GlobalFoundries by 8,275,141.2% during the 1st quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock valued at $125,147,000 after purchasing an additional 2,813,548 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of GlobalFoundries by 322.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company’s stock worth $31,803,000 after buying an additional 545,900 shares during the period. Atreides Management LP purchased a new stake in shares of GlobalFoundries in the 1st quarter worth $21,110,000. Bank of America Corp DE lifted its holdings in shares of GlobalFoundries by 106.1% in the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after buying an additional 450,722 shares during the period. Finally, Delta Global Management LP purchased a new stake in shares of GlobalFoundries during the 1st quarter worth $17,430,000.

Key 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

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.