GlobalFoundries Inc. (NASDAQ:GFS) Stock Has Average Target Price of $74.32

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have been assigned a consensus recommendation of “Hold” from the twenty analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $74.63.

Several research firms recently commented on GFS. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of GlobalFoundries in a report on Tuesday, September 8th. Jefferies Financial Group set a $60.00 target price on GlobalFoundries in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GlobalFoundries in a research note on Wednesday, August 26th. UBS Group reduced their price target on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Zacks Research cut shares of GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th.

Insider Activity

In other news, insider Pradheepa Raman sold 6,760 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total transaction of $345,571.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of GlobalFoundries stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $58.22, for a total transaction of $232,880.00. Following the sale, the director directly owned 14,867 shares in the company, valued at approximately $865,556.74. The trade was a 21.20% 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. Insiders sold a total of 16,255 shares of company stock worth $842,668 over the last quarter.

Institutional Investors Weigh In On GlobalFoundries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in shares of GlobalFoundries in the 2nd quarter worth approximately $60,000. Parallel Advisors LLC increased its holdings in GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $37,000 after purchasing an additional 237 shares during the last quarter. Strategic Advocates LLC raised its position in GlobalFoundries by 95.1% in the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the period. Global Assets Advisory LLC purchased a new stake in GlobalFoundries in the first quarter valued at approximately $53,000. Finally, Western Wealth Management LLC acquired a new position in GlobalFoundries during the first quarter worth $68,000.

Trending Headlines about GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries reached a $2 billion, five-year agreement with TSMC to establish U.S.-based production of silicon interposers at its Malta, New York, facility. The components will support TSMC’s CoWoS advanced-packaging technology, which is increasingly used in AI and high-performance-computing systems. The deal should provide greater revenue visibility, expand GFS’s advanced-packaging capacity and strengthen its position in the domestic AI semiconductor supply chain. GlobalFoundries reaches agreement to establish U.S.-based supply of silicon interposers for advanced AI packaging
• Positive Sentiment: The TSMC arrangement links GlobalFoundries to rising demand for AI infrastructure while potentially benefiting from U.S. efforts to localize semiconductor manufacturing. Reports characterized the announcement as the primary catalyst behind the stock’s increase and its move toward a more than one-month high. GlobalFoundries signs $2bn, five-year deal with TSMC for production of advanced packaging components
• Positive Sentiment: GlobalFoundries also partnered with quantum-computing company Xanadu to help scale quantum chips and develop photonic components. Although the financial impact is not yet specified, the agreement could open a longer-term growth opportunity in emerging quantum hardware markets. Quantum firm Xanadu partners with GlobalFoundries for photonic component development
• Neutral Sentiment: BNP Paribas Exane raised its rating on GFS to “Hold,” indicating improved support at current levels but not signaling strong near-term upside. GlobalFoundries Stock Rating Raised to Hold at BNP Paribas Exane

GlobalFoundries Stock Performance

GFS opened at $49.36 on Friday. GlobalFoundries has a twelve month low of $32.02 and a twelve month high of $92.55. The firm has a market capitalization of $27.08 billion, a PE ratio of 38.56, a PEG ratio of 1.53 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. The firm’s 50-day moving average price is $47.87 and its 200 day moving average price is $59.62.

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

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. GlobalFoundries’s payout ratio is 37.50%.

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.