GlobalFoundries (NASDAQ:GFS) Shares Gap Up – Here’s What Happened

GlobalFoundries Inc. (NASDAQ:GFS)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $54.75, but opened at $58.44. GlobalFoundries shares last traded at $59.18, with a volume of 1,449,809 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GFS shares. Wedbush increased their price target on shares of GlobalFoundries from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Weiss Ratings upgraded shares of GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Dbs Bank cut shares of GlobalFoundries from a “moderate buy” rating to a “hold” rating in a report on Friday, February 13th. TD Cowen reiterated a “buy” rating on shares of GlobalFoundries in a report on Thursday, February 12th. Finally, Morgan Stanley set a $43.00 price target on shares of GlobalFoundries in a report on Monday, February 9th. Six equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, GlobalFoundries has a consensus rating of “Hold” and an average price target of $46.13.

GlobalFoundries Stock Up 7.1%

The company has a quick ratio of 1.95, a current ratio of 2.62 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $46.15 and its 200-day moving average is $40.45. The company has a market cap of $32.63 billion, a PE ratio of 36.75, a PEG ratio of 2.16 and a beta of 1.46.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Wednesday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.08. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. GlobalFoundries has set its Q1 2026 guidance at 0.300-0.400 EPS. On average, analysts predict that GlobalFoundries Inc. will post 1.31 EPS for the current year.

Insider Transactions at GlobalFoundries

In related news, insider Michael James Hogan sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $48.31, for a total value of $86,958.00. Following the sale, the insider owned 18,995 shares in the company, valued at approximately $917,648.45. This trade represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,900 shares of company stock valued at $311,955 in the last 90 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in GlobalFoundries by 7.9% in the third quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock worth $106,172,000 after acquiring an additional 217,866 shares during the period. AQR Capital Management LLC raised its position in GlobalFoundries by 9.9% in the fourth quarter. AQR Capital Management LLC now owns 2,865,046 shares of the company’s stock worth $100,047,000 after acquiring an additional 257,254 shares during the period. First Trust Advisors LP raised its position in GlobalFoundries by 15.2% in the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock worth $95,315,000 after acquiring an additional 350,743 shares during the period. Marshall Wace LLP raised its position in GlobalFoundries by 126.0% in the fourth quarter. Marshall Wace LLP now owns 2,382,003 shares of the company’s stock worth $83,180,000 after acquiring an additional 1,328,129 shares during the period. Finally, ArrowMark Colorado Holdings LLC raised its position in GlobalFoundries by 5.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,274,261 shares of the company’s stock worth $81,510,000 after acquiring an additional 124,812 shares during the period.

About GlobalFoundries

GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.