GlobalFoundries Inc. (NASDAQ:GFS) Receives $74.62 Average Target Price from Brokerages

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $74.6250.

A number of research firms recently commented on GFS. Loop Capital set a $80.00 price objective on GlobalFoundries in a research report on Monday, May 4th. Jefferies Financial Group reissued a “hold” rating and issued a $65.00 target price on shares of GlobalFoundries in a research report on Wednesday, May 6th. Cantor Fitzgerald upgraded GlobalFoundries from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $50.00 to $80.00 in a research note on Monday, May 4th. Needham & Company LLC boosted their price target on GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Arete Research set a $95.00 price target on shares of GlobalFoundries in a research report on Wednesday, June 10th.

Insider Buying and Selling

In other GlobalFoundries news, insider Michael James Hogan sold 500 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $70.90, for a total transaction of $35,450.00. Following the completion of the sale, the insider directly owned 795 shares of the company’s stock, valued at approximately $56,365.50. This represents a 38.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 335 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $77.36, for a total transaction of $25,915.60. Following the completion of the transaction, the insider owned 13,149 shares in the company, valued at $1,017,206.64. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 18,580 shares of company stock valued at $1,379,510.

Hedge Funds Weigh In On GlobalFoundries

Institutional investors have recently bought and sold shares of the stock. WealthCollab LLC grew its holdings in GlobalFoundries by 674.7% during the fourth quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after purchasing an additional 614 shares during the period. FNY Investment Advisers LLC purchased a new stake in GlobalFoundries in the second quarter worth about $60,000. True Wealth Design LLC raised its stake in shares of GlobalFoundries by 216.7% in the fourth quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after buying an additional 544 shares during the period. Parallel Advisors LLC raised its stake in shares of GlobalFoundries by 39.8% in the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after buying an additional 237 shares during the period. Finally, Covestor Ltd raised its stake in shares of GlobalFoundries by 57.6% in the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after buying an additional 349 shares during the period.

GlobalFoundries Stock Up 4.5%

Shares of GlobalFoundries stock opened at $59.39 on Friday. GlobalFoundries has a twelve month low of $31.51 and a twelve month high of $92.55. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $75.82 and its 200 day moving average is $57.81. The company has a market cap of $32.59 billion, a price-to-earnings ratio of 42.73, a price-to-earnings-growth ratio of 2.02 and a beta of 1.76.

GlobalFoundries (NASDAQ:GFS) last announced its earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Research analysts anticipate that GlobalFoundries will post 1.37 EPS for the current year.

GlobalFoundries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, June 24th. GlobalFoundries’s payout ratio is 34.53%.

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.