GlobalFoundries (NASDAQ:GFS) Stock Bumped Up to Hold by BNP Paribas Exane

BNP Paribas Exane upgraded shares of GlobalFoundries (NASDAQ:GFS) to a hold rating in a report released on Monday,Zacks reports.

A number of other equities analysts have also weighed in on GFS. UBS Group lowered their price target on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. TD Cowen decreased their target price on shares of GlobalFoundries from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Stifel Nicolaus initiated coverage on GlobalFoundries in a research report on Tuesday, September 1st. They issued a “buy” rating and a $60.00 price target for the company. Finally, Zacks Research cut GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.63.

GlobalFoundries Trading Down 1.2%

Shares of GFS stock opened at $48.07 on Monday. The stock’s fifty day moving average is $47.88 and its two-hundred day moving average is $59.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The firm has a market capitalization of $26.38 billion, a P/E ratio of 37.55, a PEG ratio of 1.54 and a beta of 1.77. GlobalFoundries has a fifty-two week low of $32.02 and a fifty-two week high of $92.55.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) 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 analyst estimates of $1.77 billion. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Research analysts expect that GlobalFoundries will post 1.48 earnings per share for the current fiscal year.

GlobalFoundries Dividend Announcement

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

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries 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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 2,145 shares of GlobalFoundries 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. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 16,255 shares of company stock valued at $842,668.

Institutional Investors Weigh In On GlobalFoundries

A number of institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd boosted its holdings in GlobalFoundries by 844.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 62,593 shares of the company’s stock valued at $2,186,000 after acquiring an additional 55,967 shares during the period. Sei Investments Co. grew its position in GlobalFoundries by 239.0% in the 1st quarter. Sei Investments Co. now owns 48,246 shares of the company’s stock valued at $2,146,000 after acquiring an additional 34,014 shares in the last quarter. Bank of America Corp DE increased its stake in GlobalFoundries by 106.1% during the first quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after purchasing an additional 450,722 shares during the period. First Trust Advisors LP increased its stake in GlobalFoundries by 97.4% during the first quarter. First Trust Advisors LP now owns 264,837 shares of the company’s stock worth $11,780,000 after purchasing an additional 130,643 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in shares of GlobalFoundries during the first quarter worth about $1,108,000.

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.