GlobalFoundries (NASDAQ:GFS) Upgraded at BNP Paribas Exane

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

Several other equities analysts also recently weighed in on GFS. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Jefferies Financial Group set a $60.00 price objective on shares of GlobalFoundries in a report on Wednesday, August 5th. Arete Research set a $95.00 target price on shares of GlobalFoundries in a research report on Wednesday, June 10th. Zacks Research downgraded GlobalFoundries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price objective on GlobalFoundries in a 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.63.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $48.07 on Monday. The business has a fifty day moving average of $47.88 and a 200 day moving average of $59.57. GlobalFoundries has a 1 year low of $32.02 and a 1 year high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. The firm has a market capitalization of $26.38 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 1.54 and a beta of 1.77.

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

GlobalFoundries Dividend Announcement

The company also recently disclosed 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. This represents a $0.48 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, September 23rd. GlobalFoundries’s payout ratio is 37.50%.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 4,000 shares of the business’s stock in a transaction that occurred 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 directly owned 14,867 shares in the company, valued at approximately $865,556.74. The trade was a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 6,760 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total value of $345,571.20. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,255 shares of company stock valued at $842,668 in the last three months.

Institutional Investors Weigh In On GlobalFoundries

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

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.