GlobalFoundries (NASDAQ:GFS) Stock Gets Price Target Reduction from Morgan Stanley

GlobalFoundries (NASDAQ:GFS) had its target price cut by Morgan Stanley from $60.00 to $56.00 in a report issued on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts have also commented on the company. UBS Group cut their price target on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Wedbush reissued a “neutral” rating and issued a $72.00 price objective on shares of GlobalFoundries in a report on Thursday, October 15th. BNP Paribas Exane lowered shares of GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Monday, October 5th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of GlobalFoundries in a report on Thursday, October 15th. Finally, Robert W. Baird set a $140.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, GlobalFoundries currently has a consensus rating of “Hold” and an average target price of $73.74.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $40.34 on Monday. The stock’s 50-day moving average is $46.18 and its two-hundred day moving average is $54.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. GlobalFoundries has a 1 year low of $32.02 and a 1 year high of $92.55. The firm has a market cap of $22.13 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 1.36 and a beta of 1.78.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Wednesday, November 4th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. Analysts predict that GlobalFoundries will post 1.48 earnings per share for the current year.

GlobalFoundries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 14th. Stockholders of record on Tuesday, December 22nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. GlobalFoundries’s payout ratio is presently 37.50%.

Insider Activity at GlobalFoundries

In other news, insider Pradheepa Raman sold 2,145 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $48.83, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Insiders sold a total of 12,590 shares of company stock worth $620,877 in the last three months.

Institutional Investors Weigh In On GlobalFoundries

Several hedge funds have recently modified their holdings of GFS. PNC Financial Services Group Inc. increased its position in GlobalFoundries by 8.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock worth $87,000 after purchasing an additional 154 shares during the period. Parallel Advisors LLC raised its stake in shares of GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after buying an additional 237 shares in the last quarter. Signaturefd LLC raised its stake in shares of GlobalFoundries by 22.3% during the 3rd quarter. Signaturefd LLC now owns 1,370 shares of the company’s stock worth $66,000 after buying an additional 250 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of GlobalFoundries by 4.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,751 shares of the company’s stock valued at $276,000 after buying an additional 258 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of GlobalFoundries by 5.3% in the 1st quarter. California State Teachers Retirement System now owns 6,735 shares of the company’s stock valued at $300,000 after buying an additional 340 shares during the period.

More GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Q3 2026 adjusted earnings were $0.53 per share, above the $0.51 consensus estimate; revenue of $1.90 billion also topped the $1.89 billion estimate. Revenue increased 12.5% year over year. GlobalFoundries Q3 results
• Neutral Sentiment: The earnings beat was relatively narrow. The reports provided here do not detail enough of management’s outlook to determine whether the quarter changed expectations for future growth. Q3 earnings call transcript
• Negative Sentiment: Needham cut its price target to $55 from $80, though it maintained a Buy rating. The sharp target reduction may have dampened sentiment and helps explain why the shares could remain weak despite beating estimates. Needham price-target change

GlobalFoundries Company Profile

GlobalFoundries Inc (NASDAQ:GFS) is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.

GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.

The company was established in 2009 through the separation of Advanced Micro Devices’ manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.