GlobalFoundries’ (GFS) “Buy” Rating Reiterated at TD Cowen

by · The Cerbat Gem

TD Cowen restated their buy rating on shares of GlobalFoundries (NASDAQ:GFS – Free Report) in a research note released on Thursday morning,Benzinga reports. TD Cowen currently has a $75.00 price target on the stock.

GFS has been the topic of several other research reports. Cantor Fitzgerald reissued an “overweight” rating on shares of GlobalFoundries in a report on Thursday. Morgan Stanley restated a “negative” rating and set a $60.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on GlobalFoundries in a research report on Monday, August 10th. Finally, BNP Paribas Exane lowered GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 target price on the stock. in a report on Monday, October 5th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $75.79.

Read Our Latest Analysis on GFS

GlobalFoundries Trading Down 4.3%

Shares of NASDAQ GFS opened at $46.68 on Thursday. The stock has a market cap of $25.61 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 1.48 and a beta of 1.77. The business has a 50 day simple moving average of $47.51 and a 200 day simple moving average of $59.65. GlobalFoundries has a 52 week low of $32.02 and a 52 week high of $92.55. 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 (NASDAQ:GFS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $1.79 billion for 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%. GlobalFoundries’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, research analysts predict that GlobalFoundries will post 1.48 earnings per share for the current fiscal year.

Insider Activity at GlobalFoundries

In other news, Director Glenda Dorchak sold 4,000 shares of the stock in a transaction on Monday, July 20th. The shares were 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 $865,556.74. This represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 the firm’s stock in a transaction 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 of the company’s stock, valued at $104,740.35. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders have sold 16,925 shares of company stock worth $874,765.

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors have recently added to or reduced their stakes in GFS. V Square Quantitative Management LLC bought a new position in shares of GlobalFoundries in the third quarter worth $30,000. Krilogy Financial LLC lifted its stake in GlobalFoundries by 7.9% in the third quarter. Krilogy Financial LLC now owns 5,997 shares of the company’s stock worth $290,000 after purchasing an additional 441 shares during the last quarter. HBK Investments L P purchased a new stake in GlobalFoundries during the 2nd quarter valued at about $989,000. Sequoia Financial Advisors LLC purchased a new stake in shares of GlobalFoundries during the second quarter valued at approximately $404,000. Finally, WINTON GROUP Ltd bought a new stake in GlobalFoundries in the 2nd quarter worth $363,000.

More GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

  • Positive Sentiment: GlobalFoundries will build two chip fabs in Malta, New York, with up to $21 billion in Japanese funding. The company is expected to operate the facilities without bearing the full construction cost, potentially improving the economics of future capacity expansion. Apple, General Motors, Cirrus Logic and Renesas are reportedly lined up as customers ahead of a planned 2029 start. GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
  • Positive Sentiment: The Trump administration plans to increase its equity stake in GlobalFoundries from 3% to 7%, strengthening government support and aligning the company with U.S. semiconductor manufacturing and supply-chain priorities. Trump administration doubles its equity stake in GlobalFoundries
  • Positive Sentiment: Samsung may add GlobalFoundries as a display-chip supplier to address Galaxy phone production issues, offering a potential near-term customer and revenue opportunity. Samsung may add GlobalFoundries as display chip supplier
  • Positive Sentiment: TD Cowen reaffirmed its “buy” rating with a $75 price target, while Wedbush maintained a $72 target, indicating substantial upside in both analysts’ estimates. GlobalFoundries analyst ratings
  • Neutral Sentiment: The stock’s retreat follows a sharp advance triggered by the U.S.-Japan manufacturing announcement. Investors appear to be reassessing the deal’s benefits rather than treating it as an immediate earnings catalyst. GlobalFoundries shares retreat as investors weigh US-Japan manufacturing deal
  • Negative Sentiment: The new fabs are not expected to begin operating until 2029, leaving substantial construction, customer-ramp and execution risk before the investment can materially affect results. The market’s reaction indicates some investors are focused on this long lead time and the uncertainty surrounding the expanded government involvement. GlobalFoundries falls after Trump administration doubles its equity stake

About GlobalFoundries

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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.

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