Brokerages Set GlobalFoundries Inc. (NASDAQ:GFS) Target Price at $43.20

by · The Markets Daily

Shares of GlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $43.20.

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of GlobalFoundries from a “hold” rating to a “buy” rating in a research report on Monday, September 15th. Wedbush dropped their price objective on shares of GlobalFoundries from $48.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 6th. Citigroup increased their price objective on shares of GlobalFoundries from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, July 7th. Argus initiated coverage on shares of GlobalFoundries in a research report on Tuesday, July 1st. They issued a “buy” rating and a $52.00 price objective on the stock. Finally, Arete Research set a $37.00 price target on shares of GlobalFoundries in a research note on Wednesday, August 27th.

Check Out Our Latest Report on GFS

GlobalFoundries Stock Performance

NASDAQ GFS opened at $34.59 on Friday. The company has a current ratio of 2.63, a quick ratio of 1.92 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average price is $33.72 and its two-hundred day moving average price is $35.82. GlobalFoundries has a 1 year low of $29.77 and a 1 year high of $47.69. The firm has a market capitalization of $19.13 billion, a P/E ratio of -164.71, a price-to-earnings-growth ratio of 1.35 and a beta of 1.49.

GlobalFoundries (NASDAQ:GFS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.55%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. As a group, research analysts anticipate that GlobalFoundries will post 1.31 EPS for the current year.

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors and hedge funds have recently modified their holdings of GFS. Pacer Advisors Inc. grew its stake in shares of GlobalFoundries by 8,540.7% in the first quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company’s stock valued at $91,265,000 after acquiring an additional 2,444,018 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in GlobalFoundries during the first quarter worth about $40,493,000. Woodline Partners LP acquired a new stake in GlobalFoundries during the first quarter worth about $33,504,000. AQR Capital Management LLC grew its stake in GlobalFoundries by 852.9% during the second quarter. AQR Capital Management LLC now owns 972,454 shares of the company’s stock worth $37,148,000 after buying an additional 870,406 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in GlobalFoundries during the second quarter worth about $22,595,000.

About GlobalFoundries

(Get Free Report)

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.

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