GlobalFoundries (NASDAQ:GFS) Earns Outperform Rating from Wedbush

Wedbush restated their outperform rating on shares of GlobalFoundries (NASDAQ:GFS) in a report published on Wednesday morning, MarketBeat Ratings reports. Wedbush currently has a $60.00 target price on the stock. Wedbush also issued estimates for GlobalFoundries’ Q2 2025 earnings at $0.25 EPS.

A number of other brokerages have also recently weighed in on GFS. Morgan Stanley raised their price target on GlobalFoundries from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday. Citigroup dropped their price target on GlobalFoundries from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price target on GlobalFoundries from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Cantor Fitzgerald restated a “neutral” rating and issued a $40.00 price target on shares of GlobalFoundries in a research report on Wednesday, November 6th. Finally, Evercore ISI decreased their price objective on GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.64.

GlobalFoundries Price Performance

Shares of NASDAQ GFS opened at $43.16 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.42 and a quick ratio of 1.76. The stock has a fifty day moving average price of $42.31 and a 200 day moving average price of $42.27. GlobalFoundries has a 1-year low of $35.85 and a 1-year high of $61.98. The company has a market cap of $23.81 billion, a PE ratio of 32.21, a P/E/G ratio of 8.23 and a beta of 1.56.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. Sell-side analysts forecast that GlobalFoundries will post 1.22 EPS for the current year.

Institutional Investors Weigh In On GlobalFoundries

Several hedge funds and other institutional investors have recently bought and sold shares of GFS. Signaturefd LLC increased its holdings in GlobalFoundries by 153.9% during the 4th quarter. Signaturefd LLC now owns 678 shares of the company’s stock worth $29,000 after purchasing an additional 411 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of GlobalFoundries in the 3rd quarter valued at approximately $34,000. Blue Trust Inc. increased its holdings in shares of GlobalFoundries by 206.4% in the 4th quarter. Blue Trust Inc. now owns 1,106 shares of the company’s stock valued at $45,000 after acquiring an additional 745 shares during the last quarter. US Bancorp DE increased its holdings in shares of GlobalFoundries by 77.0% in the 3rd quarter. US Bancorp DE now owns 1,218 shares of the company’s stock valued at $49,000 after acquiring an additional 530 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of GlobalFoundries in the 4th quarter valued at approximately $52,000.

GlobalFoundries Company Profile

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.