Analysts Set GlobalFoundries Inc. (NASDAQ:GFS) Target Price at $69.88

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have earned an average recommendation of “Hold” from the twenty research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $69.8824.

Several analysts recently weighed in on GFS shares. Dbs Bank downgraded GlobalFoundries from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday, May 29th. UBS Group upped their price objective on GlobalFoundries from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $65.00 price objective on shares of GlobalFoundries in a research report on Wednesday, May 6th.

GlobalFoundries Stock Performance

GlobalFoundries stock opened at $85.99 on Friday. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $47.85 billion, a P/E ratio of 61.86, a PEG ratio of 2.99 and a beta of 1.77. The stock’s 50 day moving average is $62.58 and its 200 day moving average is $48.65. GlobalFoundries has a twelve month low of $31.51 and a twelve month high of $92.55.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, equities research analysts predict that GlobalFoundries will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Wednesday, June 24th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.48 annualized dividend and a yield of 0.6%.

Insider Activity at GlobalFoundries

In related news, insider Michael James Hogan sold 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $82.88, for a total value of $232,064.00. Following the transaction, the insider directly owned 9,645 shares of the company’s stock, valued at approximately $799,377.60. This represents a 22.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $58.46, for a total value of $233,840.00. Following the completion of the transaction, the director directly owned 18,867 shares in the company, valued at $1,102,964.82. This trade represents a 17.49% 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. In the last three months, insiders have sold 20,170 shares of company stock valued at $1,194,864.

Hedge Funds Weigh In On GlobalFoundries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WealthCollab LLC lifted its holdings in shares of GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock valued at $25,000 after buying an additional 614 shares during the period. True Wealth Design LLC lifted its holdings in shares of GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock valued at $28,000 after buying an additional 544 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock valued at $29,000 after buying an additional 387 shares during the period. Covestor Ltd lifted its holdings in shares of GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after buying an additional 349 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new position in shares of GlobalFoundries during the 4th quarter valued at $35,000.

About GlobalFoundries

GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.