GlobalFoundries (NASDAQ:GFS) Reaches New 52-Week High – What’s Next?

GlobalFoundries Inc. (NASDAQ:GFS)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $92.55 and last traded at $89.96, with a volume of 11080659 shares changing hands. The stock had previously closed at $85.64.

Analyst Ratings Changes

Several analysts have issued reports on GFS shares. Robert W. Baird set a $100.00 price objective on shares of GlobalFoundries in a research note on Wednesday, May 6th. Jefferies Financial Group reissued a “hold” rating and issued a $65.00 price objective on shares of GlobalFoundries in a research note on Wednesday, May 6th. The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 price objective on shares of GlobalFoundries in a research note on Tuesday, May 5th. JPMorgan Chase & Co. raised their price objective on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley raised their price objective on shares of GlobalFoundries from $58.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, GlobalFoundries has a consensus rating of “Hold” and a consensus target price of $69.88.

GlobalFoundries Trading Up 5.0%

The firm has a market capitalization of $50.06 billion, a PE ratio of 64.72, a price-to-earnings-growth ratio of 3.03 and a beta of 1.71. The stock’s 50-day moving average price is $57.94 and its 200 day moving average price is $46.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.59 and a quick ratio of 1.87.

GlobalFoundries (NASDAQ:GFS) last issued its earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, sell-side analysts expect that GlobalFoundries Inc. will post 1.38 EPS 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 issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, June 24th.

Insider Activity at GlobalFoundries

In related news, insider Michael James Hogan sold 2,300 shares of GlobalFoundries stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $60.69, for a total transaction of $139,587.00. Following the transaction, the insider directly owned 16,045 shares of the company’s stock, valued at $973,771.05. This trade represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 500 shares of GlobalFoundries stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $59.66, for a total transaction of $29,830.00. Following the transaction, the insider directly owned 16,994 shares in the company, valued at approximately $1,013,862.04. The trade was a 2.86% 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. Insiders have sold a total of 17,035 shares of company stock valued at $935,699 over the last ninety days.

Hedge Funds Weigh In On GlobalFoundries

Institutional investors have recently bought and sold shares of the business. Rafferty Asset Management LLC increased its holdings in GlobalFoundries by 18.4% during the third quarter. Rafferty Asset Management LLC now owns 372,122 shares of the company’s stock valued at $13,337,000 after buying an additional 57,774 shares during the period. Allianz Asset Management GmbH purchased a new position in GlobalFoundries during the third quarter valued at approximately $3,308,000. First Trust Advisors LP increased its holdings in GlobalFoundries by 15.2% during the third quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock valued at $95,315,000 after buying an additional 350,743 shares during the period. NEOS Investment Management LLC increased its holdings in GlobalFoundries by 81.4% during the third quarter. NEOS Investment Management LLC now owns 184,765 shares of the company’s stock valued at $6,622,000 after buying an additional 82,890 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in GlobalFoundries in the third quarter worth $4,769,000.

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.