GlobalFoundries (NASDAQ:GFS) Given New $45.00 Price Target at Wedbush

GlobalFoundries (NASDAQ:GFS) had its price objective dropped by stock analysts at Wedbush from $72.00 to $45.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Wedbush‘s target price indicates a potential upside of 11.55% from the stock’s previous close.

GFS has been the topic of several other reports. UBS Group lowered their target price on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Robert W. Baird set a $140.00 price objective on shares of GlobalFoundries in a report on Thursday, August 6th. Jefferies Financial Group reaffirmed a “hold” rating and set a $50.00 target price on shares of GlobalFoundries in a research note on Wednesday. Needham & Company LLC decreased their target price on GlobalFoundries from $80.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Morgan Stanley dropped their price objective on GlobalFoundries from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Monday. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.53.

GlobalFoundries Trading Down 5.9%

NASDAQ GFS opened at $40.34 on Thursday. The stock has a market cap of $22.13 billion, a PE ratio of 31.52, a PEG ratio of 1.36 and a beta of 1.78. The company’s 50-day moving average price is $46.18 and its 200-day moving average price is $54.93. GlobalFoundries has a 12 month low of $32.02 and a 12 month high of $92.55. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the business posted $0.44 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that GlobalFoundries will post 1.48 earnings per share for the current year.

Insider Buying and Selling at GlobalFoundries

In other news, insider Pradheepa Raman sold 6,760 shares of GlobalFoundries stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $51.12, for a total value of $345,571.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 12,590 shares of company stock worth $620,877.

Institutional Trading of GlobalFoundries

Institutional investors have recently modified their holdings of the company. AlphaCore Capital LLC purchased a new position in GlobalFoundries in the third quarter valued at about $1,497,000. Leuthold Group LLC grew its stake in GlobalFoundries by 63.9% during the 3rd quarter. Leuthold Group LLC now owns 13,286 shares of the company’s stock worth $637,000 after buying an additional 5,181 shares during the last quarter. Argonautica Private Wealth Management Inc. grew its holdings in GlobalFoundries by 15.6% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 12,350 shares of the company’s stock worth $592,000 after buying an additional 1,671 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in shares of GlobalFoundries by 104.3% in the 3rd quarter. Kestra Advisory Services LLC now owns 7,105 shares of the company’s stock worth $340,000 after acquiring an additional 3,628 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of GlobalFoundries by 4.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,751 shares of the company’s stock worth $276,000 after purchasing an additional 258 shares in the last quarter.

More GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Q3 adjusted earnings were $0.53 per share, above the $0.51 consensus and up from $0.44 a year earlier. Revenue of $1.90 billion also topped estimates of $1.89 billion and grew 12.5% year over year. GlobalFoundries Q3 2026 results
• Positive Sentiment: A report highlighted a record Q3 margin, which may reinforce the earnings beat’s signal of improving profitability. GlobalFoundries posts record Q3 margin
• Negative Sentiment: Susquehanna cut its price target from $125 to $110, while retaining a positive rating. Needham lowered its target from $80 to $55 but kept a buy rating. The reductions suggest more cautious expectations, even though both firms remain bullish. Susquehanna recommendations Needham recommendations

About GlobalFoundries

GlobalFoundries Inc (NASDAQ:GFS) is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.

GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.

The company was established in 2009 through the separation of Advanced Micro Devices’ manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.