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T   17.52 (-0.17%)
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MU   117.62 (-1.28%)
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NASDAQ:GFS

GLOBALFOUNDRIES (GFS) Stock Price, News & Analysis

$52.14
+0.41 (+0.79%)
(As of 10:04 AM ET)
Today's Range
$51.71
$52.39
50-Day Range
$50.79
$60.42
52-Week Range
$48.12
$72.37
Volume
64,904 shs
Average Volume
1.60 million shs
Market Capitalization
$28.56 billion
P/E Ratio
28.34
Dividend Yield
N/A
Price Target
$64.50

GLOBALFOUNDRIES MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
24.7% Upside
$64.50 Price Target
Short Interest
Bearish
15.88% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.91mentions of GLOBALFOUNDRIES in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
110.00%
From $1.00 to $2.10 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.44 out of 5 stars

Computer And Technology Sector

235th out of 588 stocks

Semiconductors & Related Devices Industry

35th out of 92 stocks

GFS stock logo

About GLOBALFOUNDRIES Stock (NASDAQ:GFS)

GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units; and offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York.

GFS Stock Price History

GFS Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
GFS Apr 2024 60.000 put
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Analyst Scoreboard: 7 Ratings For GLOBALFOUNDRIES
The Top 3 Nasdaq Stocks to Buy in March 2024
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Today
3/27/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:GFS
Fax
N/A
Employees
14,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$64.50
High Stock Price Target
$80.00
Low Stock Price Target
$48.00
Potential Upside/Downside
+24.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$1.02 billion
Pretax Margin
14.66%

Debt

Sales & Book Value

Annual Sales
$7.39 billion
Cash Flow
$4.62 per share
Book Value
$20.36 per share

Miscellaneous

Free Float
N/A
Market Cap
$28.34 billion
Optionable
Not Optionable
Beta
1.65
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Key Executives

  • Dr. Thomas H. Caulfield DES (Age 65)
    Ph.D., President, CEO & Director
  • Mr. John C. Hollister CPA (Age 54)
    Chief Financial Officer
  • Mr. Timothy Graham Breen (Age 46)
    Chief Operating Officer & Director
  • Mr. William G. Billings
    Chief Accounting Officer
  • Mr. Gregg Bartlett (Age 62)
    Chief Technology Officer
  • Mr. Brad Clay
    Chief Information Officer
  • Mr. Sam Franklin
    Vice President of Capital Markets & Investor Relations
  • Mr. Saam Azar J.D. (Age 48)
    Senior VP, Chief Legal Officer & Secretary
  • Ms. Laurie Kelly
    Chief Communications Officer
  • Ms. Pradheepa Raman (Age 43)
    Chief People Officer

Should I Buy GLOBALFOUNDRIES Stock? GFS Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of GLOBALFOUNDRIES was last updated on Monday, March 25, 2024 at 11:08 PM.

Pros

Here are some ways that investors could benefit from investing in GLOBALFOUNDRIES Inc.:

  • GLOBALFOUNDRIES reported a strong EPS of $0.64 for the last quarter, beating the consensus estimate.
  • Institutional investors like FMR LLC and Ameriprise Financial Inc. have significantly increased their holdings in GLOBALFOUNDRIES, indicating confidence in the company's future.
  • The company operates as a semiconductor foundry worldwide, offering a diverse range of semiconductor devices and fabrication services, positioning itself well in the growing semiconductor industry.
  • Despite a slight revenue decline, GLOBALFOUNDRIES has maintained a healthy net margin of 13.80%, showcasing operational efficiency.
  • The stock price of GLOBALFOUNDRIES has shown resilience in recent periods, reflecting stability and potential growth.

Cons

Investors should be bearish about investing in GLOBALFOUNDRIES Inc. for these reasons:

  • The semiconductor industry is highly competitive and subject to rapid technological advancements, posing challenges for sustained growth and market share.
  • GLOBALFOUNDRIES experienced a revenue decline of 11.8% in the last quarter, indicating potential market challenges or shifts in demand.
  • Market analysts anticipate lower earnings per share for the current fiscal year, suggesting potential short-term performance concerns.
  • The company's return on equity of 10.16% may be considered moderate compared to industry peers, impacting investor confidence in long-term profitability.
  • Investing in semiconductor companies involves inherent risks related to global economic conditions, supply chain disruptions, and geopolitical factors that can impact business operations and financial performance.

GFS Stock Analysis - Frequently Asked Questions

Should I buy or sell GLOBALFOUNDRIES stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GLOBALFOUNDRIES in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GFS shares.
View GFS analyst ratings
or view top-rated stocks.

What is GLOBALFOUNDRIES's stock price target for 2024?

11 Wall Street analysts have issued 12-month target prices for GLOBALFOUNDRIES's stock. Their GFS share price targets range from $48.00 to $80.00. On average, they anticipate the company's share price to reach $64.50 in the next year. This suggests a possible upside of 24.7% from the stock's current price.
View analysts price targets for GFS
or view top-rated stocks among Wall Street analysts.

How have GFS shares performed in 2024?

GLOBALFOUNDRIES's stock was trading at $60.60 at the beginning of 2024. Since then, GFS shares have decreased by 14.6% and is now trading at $51.73.
View the best growth stocks for 2024 here
.

When is GLOBALFOUNDRIES's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our GFS earnings forecast
.

How were GLOBALFOUNDRIES's earnings last quarter?

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) announced its earnings results on Tuesday, February, 13th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.85 billion. GLOBALFOUNDRIES had a trailing twelve-month return on equity of 10.16% and a net margin of 13.80%. GLOBALFOUNDRIES's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.37 earnings per share.

What guidance has GLOBALFOUNDRIES issued on next quarter's earnings?

GLOBALFOUNDRIES issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share (EPS) guidance of 0.180-0.280 for the period, compared to the consensus EPS estimate of 0.460. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.8 billion.

When did GLOBALFOUNDRIES IPO?

GLOBALFOUNDRIES (GFS) raised $2.4 billion in an initial public offering (IPO) on Thursday, October 28th 2021. The company issued 55,000,000 shares at a price of $42.00-$47.00 per share.

Who are GLOBALFOUNDRIES's major shareholders?

GLOBALFOUNDRIES's stock is owned by a number of retail and institutional investors. Top institutional investors include Mubadala Investment Co PJSC (85.71%), First Trust Advisors LP (0.41%), Kodai Capital Management LP (0.20%), Mirae Asset Global Investments Co. Ltd. (0.18%), International Assets Investment Management LLC (0.10%) and Barclays PLC (0.09%).

How do I buy shares of GLOBALFOUNDRIES?

Shares of GFS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:GFS) was last updated on 3/28/2024 by MarketBeat.com Staff

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