NASDAQ:GFS GLOBALFOUNDRIES (GFS) Stock Price, News & Analysis → Biden’s $374B Giveaway Into This Sector (From DTI) (Ad) Free GFS Stock Alerts $46.89 -0.47 (-0.99%) (As of 04/18/2024 ET) Add Compare Share Share Today's Range$46.42▼$47.2350-Day Range$47.26▼$55.9452-Week Range$46.42▼$68.57Volume1.41 million shsAverage Volume1.56 million shsMarket Capitalization$25.68 billionP/E Ratio25.48Dividend YieldN/APrice Target$63.08 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Get GLOBALFOUNDRIES alerts: Email Address GLOBALFOUNDRIES MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.58 Rating ScoreUpside/Downside34.5% Upside$63.08 Price TargetShort InterestBearish16.73% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.22Based on 13 Articles This WeekInsider TradingN/AProj. Earnings Growth110.00%From $1.00 to $2.10 Per ShareSee Full Details Hide Full Details 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.3.77 out of 5 starsComputer And Technology Sector192nd out of 590 stocksSemiconductors & Related Devices Industry32nd out of 87 stocks 4.3 Analyst's Opinion Consensus RatingGLOBALFOUNDRIES has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.Amount of Analyst CoverageGLOBALFOUNDRIES has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted16.73% of the float of GLOBALFOUNDRIES has been sold short.Short Interest Ratio / Days to CoverGLOBALFOUNDRIES has a short interest ratio ("days to cover") of 8.3.Change versus previous monthShort interest in GLOBALFOUNDRIES has recently increased by 4.30%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldGLOBALFOUNDRIES does not currently pay a dividend.Dividend GrowthGLOBALFOUNDRIES does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GFS. Previous Next 1.8 News and Social Media Coverage News SentimentGLOBALFOUNDRIES has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 13 news articles for GLOBALFOUNDRIES this week, compared to 5 articles on an average week.Search InterestOnly 8 people have searched for GFS on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added GLOBALFOUNDRIES to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% compared to the previous 30 days. Previous Next N/A Company Ownership Insider Buying vs. Insider SellingIn the past three months, GLOBALFOUNDRIES insiders have not sold or bought any company stock. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for GLOBALFOUNDRIES are expected to grow by 110.00% in the coming year, from $1.00 to $2.10 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of GLOBALFOUNDRIES is 25.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.80.Price to Earnings Ratio vs. SectorThe P/E ratio of GLOBALFOUNDRIES is 25.48, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 260.69.Price to Earnings Growth RatioGLOBALFOUNDRIES has a PEG Ratio of 4.04. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGLOBALFOUNDRIES has a P/B Ratio of 2.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad DTIBiden’s $374B Giveaway Into This SectorBiden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right hereClick here for the full story 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.Read More GFS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GFS Stock News HeadlinesApril 3, 2024 | marketbeat.com4 Stocks with Surprisingly Large Short InterestAs the overall market continues to break records and achieve new heights, speculation and optimism are rising. During such periods, stocks with unusually high short interest tend to outperform, as the overall market's strength and bullish sentiment can overwhelm the fundamental reasons that caused bears to initiate short positions.April 3, 2024 | marketbeat.com4 Stocks with Surprisingly Large Short Interest (GFS)Gap, On Holding, Global Foundries, and Mobileye Global are four large-cap, well-known companies with a surprisingly significant short interest.April 18, 2024 | DTI (Ad)Biden’s $374B Giveaway Into This SectorBiden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right hereApril 17, 2024 | investing.comEvercore ISI initiates coverage on GlobalFoundries stock with OutperformApril 17, 2024 | americanbankingnews.comGLOBALFOUNDRIES (NASDAQ:GFS) Now Covered by Analysts at Evercore ISIApril 17, 2024 | americanbankingnews.comGLOBALFOUNDRIES (NASDAQ:GFS) Given New $55.00 Price Target at Bank of AmericaApril 17, 2024 | benzinga.comGLOBALFOUNDRIES Stock (NASDAQ:GFS), Analyst Ratings, Price Targets, PredictionsApril 16, 2024 | msn.comEvercore ISI Group Initiates Coverage of GLOBALFOUNDRIES (GFS) with Outperform RecommendationApril 18, 2024 | DTI (Ad)Biden’s $374B Giveaway Into This SectorBiden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right hereApril 15, 2024 | americanbankingnews.comGLOBALFOUNDRIES Inc. (NASDAQ:GFS) Receives Average Rating of "Moderate Buy" from AnalystsApril 12, 2024 | theglobeandmail.comWhat TSMC, Intel, and GlobalFoundries Stock Investors Should Know About Recent CHIPS Act UpdatesApril 11, 2024 | msn.comTechnology Stocks Power the Broader Market HigherApril 9, 2024 | investing.com3 Semiconductor Stocks Blessed by the US CHIPS ActApril 9, 2024 | americanbankingnews.comGLOBALFOUNDRIES's (GFS) Neutral Rating Reaffirmed at Cantor FitzgeraldApril 8, 2024 | nasdaq.comGFS Quantitative Stock AnalysisApril 8, 2024 | msn.comApplied Materials replaces GlobalFoundries in Cantor's top 5 list ahead of earnings seasonApril 5, 2024 | globenewswire.comGlobalFoundries Announces Conference Call to Review First Quarter 2024 Financial ResultsApril 4, 2024 | seekingalpha.comTSMC: Continues To Trade Cheap Heading Towards Q1 2024April 4, 2024 | msn.comBroader Market Gains as Chip Stocks Rally and Bond Yields DeclineMarch 29, 2024 | nasdaq.comJune 21st Options Now Available For GlobalFoundries (GFS)March 28, 2024 | seekingalpha.comGLOBALFOUNDRIES - Mixed Outlook But Limited Downside, Initiating With A HoldMarch 27, 2024 | finance.yahoo.comTeramount and GlobalFoundries Collaborate to Advance Silicon PhotonicsMarch 18, 2024 | forbes.comHumanoid AI Smart Robots Driving New Job RealitiesMarch 18, 2024 | investorplace.comBeyond the Biggies: 3 Alternative Chip Stocks Gaining TractionMarch 16, 2024 | ca.finance.yahoo.comGFS Apr 2024 60.000 putMarch 15, 2024 | msn.comQuickLogic Shares Zoom 616% In 4 Years: Could This Chipmaker Be On A Nvidia-Style Trajectory? (CORRECTED)March 15, 2024 | markets.businessinsider.comNvidia Blazes Trail For 3 Further Phases Of AI Investment Opportunity, Says AnalystSee More Headlines Receive GFS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for GLOBALFOUNDRIES and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/13/2024Today4/18/2024Next Earnings (Confirmed)5/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNASDAQ:GFS CUSIPN/A CIK1709048 Webwww.globalfoundries.com Phone518-305-9013FaxN/AEmployees14,000Year FoundedN/APrice Target and Rating Average Stock Price Target$63.08 High Stock Price Target$80.00 Low Stock Price Target$48.00 Potential Upside/Downside+33.9%Consensus RatingModerate Buy Rating Score (0-4)2.58 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$1.84 Trailing P/E Ratio25.60 Forward P/E Ratio47.10 P/E Growth4.04Net Income$1.02 billion Net Margins13.80% Pretax Margin14.66% Return on Equity10.16% Return on Assets6.09% Debt Debt-to-Equity Ratio0.16 Current Ratio2.04 Quick Ratio1.56 Sales & Book Value Annual Sales$7.39 billion Price / Sales3.49 Cash Flow$4.56 per share Price / Cash Flow10.32 Book Value$20.36 per share Price / Book2.31Miscellaneous Outstanding Shares547,760,000Free FloatN/AMarket Cap$25.80 billion OptionableNot Optionable Beta1.61 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesDr. 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. BillingsChief Accounting OfficerMr. Gregg Bartlett (Age 62)Chief Technology Officer Mr. Brad ClayChief Information OfficerMr. Sam FranklinVice President of Capital Markets & Investor RelationsMr. Saam Azar J.D. (Age 48)Senior VP, Chief Legal Officer & Secretary Ms. Laurie KellyChief Communications OfficerMs. Pradheepa Raman (Age 43)Chief People Officer More ExecutivesKey CompetitorsMaxim Integrated ProductsNASDAQ:MXIMOnsemiNASDAQ:ONASE TechnologyNYSE:ASXMonolithic Power SystemsNASDAQ:MPWREntegrisNASDAQ:ENTGView All CompetitorsInstitutional OwnershipIMC Chicago LLCBought 41,800 shares on 4/13/2024Ownership: 0.000%Global Assets Advisory LLCBought 11,394 shares on 4/12/2024Ownership: 0.002%Rheos Capital Works Inc.Sold 63,000 shares on 4/11/2024Ownership: 0.048%International Assets Investment Management LLCSold 1,820 shares on 4/11/2024Ownership: 0.001%Renaissance Capital LLCBought 1,500 shares on 4/9/2024Ownership: 0.009%View All Institutional Transactions Should I Buy GLOBALFOUNDRIES Stock? GFS Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in GLOBALFOUNDRIES Inc.: GLOBALFOUNDRIES has been receiving positive analyst ratings, with a consensus rating of "Moderate Buy" and an average price target of $63.25, indicating potential growth. The company has seen significant institutional investments, with notable hedge funds and investors increasing their stakes, reflecting confidence in the company's future performance. Recent acquisitions of shares by institutional investors like SG Americas Securities LLC and International Assets Investment Management LLC suggest a positive outlook on the company's prospects. Despite some analysts lowering price targets, the stock has shown resilience, indicating a potential buying opportunity at a lower price point. GLOBALFOUNDRIES' current stock price presents an attractive entry point for investors looking to capitalize on potential future growth in the semiconductor industry. Cons Investors should be bearish about investing in GLOBALFOUNDRIES Inc. for these reasons: Some analysts have downgraded the stock from "buy" to "neutral" and lowered price targets, signaling potential challenges or uncertainties in the company's performance. While institutional investments have increased, there is a possibility of market volatility impacting the stock price, leading to short-term fluctuations in value. Competitive pressures in the semiconductor industry could affect GLOBALFOUNDRIES' market position and profitability, posing risks to investor returns. Uncertainties in global economic conditions and trade policies may impact the company's revenue and growth potential, affecting investor confidence. Investors should consider the cyclical nature of the semiconductor industry, which can lead to periods of high growth followed by downturns, influencing stock performance. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these GLOBALFOUNDRIES pros and cons to contact@marketbeat.com. GFS Stock Analysis - Frequently Asked Questions Should I buy or sell GLOBALFOUNDRIES stock right now? 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GLOBALFOUNDRIES in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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? 12 brokers have issued 12 month price targets for GLOBALFOUNDRIES's shares. Their GFS share price targets range from $48.00 to $80.00. On average, they predict the company's stock price to reach $63.08 in the next year. This suggests a possible upside of 34.5% 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 on January 1st, 2024. Since then, GFS shares have decreased by 22.6% and is now trading at $46.89. 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 7th 2024. View our GFS earnings forecast. How can I listen to GLOBALFOUNDRIES's earnings call? GLOBALFOUNDRIES will be holding an earnings conference call on Tuesday, May 7th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link. How were GLOBALFOUNDRIES's earnings last quarter? GLOBALFOUNDRIES Inc. (NASDAQ:GFS) announced its quarterly earnings data on Tuesday, February, 13th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. The company earned $1.85 billion during 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% on a year-over-year basis. During the same quarter last year, the business earned $1.37 EPS. What ETFs hold GLOBALFOUNDRIES's stock? ETFs with the largest weight of GLOBALFOUNDRIES (NASDAQ:GFS) stock in their portfolio include Innovator Deepwater Frontier Tech ETF (LOUP), First Trust NASDAQ 100 Technology Index Fund (QTEC), Invesco PHLX Semiconductor ETF (SOXQ), First Trust US Equity Opportunities ETF (FPX), Renaissance IPO ETF (IPO), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Global X Internet of Things Thematic ETF (SNSR) and Fidelity Blue Chip Growth ETF (FBCG). What guidance has GLOBALFOUNDRIES issued on next quarter's earnings? GLOBALFOUNDRIES updated its first quarter 2024 earnings guidance on Tuesday, February, 13th. The company provided 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 on Thursday, October 28th 2021. The company issued 55,000,000 shares at $42.00-$47.00 per share. Who are GLOBALFOUNDRIES's major shareholders? GLOBALFOUNDRIES's stock is owned by a variety of retail and institutional investors. Top institutional investors include Rheos Capital Works Inc. (0.05%), Renaissance Capital LLC (0.01%), IMC Chicago LLC (0.00%), Global Assets Advisory LLC (0.00%) and International Assets Investment Management LLC (0.00%). 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 4/18/2024 by MarketBeat.com Staff From Our PartnersSHOCKING Crypto Leak…Crypto 101 MediaThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingBiden’s $374B Giveaway Into This SectorDTIThe “Perfect Storm” for GoldGold Safe ExchangeBiden replacement revealed?Paradigm PressThe #1 Crypto for 2024InvestorPlaceDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop 5 AI Stocks to Buy for 2024Market Moving Trends Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding GLOBALFOUNDRIES Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.