NASDAQ:GFS GLOBALFOUNDRIES (GFS) Stock Price, News & Analysis → top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL) (From Traders Agency) (Ad) Free GFS Stock Alerts $47.31 +0.96 (+2.07%) (As of 04/24/2024 ET) Add Compare Share Share Today's Range$46.44▼$47.5350-Day Range$46.26▼$55.6652-Week Range$45.52▼$68.57Volume1.91 million shsAverage Volume1.56 million shsMarket Capitalization$25.91 billionP/E Ratio25.71Dividend 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/Downside33.3% Upside$63.08 Price TargetShort InterestBearish16.73% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.42Based on 4 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.3.72 out of 5 starsComputer And Technology Sector181st out of 585 stocksSemiconductors & Related Devices Industry29th out of 84 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 1.3 News and Social Media Coverage News SentimentGLOBALFOUNDRIES has a news sentiment score of 0.42. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for GLOBALFOUNDRIES this week, compared to 5 articles on an average week.Search InterestOnly 4 people have searched for GFS on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.MarketBeat FollowsOnly 12 people have added GLOBALFOUNDRIES to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 25.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.17.Price to Earnings Ratio vs. SectorThe P/E ratio of GLOBALFOUNDRIES is 25.71, 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 268.77.Price to Earnings Growth RatioGLOBALFOUNDRIES has a PEG Ratio of 3.91. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGLOBALFOUNDRIES has a P/B Ratio of 2.32. 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 Paradigm PressForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISYou might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.Click here to find out that this 8,788% cryptocurrency is. 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 24, 2024 | marketbeat.com3 Technologies to Challenge NAND Flash Dominance in AI (GFS)Artificial intelligence (AI) applications and platforms are growing like weeds. The arms race for AI superiority continues to be waged between the chip makersApril 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 25, 2024 | Paradigm Press (Ad)Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISYou might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.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 24, 2024 | uk.finance.yahoo.comAir Liquide continues its trajectory with another solid quarter, combining sales growth, performance improvement and investment momentumApril 22, 2024 | globenewswire.comGlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050April 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 25, 2024 | Paradigm Press (Ad)Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISYou might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.April 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 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 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 putSee 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 Earnings2/13/2024Today4/24/2024Next 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+33.3%Consensus RatingModerate Buy Rating Score (0-4)2.58 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$1.84 Trailing P/E Ratio25.71 Forward P/E Ratio47.31 P/E Growth3.91Net 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 / Sales3.51 Cash Flow$4.73 per share Price / Cash Flow10.01 Book Value$20.36 per share Price / Book2.32Miscellaneous Outstanding Shares547,760,000Free FloatN/AMarket Cap$25.91 billion OptionableNot Optionable Beta1.61 7 Stocks That Could Be Bigger Than Tesla, Nvidia, and GoogleGrowth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.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 CompetitorsOnsemiNASDAQ:ONMaxim Integrated ProductsNASDAQ:MXIMASE TechnologyNYSE:ASXMonolithic Power SystemsNASDAQ:MPWRUnited MicroelectronicsNYSE:UMCView All CompetitorsInstitutional OwnershipLouisiana State Employees Retirement SystemSold 600 shares on 4/23/2024Ownership: 0.008%Sumitomo Mitsui Trust Holdings Inc.Bought 12,487 shares on 4/19/2024Ownership: 0.015%Norden Group LLCBought 7,668 shares on 4/19/2024Ownership: 0.001%IMC Chicago LLCBought 41,800 shares on 4/13/2024Ownership: 0.000%Global Assets Advisory LLCBought 11,394 shares on 4/12/2024Ownership: 0.002%View All Institutional Transactions 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 equities research analysts have issued 1 year price targets for GLOBALFOUNDRIES's stock. Their GFS share price targets range from $48.00 to $80.00. On average, they expect the company's stock price to reach $63.08 in the next year. This suggests a possible upside of 33.3% 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 the year. Since then, GFS shares have decreased by 21.9% and is now trading at $47.31. 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 results on Tuesday, February, 13th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. The firm earned $1.85 billion during the quarter, compared to analyst estimates of $1.85 billion. GLOBALFOUNDRIES had a net margin of 13.80% and a trailing twelve-month return on equity of 10.16%. GLOBALFOUNDRIES's quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter last year, the business earned $1.37 earnings per share. 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 Technology AlphaDEX Fund (FXL), 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 earnings per share 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 variety of retail and institutional investors. Top institutional shareholders include Rheos Capital Works Inc. (0.05%), Sumitomo Mitsui Trust Holdings Inc. (0.02%), Renaissance Capital LLC (0.01%), Louisiana State Employees Retirement System (0.01%), IMC Chicago LLC (0.00%) and Global Assets Advisory 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 4/25/2024 by MarketBeat.com Staff From Our PartnersHe Is Giving Away BitcoinCrypto Swap ProfitsBitcoin Rockets To Record High But Buy THIS InsteadParadigm Presstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyUrgent Alert: Biden's IRS Targeting Your Money – Act Fast to Protect It!American AlternativeEmergency: Biden's $20 Trillion Mistake Could Cost YOU!GoldenCrest MetalsFed launches fourth dollar overhaulStansberry Research1970’s computer coder issues shocking A.I. warningTradeSmithExposed: 10 CENT Crypto to Explode April 20th?True Market Insiders 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. 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