Wall Street Zen Upgrades GlobalFoundries (NASDAQ:GFS) to Buy

GlobalFoundries (NASDAQ:GFS) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday.

Several other research firms have also weighed in on GFS. Arete upgraded GlobalFoundries from a “sell” rating to a “neutral” rating and set a $37.00 price objective on the stock in a research note on Wednesday, August 27th. UBS Group decreased their price target on GlobalFoundries from $43.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Morgan Stanley decreased their price target on GlobalFoundries from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Argus assumed coverage on GlobalFoundries in a research report on Tuesday, July 1st. They set a “buy” rating and a $52.00 price target on the stock. Finally, Arete Research set a $37.00 price target on GlobalFoundries in a research report on Wednesday, August 27th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, GlobalFoundries presently has a consensus rating of “Hold” and a consensus target price of $43.79.

GlobalFoundries Trading Down 1.6%

GFS stock opened at $31.67 on Monday. GlobalFoundries has a 1-year low of $29.77 and a 1-year high of $47.69. The firm has a market cap of $17.51 billion, a P/E ratio of -150.80, a P/E/G ratio of 1.03 and a beta of 1.48. The business’s 50 day moving average is $35.89 and its 200-day moving average is $36.45. The company has a current ratio of 2.63, a quick ratio of 1.92 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. GlobalFoundries had a positive return on equity of 6.55% and a negative net margin of 1.68%.The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the company posted $0.38 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. Equities analysts anticipate that GlobalFoundries will post 1.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Nomura Holdings Inc. bought a new position in GlobalFoundries in the 2nd quarter valued at $641,000. Teza Capital Management LLC acquired a new position in shares of GlobalFoundries in the 2nd quarter valued at $274,000. Tidal Investments LLC lifted its stake in shares of GlobalFoundries by 66.7% in the 2nd quarter. Tidal Investments LLC now owns 42,207 shares of the company’s stock valued at $1,612,000 after purchasing an additional 16,887 shares during the period. Select Equity Group L.P. acquired a new position in shares of GlobalFoundries in the 2nd quarter valued at $570,000. Finally, Oxford Asset Management LLP acquired a new stake in GlobalFoundries during the 2nd quarter worth $1,451,000.

GlobalFoundries Company Profile

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.