GlobalFoundries’ (GFS) “Hold” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of GlobalFoundries (NASDAQ:GFS) in a research note published on Monday, Marketbeat Ratings reports. They currently have a $38.00 price objective on the stock.

Several other research analysts also recently issued reports on GFS. UBS Group dropped their target price on shares of GlobalFoundries from $43.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Wedbush dropped their target price on shares of GlobalFoundries from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 6th. BNP Paribas Exane initiated coverage on shares of GlobalFoundries in a research note on Friday. They issued an “outperform” rating and a $45.00 target price on the stock. Argus initiated coverage on shares of GlobalFoundries in a research note on Tuesday, July 1st. They issued a “buy” rating and a $52.00 target price on the stock. Finally, Arete Research set a $37.00 target price on shares of GlobalFoundries in a research note on Wednesday, August 27th. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, GlobalFoundries has a consensus rating of “Hold” and a consensus price target of $43.00.

GlobalFoundries Trading Up 0.3%

NASDAQ:GFS opened at $35.42 on Monday. GlobalFoundries has a one year low of $29.77 and a one year high of $47.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.92. The company’s 50-day simple moving average is $33.99 and its 200 day simple moving average is $35.93. The firm has a market capitalization of $19.58 billion, a P/E ratio of -168.66, a PEG ratio of 1.38 and a beta of 1.49.

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

Institutional Trading of GlobalFoundries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. increased its holdings in GlobalFoundries by 26.3% during the first quarter. SBI Securities Co. Ltd. now owns 1,539 shares of the company’s stock valued at $57,000 after buying an additional 320 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in GlobalFoundries by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,744 shares of the company’s stock valued at $372,000 after buying an additional 324 shares during the last quarter. Voya Investment Management LLC increased its holdings in GlobalFoundries by 2.9% during the first quarter. Voya Investment Management LLC now owns 12,288 shares of the company’s stock valued at $454,000 after buying an additional 346 shares during the last quarter. California State Teachers Retirement System increased its holdings in GlobalFoundries by 5.7% during the second quarter. California State Teachers Retirement System now owns 6,480 shares of the company’s stock valued at $248,000 after buying an additional 347 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in GlobalFoundries by 51.3% during the first quarter. Signaturefd LLC now owns 1,026 shares of the company’s stock valued at $38,000 after buying an additional 348 shares during the last quarter.

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.