FY2025 EPS Estimates for GlobalFoundries Lifted by Analyst

GlobalFoundries Inc. (NASDAQ:GFS) – Analysts at Cantor Fitzgerald increased their FY2025 earnings per share estimates for shares of GlobalFoundries in a note issued to investors on Thursday, November 13th. Cantor Fitzgerald analyst C. Muse now forecasts that the company will post earnings of $1.38 per share for the year, up from their prior forecast of $1.37. The consensus estimate for GlobalFoundries’ current full-year earnings is $1.31 per share. Cantor Fitzgerald also issued estimates for GlobalFoundries’ FY2026 earnings at $1.44 EPS.

A number of other research firms have also recently commented on GFS. Evercore ISI raised their target price on GlobalFoundries from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday. Wall Street Zen lowered GlobalFoundries from a “buy” rating to a “hold” rating in a research note on Saturday. BNP Paribas Exane started coverage on GlobalFoundries in a research report on Friday, October 24th. They issued an “outperform” rating and a $45.00 price objective on the stock. JPMorgan Chase & Co. cut their price target on GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Arete upgraded GlobalFoundries from a “sell” rating to a “neutral” rating and set a $37.00 price target on the stock in a research note on Wednesday, August 27th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.21.

GlobalFoundries Price Performance

Shares of NASDAQ:GFS opened at $33.05 on Monday. The company has a quick ratio of 2.24, a current ratio of 3.03 and a debt-to-equity ratio of 0.13. GlobalFoundries has a 52 week low of $29.77 and a 52 week high of $47.69. The company’s fifty day moving average is $34.29 and its 200 day moving average is $36.06. The stock has a market cap of $18.27 billion, a PE ratio of -367.18, a PEG ratio of 1.37 and a beta of 1.49.

Institutional Investors Weigh In On GlobalFoundries

Hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in GlobalFoundries by 7.9% during the 3rd quarter. Invesco Ltd. now owns 2,962,385 shares of the company’s stock worth $106,172,000 after purchasing an additional 217,866 shares in the last quarter. First Trust Advisors LP increased its stake in shares of GlobalFoundries by 15.2% during the 3rd quarter. First Trust Advisors LP now owns 2,659,454 shares of the company’s stock worth $95,315,000 after purchasing an additional 350,743 shares during the last quarter. AQR Capital Management LLC raised its position in shares of GlobalFoundries by 168.2% in the third quarter. AQR Capital Management LLC now owns 2,607,792 shares of the company’s stock valued at $93,463,000 after purchasing an additional 1,635,338 shares during the period. Pacer Advisors Inc. grew its position in shares of GlobalFoundries by 8,540.7% in the first quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company’s stock valued at $91,265,000 after purchasing an additional 2,444,018 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of GlobalFoundries by 137.8% in the third quarter. Squarepoint Ops LLC now owns 1,300,189 shares of the company’s stock valued at $46,599,000 after acquiring an additional 753,376 shares during the period.

About GlobalFoundries

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.