GlobalFoundries Inc. (NASDAQ:GFS) Given Average Rating of “Hold” by Brokerages

Shares of GlobalFoundries Inc. (NASDAQ:GFS) have received an average recommendation of “Hold” from the nineteen brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $74.6250.

A number of research firms have commented on GFS. Loop Capital set a $80.00 price objective on shares of GlobalFoundries in a report on Monday, May 4th. Evercore reiterated an “outperform” rating and issued a $85.00 price objective on shares of GlobalFoundries in a report on Tuesday, May 19th. Citigroup increased their price objective on shares of GlobalFoundries from $49.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Robert W. Baird set a $100.00 price objective on shares of GlobalFoundries in a report on Wednesday, May 6th. Finally, Needham & Company LLC increased their price objective on shares of GlobalFoundries from $55.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th.

GlobalFoundries Trading Up 1.7%

Shares of GlobalFoundries stock opened at $82.41 on Wednesday. The firm has a market capitalization of $45.22 billion, a PE ratio of 59.29, a P/E/G ratio of 2.86 and a beta of 1.77. GlobalFoundries has a twelve month low of $31.51 and a twelve month high of $92.55. The firm’s 50-day moving average price is $75.99 and its 200 day moving average price is $54.78. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. GlobalFoundries’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, sell-side analysts predict that GlobalFoundries will post 1.38 EPS for the current fiscal year.

GlobalFoundries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Wednesday, June 24th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. GlobalFoundries’s dividend payout ratio is presently 34.53%.

Insider Transactions at GlobalFoundries

In other news, insider Michael James Hogan sold 2,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $83.53, for a total transaction of $233,884.00. Following the completion of the sale, the insider owned 3,745 shares in the company, valued at $312,819.85. This trade represents a 42.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 335 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $87.02, for a total transaction of $29,151.70. Following the sale, the insider owned 13,484 shares of the company’s stock, valued at $1,173,377.68. This represents a 2.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 23,010 shares of company stock valued at $1,569,846.

Institutional Trading of GlobalFoundries

A number of hedge funds and other institutional investors have recently made changes to their positions in GFS. WealthCollab LLC increased its holdings in shares of GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after buying an additional 614 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company’s stock worth $28,000 after buying an additional 544 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company’s stock worth $29,000 after buying an additional 387 shares during the last quarter. Covestor Ltd increased its holdings in shares of GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company’s stock worth $33,000 after buying an additional 349 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of GlobalFoundries during the 4th quarter worth approximately $35,000.

About GlobalFoundries

GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.