Cantor Fitzgerald Forecasts GlobalFoundries FY2025 Earnings

GlobalFoundries Inc. (NASDAQ:GFS - Free Report) - Stock analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for GlobalFoundries in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst C. Muse forecasts that the company will post earnings per share of $1.36 for the year. Cantor Fitzgerald has a "Neutral" rating and a $40.00 price objective on the stock. The consensus estimate for GlobalFoundries' current full-year earnings is $1.18 per share.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.08. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.73 billion. GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. The business's quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share.

Several other research analysts have also issued reports on the company. Citigroup dropped their target price on GlobalFoundries from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Morgan Stanley lowered shares of GlobalFoundries from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $53.00 to $43.00 in a research report on Monday, October 28th. UBS Group initiated coverage on GlobalFoundries in a report on Wednesday, November 20th. They issued a "neutral" rating and a $47.00 price target for the company. Robert W. Baird reduced their price objective on GlobalFoundries from $63.00 to $50.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Finally, Evercore ISI decreased their target price on GlobalFoundries from $71.00 to $55.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, GlobalFoundries has an average rating of "Hold" and an average price target of $50.21.

GlobalFoundries Price Performance

GFS traded down $0.69 during trading hours on Wednesday, hitting $41.67. The company's stock had a trading volume of 2,117,270 shares, compared to its average volume of 1,441,438. GlobalFoundries has a 12 month low of $35.85 and a 12 month high of $61.98. The company has a current ratio of 2.42, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19. The business's 50-day moving average price is $43.10 and its 200-day moving average price is $43.75. The stock has a market cap of $22.99 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 9.33 and a beta of 1.57.

Hedge Funds Weigh In On GlobalFoundries

Several hedge funds have recently bought and sold shares of GFS. Ghisallo Capital Management LLC grew its stake in GlobalFoundries by 200.0% during the 2nd quarter. Ghisallo Capital Management LLC now owns 300,000 shares of the company's stock worth $15,168,000 after purchasing an additional 200,000 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of GlobalFoundries by 89.0% in the 3rd quarter. Quantbot Technologies LP now owns 73,762 shares of the company's stock valued at $2,969,000 after buying an additional 34,731 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of GlobalFoundries by 1,935.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,210 shares of the company's stock worth $5,120,000 after buying an additional 120,960 shares in the last quarter. Versor Investments LP increased its stake in shares of GlobalFoundries by 167.7% during the third quarter. Versor Investments LP now owns 19,008 shares of the company's stock worth $765,000 after buying an additional 11,908 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in GlobalFoundries in the third quarter valued at approximately $8,361,000.

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.