Cantor Fitzgerald Predicts GlobalFoundries FY2025 Earnings

GlobalFoundries Inc. (NASDAQ:GFS - Free Report) - Equities researchers at Cantor Fitzgerald dropped their FY2025 earnings per share (EPS) estimates for GlobalFoundries in a research report issued to clients and investors on Wednesday, February 12th. Cantor Fitzgerald analyst C. Muse now anticipates that the company will post earnings of $1.30 per share for the year, down from their prior forecast of $1.36. Cantor Fitzgerald currently has a "Neutral" rating and a $40.00 target price on the stock. The consensus estimate for GlobalFoundries' current full-year earnings is $1.22 per share.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a net margin of 10.95% and a return on equity of 6.87%.

Several other brokerages have also recently issued reports on GFS. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of GlobalFoundries from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Morgan Stanley upped their price target on GlobalFoundries from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. 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 research note on Wednesday, November 6th. Wedbush reissued an "outperform" rating and set a $60.00 target price on shares of GlobalFoundries in a research report on Wednesday, February 12th. Finally, Citigroup decreased 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. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.64.

GlobalFoundries Trading Up 0.8 %

GFS stock traded up $0.34 on Thursday, hitting $43.16. 2,212,626 shares of the company were exchanged, compared to its average volume of 1,647,492. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.42 and a quick ratio of 1.76. The stock has a market capitalization of $23.81 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 8.23 and a beta of 1.56. GlobalFoundries has a twelve month low of $35.85 and a twelve month high of $61.98. The business's fifty day moving average is $42.31 and its two-hundred day moving average is $42.16.

Institutional Investors Weigh In On GlobalFoundries

Several institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its position in shares of GlobalFoundries by 7.5% during the fourth quarter. FMR LLC now owns 53,096,556 shares of the company's stock worth $2,278,373,000 after acquiring an additional 3,721,153 shares during the last quarter. Analog Century Management LP bought a new position in GlobalFoundries in the 4th quarter worth about $50,298,000. BNP Paribas Financial Markets acquired a new stake in shares of GlobalFoundries in the fourth quarter valued at approximately $22,912,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of GlobalFoundries during the fourth quarter valued at approximately $16,091,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of GlobalFoundries during the fourth quarter worth approximately $11,778,000.

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.