Wedbush Reiterates Outperform Rating for GlobalFoundries (NASDAQ:GFS)

GlobalFoundries (NASDAQ:GFS - Get Free Report)'s stock had its "outperform" rating restated by Wedbush in a report issued on Wednesday, MarketBeat Ratings reports. They presently have a $60.00 price objective on the stock. Wedbush's price target points to a potential upside of 39.02% from the stock's current price. Wedbush also issued estimates for GlobalFoundries' Q2 2025 earnings at $0.25 EPS.

Several other equities analysts have also weighed in on GFS. UBS Group started coverage on GlobalFoundries in a research note on Wednesday, November 20th. They issued a "neutral" rating and a $47.00 price target for the company. Robert W. Baird cut their price objective on GlobalFoundries from $63.00 to $50.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Needham & Company LLC raised GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price target on the stock in a research note on Wednesday. Cantor Fitzgerald reissued a "neutral" rating and issued a $40.00 price objective on shares of GlobalFoundries in a research note on Wednesday, November 6th. Finally, Evercore ISI dropped their target price on shares of GlobalFoundries from $71.00 to $55.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.64.

GlobalFoundries Stock Performance

GlobalFoundries stock traded up $0.34 during trading hours on Wednesday, hitting $43.16. 2,212,626 shares of the stock traded hands, compared to its average volume of 1,647,492. GlobalFoundries has a 1 year low of $35.85 and a 1 year high of $61.98. 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 P/E/G ratio of 8.23 and a beta of 1.56. The firm's 50 day moving average price is $42.31 and its 200-day moving average price is $42.22.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. As a group, equities analysts expect that GlobalFoundries will post 1.22 EPS for the current fiscal year.

Institutional Investors Weigh In On GlobalFoundries

A number of institutional investors have recently modified their holdings of GFS. Signaturefd LLC grew its holdings in shares of GlobalFoundries by 153.9% in the fourth quarter. Signaturefd LLC now owns 678 shares of the company's stock valued at $29,000 after purchasing an additional 411 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of GlobalFoundries in the third quarter valued at $34,000. Blue Trust Inc. grew its stake in GlobalFoundries by 206.4% during the 4th quarter. Blue Trust Inc. now owns 1,106 shares of the company's stock worth $45,000 after purchasing an additional 745 shares in the last quarter. US Bancorp DE increased its holdings in GlobalFoundries by 77.0% during the 3rd quarter. US Bancorp DE now owns 1,218 shares of the company's stock worth $49,000 after purchasing an additional 530 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in GlobalFoundries in the 4th quarter valued at about $52,000.

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.