GlobalFoundries (NASDAQ:GFS) Announces Earnings Results

GlobalFoundries (NASDAQ:GFS - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.07), Zacks reports. GlobalFoundries had a net margin of 10.95% and a return on equity of 6.87%. GlobalFoundries updated its Q1 2025 guidance to 0.240-0.340 EPS.

GlobalFoundries Stock Performance

Shares of NASDAQ GFS traded up $0.68 during midday trading on Friday, hitting $43.50. 1,095,669 shares of the company's stock traded hands, compared to its average volume of 2,118,338. The firm has a fifty day moving average of $42.37 and a 200 day moving average of $42.33. 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 quick ratio of 1.76 and a current ratio of 2.42. The stock has a market capitalization of $24.00 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 8.23 and a beta of 1.56.

Analyst Ratings Changes

Several brokerages recently commented on GFS. Needham & Company LLC raised shares of GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price objective on the stock in a research report on Wednesday. UBS Group cut their price target on shares of GlobalFoundries from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday. Morgan Stanley boosted their price objective on shares of GlobalFoundries from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday. Evercore ISI lowered their price objective on GlobalFoundries from $71.00 to $55.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Finally, Susquehanna reduced their target price on GlobalFoundries from $50.00 to $48.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $50.00.

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.