GlobalFoundries (NASDAQ:GFS) Announces Quarterly Earnings Results

GlobalFoundries (NASDAQ:GFS - Get Free Report) issued 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 return on equity of 6.87% and a net margin of 10.95%. GlobalFoundries updated its Q1 2025 guidance to 0.240-0.340 EPS.

GlobalFoundries Trading Up 1.2 %

Shares of NASDAQ:GFS traded up $0.53 during mid-day trading on Friday, reaching $43.35. The stock had a trading volume of 1,220,044 shares, compared to its average volume of 2,121,139. The firm has a market cap of $23.92 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 8.23 and a beta of 1.56. The firm has a 50 day simple moving average of $42.37 and a two-hundred day simple moving average of $42.33. The company has a current ratio of 2.42, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19. GlobalFoundries has a twelve month low of $35.85 and a twelve month high of $61.98.

Analyst Ratings Changes

GFS has been the subject of several research analyst reports. Cantor Fitzgerald reiterated a "neutral" rating and set a $40.00 target price on shares of GlobalFoundries in a research note on Wednesday, November 6th. Needham & Company LLC raised shares of GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 price target on the stock in a report on Wednesday. Susquehanna lowered their target price on shares of GlobalFoundries from $50.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. Morgan Stanley upped their target price on shares of GlobalFoundries from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Citigroup decreased their price objective on shares of GlobalFoundries from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.