Q1 Earnings Estimate for GlobalFoundries Issued By Wedbush

GlobalFoundries Inc. (NASDAQ:GFS - Free Report) - Stock analysts at Wedbush decreased their Q1 2026 EPS estimates for shares of GlobalFoundries in a report released on Wednesday, April 16th. Wedbush analyst M. Bryson now anticipates that the company will earn $0.25 per share for the quarter, down from their prior forecast of $0.53. Wedbush has a "Outperform" rating and a $60.00 price target on the stock. The consensus estimate for GlobalFoundries' current full-year earnings is $1.31 per share. Wedbush also issued estimates for GlobalFoundries' Q2 2026 earnings at $0.32 EPS, Q3 2026 earnings at $0.43 EPS, Q4 2026 earnings at $0.54 EPS and FY2026 earnings at $1.54 EPS.

A number of other equities analysts have also issued reports on the company. Needham & Company LLC raised GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 target price on the stock in a research report on Wednesday, February 12th. Citigroup reduced their price objective on GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Morgan Stanley lifted their price target on GlobalFoundries from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Finally, UBS Group lowered their price target on GlobalFoundries from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $48.85.

GlobalFoundries Stock Up 0.3 %

Shares of NASDAQ:GFS opened at $31.70 on Friday. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average of $37.89 and a two-hundred day moving average of $40.46. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of -66.04, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54. GlobalFoundries has a 52-week low of $29.77 and a 52-week high of $61.98.

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 analysts' consensus estimates of $0.45 by ($0.07). GlobalFoundries had a negative net margin of 3.93% and a positive return on equity of 6.05%.

Hedge Funds Weigh In On GlobalFoundries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GFS. SBI Securities Co. Ltd. acquired a new position in shares of GlobalFoundries in the 4th quarter valued at approximately $52,000. SG Americas Securities LLC acquired a new position in GlobalFoundries in the fourth quarter valued at $1,748,000. US Bancorp DE lifted its stake in GlobalFoundries by 187.2% in the fourth quarter. US Bancorp DE now owns 3,498 shares of the company's stock valued at $150,000 after buying an additional 2,280 shares during the period. Geode Capital Management LLC increased its stake in GlobalFoundries by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 912,986 shares of the company's stock valued at $39,176,000 after purchasing an additional 16,921 shares in the last quarter. Finally, Polianta Ltd acquired a new position in shares of GlobalFoundries during the fourth quarter worth approximately $1,317,000.

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.

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