NASDAQ:GFS GLOBALFOUNDRIES (GFS) Stock Price, News & Analysis $39.41 -1.61 (-3.92%) (As of 09/20/2024 08:54 PM ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestTrends About GLOBALFOUNDRIES Stock (NASDAQ:GFS) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Key Stats Today's Range$39.09▼$40.8950-Day Range$39.11▼$58.3952-Week Range$38.49▼$62.61Volume2.76 million shsAverage Volume1.61 million shsMarket Capitalization$21.75 billionP/E Ratio24.33Dividend YieldN/APrice Target$57.54Consensus RatingModerate Buy Company OverviewGLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units; and offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York.Read More… Is Starlink Set For The Largest IPO In History? (Ad)He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. Then, he did it again with Tesla… which is up more than 19,500% since 2010. For perspective, that turns $100 invested into almost $20,000!Click here now for the urgent details. GLOBALFOUNDRIES Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 80th PercentileGLOBALFOUNDRIES scored higher than 80% of companies evaluated by MarketBeat, and ranked 215th out of 664 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.3 / 5Analyst RatingModerate Buy Consensus RatingGLOBALFOUNDRIES has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 7 hold ratings, and no sell ratings.Amount of Analyst CoverageGLOBALFOUNDRIES has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about GLOBALFOUNDRIES's stock forecast and price target. Earnings and Valuation3.1 / 5Proj. Earnings Growth48.62% Earnings GrowthEarnings for GLOBALFOUNDRIES are expected to grow by 48.62% in the coming year, from $1.09 to $1.62 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of GLOBALFOUNDRIES is 24.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.40.Price to Earnings Ratio vs. SectorThe P/E ratio of GLOBALFOUNDRIES is 24.33, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 249.64.Price to Earnings Growth RatioGLOBALFOUNDRIES has a PEG Ratio of 6.64. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGLOBALFOUNDRIES has a P/B Ratio of 1.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about GLOBALFOUNDRIES's valuation and earnings. Short Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted13.03% of the float of GLOBALFOUNDRIES has been sold short.Short Interest Ratio / Days to CoverGLOBALFOUNDRIES has a short interest ratio ("days to cover") of 7.3.Change versus previous monthShort interest in GLOBALFOUNDRIES has recently increased by 4.47%, indicating that investor sentiment is decreasing. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldGLOBALFOUNDRIES does not currently pay a dividend.Dividend GrowthGLOBALFOUNDRIES does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted13.03% of the float of GLOBALFOUNDRIES has been sold short.Short Interest Ratio / Days to CoverGLOBALFOUNDRIES has a short interest ratio ("days to cover") of 7.3.Change versus previous monthShort interest in GLOBALFOUNDRIES has recently increased by 4.47%, indicating that investor sentiment is decreasing. News and Social Media1.3 / 5News Sentiment0.33 News SentimentGLOBALFOUNDRIES has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for GLOBALFOUNDRIES this week, compared to 5 articles on an average week.Search InterestOnly 4 people have searched for GFS on MarketBeat in the last 30 days. This is a decrease of -79% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added GLOBALFOUNDRIES to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Company OwnershipN/AInsider TradingN/A Insider Buying vs. Insider SellingIn the past three months, GLOBALFOUNDRIES insiders have not sold or bought any company stock.Read more about GLOBALFOUNDRIES's insider trading history. GFS Stock News HeadlinesGLOBALFOUNDRIES (NASDAQ:GFS) Sets New 52-Week Low at $38.98September 18, 2024 | americanbankingnews.comGlobalFoundries Inc. (NASDAQ:GFS): A Chip Stock Powering The AI BoomSeptember 18, 2024 | msn.com[SHOCKING] Crypto Document Leak…A shocking leak has revealed Japanese electronics giant Sony is now starting its own blockchain. This move is being made in preparation to onboard all of Sony products (including Sony's Playstation, which captured a record 62% share of the global gaming console market in 2024). Enthusiasts and experts are buzzing with anticipation qnd one little-known crypto coin is poised for RAPID growth as we see this all unfold.September 23, 2024 | Crypto 101 Media (Ad)Brokerages Set GLOBALFOUNDRIES Inc. (NASDAQ:GFS) Price Target at $57.54September 15, 2024 | americanbankingnews.comFinancial Comparison: United Microelectronics (NYSE:UMC) vs. GLOBALFOUNDRIES (NASDAQ:GFS)September 15, 2024 | americanbankingnews.comMaintaining Hold on GlobalFoundries Amid Recovery Uncertainty and Inventory ChallengesSeptember 12, 2024 | markets.businessinsider.comGlobalFoundries' Compounding Mistake Against Taiwan Semi Haunts OutlookSeptember 11, 2024 | seekingalpha.comGlobalFoundries: AI, Inventory Stabilizing And Chip OnshoringSeptember 11, 2024 | seekingalpha.comSee More Headlines GFS Stock Analysis - Frequently Asked Questions How have GFS shares performed this year? GLOBALFOUNDRIES's stock was trading at $60.60 at the start of the year. Since then, GFS stock has decreased by 35.0% and is now trading at $39.41. View the best growth stocks for 2024 here. How were GLOBALFOUNDRIES's earnings last quarter? GLOBALFOUNDRIES Inc. (NASDAQ:GFS) announced its quarterly earnings data on Tuesday, August, 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.10. The business's revenue for the quarter was down 11.5% on a year-over-year basis. When did GLOBALFOUNDRIES IPO? GLOBALFOUNDRIES (GFS) raised $2.4 billion in an initial public offering on Thursday, October 28th 2021. The company issued 55,000,000 shares at $42.00-$47.00 per share. Who are GLOBALFOUNDRIES's major shareholders? Top institutional investors of GLOBALFOUNDRIES include Marshall Wace LLP (0.45%), Dimensional Fund Advisors LP (0.12%), Bank of New York Mellon Corp (0.09%) and ProShare Advisors LLC (0.09%). How do I buy shares of GLOBALFOUNDRIES? Shares of GFS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. Company Calendar Last Earnings8/06/2024Today9/23/2024Next Earnings (Estimated)11/05/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Semiconductors & related devices Sub-IndustryElectronic Equipment Current SymbolNASDAQ:GFS CUSIPN/A CIK1709048 Webwww.globalfoundries.com Phone518-305-9013FaxN/AEmployees12,000Year FoundedN/APrice Target and Rating Average Stock Price Target$57.54 High Stock Price Target$71.00 Low Stock Price Target$43.00 Potential Upside/Downside+46.0%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$1.62 Trailing P/E Ratio24.33 Forward P/E Ratio36.16 P/E Growth6.64Net Income$1.02 billion Net Margins11.82% Pretax Margin12.55% Return on Equity7.75% Return on Assets4.78% Debt Debt-to-Equity Ratio0.19 Current Ratio2.22 Quick Ratio1.59 Sales & Book Value Annual Sales$6.89 billion Price / Sales3.16 Cash Flow$4.35 per share Price / Cash Flow9.07 Book Value$20.15 per share Price / Book1.96Miscellaneous Outstanding Shares551,765,000Free FloatN/AMarket Cap$21.75 billion OptionableNot Optionable Beta1.54 Should I Buy GLOBALFOUNDRIES Stock? GFS Pros and Cons Explained These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 8, 2024. Please send any questions or comments about these GLOBALFOUNDRIES pros and cons to contact@marketbeat.com. GLOBALFOUNDRIES Bull Case Here are some ways that investors could benefit from investing in GLOBALFOUNDRIES Inc.: GLOBALFOUNDRIES Inc. has shown consistent growth in its earnings per share, beating analyst estimates and demonstrating financial strength. The company has a solid return on equity of 8.78%, indicating efficient use of shareholder funds to generate profits. Recent acquisitions of additional shares by institutional investors like Sumitomo Mitsui Trust Holdings Inc. and Mirae Asset Global Investments Co. Ltd. signal confidence in the company's future prospects. Despite fluctuations, GLOBALFOUNDRIES Inc. has maintained a stable stock price, providing a reliable investment option for risk-averse investors. The company's market capitalization of $25.18 billion reflects its position as a significant player in the semiconductor foundry industry, offering potential for long-term growth. GLOBALFOUNDRIES Bear Case Investors should be bearish about investing in GLOBALFOUNDRIES Inc. for these reasons: GLOBALFOUNDRIES Inc. has experienced a decline in revenue, down 11.5% year-over-year, which may raise concerns about its ability to sustain growth. The company's price-to-earnings-growth (PEG) ratio of 4.52 suggests that the stock may be overvalued relative to its earnings growth potential, potentially limiting upside for investors. While the return on equity is solid, the company's net margin of 12.66% indicates lower profitability compared to some competitors in the industry. GLOBALFOUNDRIES Inc. operates in a highly competitive semiconductor market, facing challenges from established players and emerging technologies that could impact its market share. The company's debt-to-equity ratio of 0.22 may raise concerns about its financial leverage and ability to manage debt obligations in the future. This page (NASDAQ:GFS) was last updated on 9/23/2024 by MarketBeat.com Staff From Our PartnersThe election trade you can't losePolitics is an unpredictable game. But no matter what happens in the next few months... There's one thin...Investors Alley | SponsoredHow the US Will Win the Great Lithium RaceChina spent $60B+ on lithium infrastructure in the past decade. It possesses 7.9% of the world’s supply, but i...DealMaker | Sponsored[SHOCKING] Crypto Document Leak…A shocking leak has revealed Japanese electronics giant Sony is now starting its own blockchain. 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