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NASDAQ:GFS

GlobalFoundries (GFS) Stock Price, News & Analysis

GlobalFoundries logo
$44.64 +0.61 (+1.39%)
(As of 12/24/2024 04:10 PM ET)

About GlobalFoundries Stock (NASDAQ:GFS)

Key Stats

Today's Range
$43.78
$44.71
50-Day Range
$36.01
$46.79
52-Week Range
$35.85
$62.61
Volume
607,457 shs
Average Volume
1.62 million shs
Market Capitalization
$24.63 billion
P/E Ratio
33.31
Dividend Yield
N/A
Price Target
$50.21
Consensus Rating
Hold

Company Overview

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. GlobalFoundries Inc. has a strategic partnership with Efficient Computer to develop high-performance computer processors. The company was incorporated in 2008 and is headquartered in Malta, New York.

GlobalFoundries Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
69th Percentile Overall Score

GFS MarketRank™: 

GlobalFoundries scored higher than 69% of companies evaluated by MarketBeat, and ranked 273rd out of 655 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    GlobalFoundries has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 6 buy ratings, 9 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    GlobalFoundries has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about GlobalFoundries' stock forecast and price target.
  • Earnings Growth

    Earnings for GlobalFoundries are expected to grow by 15.57% in the coming year, from $1.22 to $1.41 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of GlobalFoundries is 33.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.18.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of GlobalFoundries is 33.31, 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 240.49.

  • Price to Earnings Growth Ratio

    GlobalFoundries has a PEG Ratio of 10.71. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    GlobalFoundries has a P/B Ratio of 2.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    14.00% of the float of GlobalFoundries has been sold short.
  • Short Interest Ratio / Days to Cover

    GlobalFoundries has a short interest ratio ("days to cover") of 8.7.
  • Change versus previous month

    Short interest in GlobalFoundries has recently increased by 11.09%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    GlobalFoundries does not currently pay a dividend.

  • Dividend Growth

    GlobalFoundries does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    14.00% of the float of GlobalFoundries has been sold short.
  • Short Interest Ratio / Days to Cover

    GlobalFoundries has a short interest ratio ("days to cover") of 8.7.
  • Change versus previous month

    Short interest in GlobalFoundries has recently increased by 11.09%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    GlobalFoundries has a news sentiment score of 0.57. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for GlobalFoundries this week, compared to 6 articles on an average week.
  • Search Interest

    Only 12 people have searched for GFS on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • MarketBeat Follows

    13 people have added GlobalFoundries to their MarketBeat watchlist in the last 30 days. This is an increase of 225% compared to the previous 30 days.
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GFS Stock News Headlines

Trump Tariffs Semiconductors China
Trump’s China Tariffs Could Reshape These 2 Semiconductor Stocks (GFS)
Learn how Taiwan Semi and ASML stocks could be affected by Trump’s proposed tariffs. Discover the potential market impacts on these semiconductor leaders.
Random access memory and processors on motherboard - stock image
Beyond NVIDIA: Top 5 Semiconductor Stocks to Watch for 2025 (GFS)
The five industrial chipmakers on this list are in a position to rebound in 2025 and could easily surpass the robust 40% gain indicated for NVIDIA.
Media Humiliated: Demo of Elon’s Tech Proves They’re Wrong
Elon Musk believes his new AI product will be worth an incredible $9 trillion. But the mainstream media is not buying it.
Ambarella freeway computer circuit board
Ambarella’s Traction Drives Stock Surge: Market Reversal Underway (GFS)
Ambarella had a solid quarter in Q3 and raised guidance, leading the analysts to lift their stock price targets and send the market into a melt-up.
Computer circuit Board closeup — Photo
Dogs of Tech: 3 Semiconductor Stocks Set for a 2025 Rebound (GFS)
Semiconductor manufacturers like GlobalFoundries, Microchip Technologies, and Intel are down in the dumps in 2024 but expected to revert to growth in 2025.
Brokerages Set GlobalFoundries Inc. (NASDAQ:GFS) Price Target at $50.21
See More Headlines

GFS Stock Analysis - Frequently Asked Questions

GlobalFoundries' stock was trading at $60.60 at the start of the year. Since then, GFS stock has decreased by 26.3% and is now trading at $44.64.
View the best growth stocks for 2024 here
.

GlobalFoundries Inc. (NASDAQ:GFS) issued its quarterly earnings results on Tuesday, November, 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. GlobalFoundries's revenue was down 6.1% on a year-over-year basis.

GlobalFoundries (GFS) raised $2.4 billion in an initial public offering (IPO) on Thursday, October 28th 2021. The company issued 55,000,000 shares at $42.00-$47.00 per share.

Top institutional investors of GlobalFoundries include Mubadala Investment Co PJSC (81.63%), FMR LLC (8.95%), Matrix Capital Management Company LP (2.99%) and ArrowMark Colorado Holdings LLC (0.42%).

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that GlobalFoundries investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Advanced Micro Devices (AMD), Adobe (ADBE), CrowdStrike (CRWD) and Arista Networks (ANET).

Company Calendar

Last Earnings
11/05/2024
Today
12/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:GFS
Previous Symbol
NASDAQ:GFS
Fax
N/A
Employees
12,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$50.21
High Stock Price Target
$62.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+12.5%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
15 Analysts

Profitability

Net Income
$1.02 billion
Pretax Margin
12.05%

Debt

Sales & Book Value

Annual Sales
$6.77 billion
Cash Flow
$4.62 per share
Book Value
$20.15 per share

Miscellaneous

Free Float
N/A
Market Cap
$24.63 billion
Optionable
Not Optionable
Beta
1.59

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This page (NASDAQ:GFS) was last updated on 12/25/2024 by MarketBeat.com Staff
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