GlobalFoundries (GFS) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $42.00 to $42.66
• 50-Day Range: $36.01 to $46.79
• 52-Week Range: $35.85 to $62.61
• Volume: 1.11 million shs
• Average Volume: 1.63 million shs
• Market Capitalization: $23.38 billion
• P/E Ratio: 31.63
• Dividend Yield: N/A
• Price Target: $50.46
• Consensus Rating: Hold

GlobalFoundries Stock Analysis - MarketRank™

GlobalFoundries scored higher than 71% of companies evaluated by MarketBeat, and ranked 309th out of 660 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 Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

GlobalFoundries has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 6 buy ratings, 8 hold ratings, and no sell ratings.

Amount of Analyst Coverage

GlobalFoundries has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 15.57%

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 31.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.30.

Price to Earnings Ratio vs. Sector

The P/E ratio of GlobalFoundries is 31.63, 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 228.87.

Price to Earnings Growth Ratio

GlobalFoundries has a PEG Ratio of 10.08. 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 2.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

12.00% 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 8.1.

Change versus previous month

Short interest in GlobalFoundries has recently increased by 2.02%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

GlobalFoundries does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

12.00% 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 8.1.

Change versus previous month

Short interest in GlobalFoundries has recently increased by 2.02%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.68

News Sentiment

GlobalFoundries has a news sentiment score of 0.68. 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 higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for GlobalFoundries this week, compared to 6 articles on an average week.

Search Interest

25 people have searched for GFS on MarketBeat in the last 30 days. This is an increase of 213% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added GlobalFoundries to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, GlobalFoundries insiders have not sold or bought any company stock.

GFS Stock Analysis - Frequently Asked Questions

How have GFS shares performed this year?

GlobalFoundries' stock was trading at $60.60 at the start of the year. Since then, GFS stock has decreased by 30.1% and is now trading at $42.38.
View the best growth stocks for 2024 here.

How were GlobalFoundries' earnings last quarter?

GlobalFoundries Inc. (NASDAQ:GFS) announced its quarterly earnings data on Tuesday, November, 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.08. GlobalFoundries's revenue was down 6.1% compared to the same quarter last year.

When did GlobalFoundries IPO?

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 a price of $42.00-$47.00 per share.

Who are GlobalFoundries' major shareholders?

GlobalFoundries' top institutional investors 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%).

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.

What other stocks do shareholders of GlobalFoundries own?

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: 11/19/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/11/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:GFS
• Previous Symbol: NASDAQ:GFS
• CUSIP: N/A
• CIK: 1709048
• Web: www.globalfoundries.com
• Phone: 518-305-9013
• Fax: N/A
• Employees: 12,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $50.46
• High Stock Price Target: $62.00
• Low Stock Price Target: $40.00
• Potential Upside/Downside: +19.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.34
• Trailing P/E Ratio: 31.65
• Forward P/E Ratio: 34.76
• P/E Growth: 10.08
• Net Income: $1.02 billion
• Net Margins: 10.95%
• Pretax Margin: 12.05%
• Return on Equity: 6.87%
• Return on Assets: 4.29%

Debt

• Debt-to-Equity Ratio: 0.19
• Current Ratio: 2.42
• Quick Ratio: 1.76

Sales & Book Value

• Annual Sales: $7.39 billion
• Price / Sales: 3.17
• Cash Flow: $4.66 per share
• Price / Cash Flow: 9.11
• Book Value: $20.15 per share
• Price / Book: 2.10

Miscellaneous

• Outstanding Shares: 551,770,000
• Free Float: N/A
• Market Cap: $23.40 billion
• Optionable: Not Optionable
• Beta: 1.53