GlobalFoundries (NASDAQ:GFS – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.
Several other research firms have also issued reports on GFS. Citigroup increased their target price on GlobalFoundries from $49.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Robert W. Baird set a $100.00 price objective on shares of GlobalFoundries in a research report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective on shares of GlobalFoundries from $45.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Needham & Company LLC increased their price objective on shares of GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $70.00 target price on shares of GlobalFoundries in a report on Tuesday, May 5th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.81.
View Our Latest Report on GlobalFoundries
GlobalFoundries Stock Down 4.9%
GlobalFoundries (NASDAQ:GFS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the business posted $0.42 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Equities research analysts forecast that GlobalFoundries will post 1.38 EPS for the current year.
Insider Transactions at GlobalFoundries
In other GlobalFoundries news, Director Glenda Dorchak sold 4,000 shares of GlobalFoundries stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $58.22, for a total value of $232,880.00. Following the transaction, the director owned 14,867 shares in the company, valued at $865,556.74. The trade was a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,800 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $82.88, for a total value of $232,064.00. Following the transaction, the insider directly owned 9,645 shares of the company’s stock, valued at approximately $799,377.60. The trade was a 22.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 18,950 shares of company stock valued at $1,375,905.
Institutional Investors Weigh In On GlobalFoundries
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. WealthCollab LLC increased its position in GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company’s stock worth $25,000 after purchasing an additional 614 shares in the last quarter. Covestor Ltd boosted its position in GlobalFoundries by 57.6% in the fourth quarter. Covestor Ltd now owns 955 shares of the company’s stock valued at $33,000 after buying an additional 349 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in GlobalFoundries in the fourth quarter valued at approximately $35,000. Strategic Advocates LLC grew its stake in shares of GlobalFoundries by 95.1% during the fourth quarter. Strategic Advocates LLC now owns 1,026 shares of the company’s stock worth $37,000 after buying an additional 500 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after buying an additional 237 shares during the last quarter.
Key Headlines Impacting GlobalFoundries
Here are the key news stories impacting GlobalFoundries this week:
- Positive Sentiment: GlobalFoundries reported second-quarter earnings of $0.46 per share versus the $0.43 consensus estimate, while revenue of $1.79 billion exceeded expectations of $1.77 billion and increased 5.8% year over year. GlobalFoundries tops second quarter estimates on AI chip demand
- Positive Sentiment: Management cited growing demand for chips used in data centers, supported by artificial-intelligence infrastructure, as a key contributor to the quarter’s performance. The company indicated that its AI data-center opportunity remains in the “early innings,” suggesting potential for longer-term growth. GlobalFoundries says AI data center business is still in the early innings
- Positive Sentiment: GlobalFoundries declared a quarterly dividend of $0.12 per share, payable October 9 to shareholders of record September 23. The payment implies a $0.48 annualized dividend and an approximately 1% yield.
- Neutral Sentiment: Third-quarter guidance calls for earnings of $0.46 to $0.56 per share and revenue of approximately $1.9 billion. Revenue is broadly in line with expectations, while the EPS range brackets the $0.47 consensus estimate rather than decisively exceeding it. GlobalFoundries Reports Second Quarter 2026 Financial Results
- Negative Sentiment: The stock’s decline suggests investors may have expected a stronger outlook after prior optimism surrounding AI infrastructure and silicon photonics. A solid quarterly beat may therefore have been insufficient to justify the valuation or elevated expectations.
- Negative Sentiment: Reported insider activity was heavily skewed toward selling over the past six months—35 sales versus one purchase—which may add to investor caution, although such transactions do not necessarily reflect management’s view of the company.
About GlobalFoundries
GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.
GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.
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