GlobalFoundries (NASDAQ:GFS – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at TD Cowen in a report released on Thursday, Benzinga reports. They currently have a $75.00 price target on the stock. TD Cowen’s target price points to a potential upside of 56.70% from the stock’s previous close.
Several other analysts also recently commented on GFS. BNP Paribas Exane downgraded shares of GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 target price for the company. in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of GlobalFoundries in a report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Wedbush reiterated a “neutral” rating and issued a $72.00 target price on shares of GlobalFoundries in a report on Thursday. Finally, UBS Group lowered their target price on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $75.79.
Read Our Latest Analysis on GlobalFoundries
GlobalFoundries Stock Down 2.2%
GlobalFoundries (NASDAQ:GFS – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, analysts expect that GlobalFoundries will post 1.48 EPS for the current year.
Insider Buying and Selling at GlobalFoundries
In other GlobalFoundries news, Director Glenda Dorchak sold 4,000 shares of the business’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $58.22, for a total value of $232,880.00. Following the sale, the director directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 6,760 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total value of $345,571.20. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 16,590 shares of company stock valued at $859,087.
Hedge Funds Weigh In On GlobalFoundries
Several large investors have recently modified their holdings of the business. Bessemer Group Inc. increased its stake in shares of GlobalFoundries by 8,275,141.2% in the first quarter. Bessemer Group Inc. now owns 2,813,582 shares of the company’s stock worth $125,147,000 after purchasing an additional 2,813,548 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of GlobalFoundries by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,340,385 shares of the company’s stock worth $59,571,000 after purchasing an additional 31,590 shares in the last quarter. Bank of America Corp DE increased its stake in shares of GlobalFoundries by 106.1% in the first quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after purchasing an additional 450,722 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of GlobalFoundries by 322.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 715,000 shares of the company’s stock worth $31,803,000 after purchasing an additional 545,900 shares in the last quarter. Finally, Atreides Management LP purchased a new position in shares of GlobalFoundries in the first quarter worth about $21,110,000.
Key Headlines Impacting GlobalFoundries
Here are the key news stories impacting GlobalFoundries this week:
- Positive Sentiment: GlobalFoundries was selected to construct and operate two new semiconductor fabs in New York under a U.S.-Japan initiative offering up to $21 billion in funding. Japan is expected to finance much of the construction, allowing GFS to expand capacity while limiting its own capital burden and balance-sheet risk. GlobalFoundries shares retreat as investors weigh US-Japan manufacturing deal
- Positive Sentiment: The two facilities could add up to approximately 1.8 million 300mm wafers of annual capacity, with planned customer commitments from companies including Apple, General Motors, Cirrus Logic and Renesas. The expansion strengthens GFS’s position in reshoring, automotive, industrial and advanced-packaging supply chains. GlobalFoundries selected to operate two new semiconductor fabs
- Neutral Sentiment: Analyst opinion remains mixed but targets are well above recent trading levels: TD Cowen reaffirmed a Buy rating with a $75 target, while Wedbush maintained Neutral with a $72 target. The bullish targets imply significant potential upside, but the differing ratings underscore uncertainty about execution and valuation.
- Negative Sentiment: The retreat appears to reflect profit-taking after the announcement-driven rally. Investors must also wait until roughly 2029 for meaningful revenue from the new fabs, while construction, equipment-delivery and demand risks remain. Government equity participation—including plans to increase the U.S. stake—could create modest dilution, and GFS trades at a relatively demanding earnings multiple.
About GlobalFoundries
GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers’ designs and supporting them through process development, wafer fabrication, packaging, and related services.
Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.
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