GlobalFoundries (NASDAQ:GFS) Shares Cross Below Fifty Day Moving Average – What’s Next?

Posted by Brian Himes on Oct 29th, 2026

GlobalFoundries Inc. (NASDAQ:GFS – Get Free Report) passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $46.64 and traded as low as $45.18. GlobalFoundries shares last traded at $46.11, with a volume of 5,430,419 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. TD Cowen reissued a “buy” rating and issued a $75.00 price objective on shares of GlobalFoundries in a research note on Thursday, October 15th. Zacks Research lowered GlobalFoundries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Wedbush reaffirmed a “neutral” rating and set a $72.00 target price on shares of GlobalFoundries in a research report on Thursday, October 15th. Morgan Stanley reiterated a “negative” rating and set a $60.00 price target on shares of GlobalFoundries in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $75.79.

Read Our Latest Research Report on GlobalFoundries

GlobalFoundries Stock Down 1.3%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The company has a market capitalization of $25.30 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 1.41 and a beta of 1.77. The firm’s 50-day simple moving average is $46.64 and its 200-day simple moving average is $54.88.

GlobalFoundries (NASDAQ:GFS – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates 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 business earned $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Sell-side analysts forecast that GlobalFoundries Inc. will post 1.48 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Pradheepa Raman sold 2,145 shares of the business’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $48.83, for a total transaction of $104,740.35. Following the transaction, the insider directly owned 2,145 shares in the company, valued at $104,740.35. The trade was a 50.00% decrease in their ownership of the stock. The sale 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 12,590 shares of company stock worth $621,855 over the last 90 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of GlobalFoundries in the 3rd quarter valued at $30,000. Parallel Advisors LLC lifted its holdings in shares of GlobalFoundries by 39.8% during the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after acquiring an additional 237 shares during the period. Global Assets Advisory LLC bought a new position in shares of GlobalFoundries during the 1st quarter worth about $53,000. FNY Investment Advisers LLC bought a new position in shares of GlobalFoundries during the 2nd quarter worth about $60,000. Finally, Signaturefd LLC boosted its position in shares of GlobalFoundries by 22.3% during the 3rd quarter. Signaturefd LLC now owns 1,370 shares of the company’s stock valued at $66,000 after acquiring an additional 250 shares in the last quarter.

GlobalFoundries Company Profile

(Get Free Report)

GlobalFoundries Inc (NASDAQ:GFS) is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.

GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.

The company was established in 2009 through the separation of Advanced Micro Devices’ manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.