NASDAQ:GFS GLOBALFOUNDRIES (GFS) Stock Price, News & Analysis → The Small Biotech with a BIG Cancer Solution (From Behind the Markets) (Ad) Free GFS Stock Alerts $51.73 +0.94 (+1.85%) (As of 03/27/2024 ET) Add Compare Share Share Today's Range$51.05▼$51.8550-Day Range$50.79▼$60.4252-Week Range$48.12▼$72.37Volume1.31 million shsAverage Volume1.38 million shsMarket Capitalization$28.34 billionP/E Ratio28.11Dividend YieldN/APrice Target$64.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media Get GLOBALFOUNDRIES alerts: Email Address GLOBALFOUNDRIES MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.64 Rating ScoreUpside/Downside24.7% Upside$64.50 Price TargetShort InterestBearish15.88% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.91Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth110.00%From $1.00 to $2.10 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.44 out of 5 starsComputer And Technology Sector237th out of 588 stocksSemiconductors & Related Devices Industry32nd out of 87 stocks 3.3 Analyst's Opinion Consensus RatingGLOBALFOUNDRIES has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $64.50, GLOBALFOUNDRIES has a forecasted upside of 24.7% from its current price of $51.73.Amount of Analyst CoverageGLOBALFOUNDRIES has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted15.88% of the float of GLOBALFOUNDRIES has been sold short.Short Interest Ratio / Days to CoverGLOBALFOUNDRIES has a short interest ratio ("days to cover") of 8.Change versus previous month Previous Next 0.0 Dividend Strength Dividend YieldGLOBALFOUNDRIES does not currently pay a dividend.Dividend GrowthGLOBALFOUNDRIES does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GFS. Previous Next 2.7 News and Social Media Coverage News SentimentGLOBALFOUNDRIES has a news sentiment score of 0.91. 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 0.60 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for GLOBALFOUNDRIES this week, compared to 5 articles on an average week.Search InterestOnly 14 people have searched for GFS on MarketBeat in the last 30 days. This is a decrease of -48% compared to the previous 30 days.MarketBeat Follows17 people have added GLOBALFOUNDRIES to their MarketBeat watchlist in the last 30 days. This is an increase of 70% compared to the previous 30 days. Previous Next N/A Company Ownership Insider Buying vs. Insider SellingIn the past three months, GLOBALFOUNDRIES insiders have not sold or bought any company stock. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for GLOBALFOUNDRIES are expected to grow by 110.00% in the coming year, from $1.00 to $2.10 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of GLOBALFOUNDRIES is 28.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 148.14.Price to Earnings Ratio vs. SectorThe P/E ratio of GLOBALFOUNDRIES is 28.11, 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 277.07.Price to Earnings Growth RatioGLOBALFOUNDRIES has a PEG Ratio of 4.38. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGLOBALFOUNDRIES has a P/B Ratio of 2.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad MarketBeatYour $200 account credit is about to expireUpdate to MarketBeat All Access and Save $300 on Your Annual SubscriptionStart Your Risk-Free Trial Here About GLOBALFOUNDRIES Stock (NASDAQ:GFS)GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units; and offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York.Read More GFS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GFS Stock News HeadlinesMarch 27, 2024 | finance.yahoo.comTeramount and GlobalFoundries Collaborate to Advance Silicon PhotonicsMarch 21, 2024 | americanbankingnews.comGLOBALFOUNDRIES Inc. (NASDAQ:GFS) Given Consensus Recommendation of "Moderate Buy" by AnalystsMarch 28, 2024 | Behind the Markets (Ad)4x Better than Bitcoin4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.March 18, 2024 | forbes.comHumanoid AI Smart Robots Driving New Job RealitiesMarch 18, 2024 | investorplace.comBeyond the Biggies: 3 Alternative Chip Stocks Gaining TractionMarch 16, 2024 | ca.finance.yahoo.comGFS Apr 2024 60.000 putMarch 15, 2024 | msn.comQuickLogic Shares Zoom 616% In 4 Years: Could This Chipmaker Be On A Nvidia-Style Trajectory? (CORRECTED)March 15, 2024 | markets.businessinsider.comNvidia Blazes Trail For 3 Further Phases Of AI Investment Opportunity, Says AnalystMarch 28, 2024 | Behind the Markets (Ad)Central Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.March 13, 2024 | msn.comPentagon Scraps Plan to Spend $2.5 Billion on Intel GrantMarch 13, 2024 | msn.comPentagon Withdraws $2.5 Billion Grant to IntelMarch 6, 2024 | realmoney.thestreet.comGlobalFoundries downgraded on lack of catalysts at SusquehannaMarch 6, 2024 | msn.comSusquehanna Downgrades GLOBALFOUNDRIES (GFS)March 5, 2024 | markets.businessinsider.comAnalyst Scoreboard: 7 Ratings For GLOBALFOUNDRIESMarch 5, 2024 | msn.comGlobalFoundries skids as Susquehanna downgrades, citing lack of content growthMarch 5, 2024 | finance.yahoo.comGLOBALFOUNDRIES Inc.'s (NASDAQ:GFS) Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat?March 5, 2024 | barrons.comGlobalFoundries Gets a Downgrade. The Stock Drops.March 4, 2024 | investorplace.comThe Top 3 Nasdaq Stocks to Buy in March 2024March 4, 2024 | seekingalpha.comGlobalFoundries: Still Uncertain About When The Industry Will RecoverFebruary 29, 2024 | finance.yahoo.comNVIDIA and GlobalFoundries have been highlighted as Zacks Bull and Bear of the DayFebruary 27, 2024 | finance.yahoo.comWe Think GLOBALFOUNDRIES (NASDAQ:GFS) Can Stay On Top Of Its DebtFebruary 26, 2024 | msn.comGlobalFoundries–Town of Stillwater now accepting 2024 grant applicationsFebruary 25, 2024 | msn.comUS awards $1.5 bln to GlobalFoundries for semiconductor productionFebruary 23, 2024 | bizjournals.comGlobalFoundries planned expansion counts on billions of dollars in subsidiesFebruary 22, 2024 | finance.yahoo.comIs There Now An Opportunity In GLOBALFOUNDRIES Inc. (NASDAQ:GFS)?February 20, 2024 | msn.comWhat the latest GlobalFoundries’ deal mean for US chipmakersFebruary 20, 2024 | cnbc.comU.S. awards $1.5 billion to GlobalFoundries for semiconductor productionSee More Headlines Receive GFS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for GLOBALFOUNDRIES and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/13/2024Today3/27/2024Next Earnings (Estimated)5/14/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNASDAQ:GFS CUSIPN/A CIK1709048 Webwww.globalfoundries.com Phone518-305-9013FaxN/AEmployees14,000Year FoundedN/APrice Target and Rating Average Stock Price Target$64.50 High Stock Price Target$80.00 Low Stock Price Target$48.00 Potential Upside/Downside+24.7%Consensus RatingModerate Buy Rating Score (0-4)2.64 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$1.84 Trailing P/E Ratio28.11 Forward P/E Ratio51.73 P/E Growth4.38Net Income$1.02 billion Net Margins13.80% Pretax Margin14.66% Return on Equity10.16% Return on Assets6.09% Debt Debt-to-Equity Ratio0.16 Current Ratio2.04 Quick Ratio1.56 Sales & Book Value Annual Sales$7.39 billion Price / Sales3.83 Cash Flow$4.62 per share Price / Cash Flow11.19 Book Value$20.36 per share Price / Book2.54Miscellaneous Outstanding Shares547,760,000Free FloatN/AMarket Cap$28.34 billion OptionableNot Optionable Beta1.65 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesDr. Thomas H. Caulfield DES (Age 65)Ph.D., President, CEO & Director Mr. John C. Hollister CPA (Age 54)Chief Financial Officer Mr. Timothy Graham Breen (Age 46)Chief Operating Officer & Director Mr. William G. BillingsChief Accounting OfficerMr. Gregg Bartlett (Age 62)Chief Technology Officer Mr. Brad ClayChief Information OfficerMr. Sam FranklinVice President of Capital Markets & Investor RelationsMr. Saam Azar J.D. (Age 48)Senior VP, Chief Legal Officer & Secretary Ms. Laurie KellyChief Communications OfficerMs. Pradheepa Raman (Age 43)Chief People Officer More ExecutivesKey CompetitorsMaxim Integrated ProductsNASDAQ:MXIMOnsemiNASDAQ:ONASE TechnologyNYSE:ASXMonolithic Power SystemsNASDAQ:MPWRUnited MicroelectronicsNYSE:UMCView All CompetitorsInstitutional OwnershipVanguard Group Inc.Bought 12,634 shares on 3/11/2024Ownership: 0.045%Mubadala Investment Co PJSCBought 469,501,994 shares on 3/5/2024Ownership: 85.713%Greenwood Capital Associates LLCBought 7,868 shares on 3/5/2024Ownership: 0.020%Royal London Asset Management Ltd.Bought 2,511 shares on 3/1/2024Ownership: 0.005%American International Group Inc.Bought 729 shares on 2/28/2024Ownership: 0.007%View All Institutional Transactions Should I Buy GLOBALFOUNDRIES Stock? GFS Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of GLOBALFOUNDRIES was last updated on Monday, March 25, 2024 at 11:08 PM. Pros Here are some ways that investors could benefit from investing in GLOBALFOUNDRIES Inc.: GLOBALFOUNDRIES reported a strong EPS of $0.64 for the last quarter, beating the consensus estimate. Institutional investors like FMR LLC and Ameriprise Financial Inc. have significantly increased their holdings in GLOBALFOUNDRIES, indicating confidence in the company's future. The company operates as a semiconductor foundry worldwide, offering a diverse range of semiconductor devices and fabrication services, positioning itself well in the growing semiconductor industry. Despite a slight revenue decline, GLOBALFOUNDRIES has maintained a healthy net margin of 13.80%, showcasing operational efficiency. The stock price of GLOBALFOUNDRIES has shown resilience in recent periods, reflecting stability and potential growth. Cons Investors should be bearish about investing in GLOBALFOUNDRIES Inc. for these reasons: The semiconductor industry is highly competitive and subject to rapid technological advancements, posing challenges for sustained growth and market share. GLOBALFOUNDRIES experienced a revenue decline of 11.8% in the last quarter, indicating potential market challenges or shifts in demand. Market analysts anticipate lower earnings per share for the current fiscal year, suggesting potential short-term performance concerns. The company's return on equity of 10.16% may be considered moderate compared to industry peers, impacting investor confidence in long-term profitability. Investing in semiconductor companies involves inherent risks related to global economic conditions, supply chain disruptions, and geopolitical factors that can impact business operations and financial performance. GFS Stock Analysis - Frequently Asked Questions Should I buy or sell GLOBALFOUNDRIES stock right now? 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GLOBALFOUNDRIES in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GFS shares. View GFS analyst ratings or view top-rated stocks. What is GLOBALFOUNDRIES's stock price target for 2024? 11 brokerages have issued twelve-month target prices for GLOBALFOUNDRIES's shares. Their GFS share price targets range from $48.00 to $80.00. On average, they anticipate the company's stock price to reach $64.50 in the next year. This suggests a possible upside of 24.7% from the stock's current price. View analysts price targets for GFS or view top-rated stocks among Wall Street analysts. How have GFS shares performed in 2024? GLOBALFOUNDRIES's stock was trading at $60.60 on January 1st, 2024. Since then, GFS stock has decreased by 14.6% and is now trading at $51.73. View the best growth stocks for 2024 here. When is GLOBALFOUNDRIES's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our GFS earnings forecast. How were GLOBALFOUNDRIES's earnings last quarter? GLOBALFOUNDRIES Inc. (NASDAQ:GFS) posted its quarterly earnings data on Tuesday, February, 13th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.85 billion. GLOBALFOUNDRIES had a trailing twelve-month return on equity of 10.16% and a net margin of 13.80%. The firm's quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 EPS. What ETFs hold GLOBALFOUNDRIES's stock? ETFs with the largest weight of GLOBALFOUNDRIES (NASDAQ:GFS) stock in their portfolio include Innovator Deepwater Frontier Tech ETF (LOUP), Invesco PHLX Semiconductor ETF (SOXQ), First Trust NASDAQ 100 Technology Index Fund (QTEC), First Trust US Equity Opportunities ETF (FPX), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Global X Internet of Things Thematic ETF (SNSR), Renaissance IPO ETF (IPO) and AAM Transformers ETF (TRFM). What guidance has GLOBALFOUNDRIES issued on next quarter's earnings? GLOBALFOUNDRIES updated its first quarter 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share guidance of 0.180-0.280 for the period, compared to the consensus EPS estimate of 0.460. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.8 billion. When did GLOBALFOUNDRIES IPO? GLOBALFOUNDRIES (GFS) raised $2.4 billion in an IPO on Thursday, October 28th 2021. The company issued 55,000,000 shares at $42.00-$47.00 per share. Who are GLOBALFOUNDRIES's major shareholders? GLOBALFOUNDRIES's stock is owned by a variety of institutional and retail investors. Top institutional investors include Mubadala Investment Co PJSC (85.71%), First Trust Advisors LP (0.41%), Kodai Capital Management LP (0.20%), Mirae Asset Global Investments Co. Ltd. (0.18%), International Assets Investment Management LLC (0.10%) and Barclays PLC (0.09%). 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. This page (NASDAQ:GFS) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyBREAKING: New AI Breakthrough Could Change Healthcare ForeverBehind the Markets“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceBuy this small stock before coming AI Tidal WaveChaikin Analytics Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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