FY2025 EPS Estimate for GlobalFoundries Lowered by Analyst

GlobalFoundries Inc. (NASDAQ:GFS) – Cantor Fitzgerald reduced their FY2025 EPS estimates for GlobalFoundries in a research note issued on Wednesday, February 12th. Cantor Fitzgerald analyst C. Muse now forecasts that the company will post earnings per share of $1.30 for the year, down from their prior estimate of $1.36. Cantor Fitzgerald currently has a “Neutral” rating and a $40.00 price target on the stock. The consensus estimate for GlobalFoundries’ current full-year earnings is $1.22 per share.

GFS has been the subject of several other reports. Robert W. Baird lowered their price objective on GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Citigroup decreased their price target on GlobalFoundries from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Evercore ISI dropped their price objective on shares of GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Susquehanna reduced their target price on shares of GlobalFoundries from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Finally, Morgan Stanley lifted their price target on shares of GlobalFoundries from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $50.00.

GlobalFoundries Stock Up 8.6 %

Shares of NASDAQ:GFS opened at $43.55 on Thursday. The company has a market cap of $24.03 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 8.23 and a beta of 1.56. GlobalFoundries has a 12 month low of $35.85 and a 12 month high of $61.98. The company has a current ratio of 2.42, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $42.37 and a 200 day moving average price of $42.33.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%.

Institutional Trading of GlobalFoundries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC increased its holdings in GlobalFoundries by 153.9% during the 4th quarter. Signaturefd LLC now owns 678 shares of the company’s stock worth $29,000 after purchasing an additional 411 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of GlobalFoundries during the 3rd quarter worth $34,000. Blue Trust Inc. increased its stake in shares of GlobalFoundries by 206.4% during the fourth quarter. Blue Trust Inc. now owns 1,106 shares of the company’s stock valued at $45,000 after buying an additional 745 shares during the period. US Bancorp DE increased its stake in shares of GlobalFoundries by 77.0% during the third quarter. US Bancorp DE now owns 1,218 shares of the company’s stock valued at $49,000 after buying an additional 530 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of GlobalFoundries in the fourth quarter valued at about $52,000.

GlobalFoundries Company Profile

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.