Wedbush Has Negative Outlook of GlobalFoundries Q1 Earnings

GlobalFoundries Inc. (NASDAQ:GFSFree Report) – Equities researchers at Wedbush decreased their Q1 2025 earnings per share (EPS) estimates for GlobalFoundries in a note issued to investors on Tuesday, January 14th. Wedbush analyst M. Bryson now forecasts that the company will earn $0.17 per share for the quarter, down from their prior estimate of $0.23. Wedbush has a “Outperform” rating and a $60.00 price target on the stock. The consensus estimate for GlobalFoundries’ current full-year earnings is $1.22 per share. Wedbush also issued estimates for GlobalFoundries’ Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.36 EPS and Q4 2025 earnings at $0.45 EPS.

GlobalFoundries (NASDAQ:GFSGet Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 earnings per share.

A number of other research firms have also weighed in on GFS. Robert W. Baird cut their price objective on GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $40.00 price objective on shares of GlobalFoundries in a research report on Wednesday, November 6th. Evercore ISI dropped their target price on GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft dropped their target price on GlobalFoundries from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Morgan Stanley lowered GlobalFoundries from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $53.00 to $43.00 in a report on Monday, October 28th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.21.

Check Out Our Latest Analysis on GlobalFoundries

GlobalFoundries Stock Up 1.6 %

GlobalFoundries stock opened at $41.84 on Wednesday. GlobalFoundries has a twelve month low of $35.85 and a twelve month high of $61.98. The stock’s fifty day simple moving average is $43.18 and its 200-day simple moving average is $44.06. 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 firm has a market capitalization of $23.09 billion, a P/E ratio of 31.22, a P/E/G ratio of 10.71 and a beta of 1.57.

Hedge Funds Weigh In On GlobalFoundries

Several large investors have recently bought and sold shares of GFS. Marshall Wace LLP boosted its stake in GlobalFoundries by 108.6% in the second quarter. Marshall Wace LLP now owns 2,496,871 shares of the company’s stock valued at $126,242,000 after acquiring an additional 1,299,687 shares in the last quarter. FMR LLC boosted its stake in shares of GlobalFoundries by 2.4% during the third quarter. FMR LLC now owns 49,375,403 shares of the company’s stock worth $1,987,360,000 after buying an additional 1,160,403 shares during the period. Renaissance Technologies LLC boosted its stake in shares of GlobalFoundries by 267.7% during the second quarter. Renaissance Technologies LLC now owns 354,049 shares of the company’s stock worth $17,901,000 after buying an additional 257,749 shares during the period. Weiss Asset Management LP acquired a new stake in shares of GlobalFoundries during the third quarter worth about $8,361,000. Finally, Ghisallo Capital Management LLC boosted its stake in shares of GlobalFoundries by 200.0% during the second quarter. Ghisallo Capital Management LLC now owns 300,000 shares of the company’s stock worth $15,168,000 after buying an additional 200,000 shares during the period.

GlobalFoundries Company Profile

(Get Free Report)

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.

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