Brokers Set Expectations for GlobalFoundries FY2025 Earnings

GlobalFoundries Inc. (NASDAQ:GFS) – Stock analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for GlobalFoundries in a report issued on Tuesday, January 21st. Cantor Fitzgerald analyst C. Muse expects that the company will earn $1.36 per share for the year. Cantor Fitzgerald has a “Neutral” rating and a $40.00 price objective on the stock. The consensus estimate for GlobalFoundries’ current full-year earnings is $1.18 per share.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the firm posted $0.47 EPS. The business’s revenue was down 6.1% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the company. Citigroup decreased their price objective on GlobalFoundries from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price target on GlobalFoundries from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Robert W. Baird lowered their price target on GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of GlobalFoundries in a research note on Wednesday, November 6th. Finally, Evercore ISI cut their price target on GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $50.21.

GlobalFoundries Stock Down 0.7 %

GFS stock opened at $42.36 on Wednesday. The business’s 50-day moving average price is $43.10 and its 200-day moving average price is $43.76. The company has a quick ratio of 1.76, a current ratio of 2.42 and a debt-to-equity ratio of 0.19. GlobalFoundries has a twelve month low of $35.85 and a twelve month high of $61.98. The stock has a market cap of $23.37 billion, a P/E ratio of 31.61, a PEG ratio of 9.42 and a beta of 1.57.

Hedge Funds Weigh In On GlobalFoundries

Several hedge funds have recently bought and sold shares of GFS. Allspring Global Investments Holdings LLC acquired a new stake in shares of GlobalFoundries in the 3rd quarter valued at approximately $34,000. Blue Trust Inc. boosted its position in GlobalFoundries by 206.4% during the 4th quarter. Blue Trust Inc. now owns 1,106 shares of the company’s stock worth $45,000 after buying an additional 745 shares during the period. US Bancorp DE boosted its position in GlobalFoundries by 77.0% during the 3rd quarter. US Bancorp DE now owns 1,218 shares of the company’s stock worth $49,000 after buying an additional 530 shares during the period. AM Squared Ltd acquired a new stake in GlobalFoundries during the 3rd quarter worth approximately $60,000. Finally, Advisors Asset Management Inc. boosted its position in GlobalFoundries by 41.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,593 shares of the company’s stock worth $64,000 after buying an additional 463 shares during the period.

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.