GlobalFoundries (NASDAQ:GFS) Posts Earnings Results, Misses Expectations By $0.07 EPS

GlobalFoundries (NASDAQ:GFS) posted its quarterly earnings results on Tuesday. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07), Zacks reports. GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. GlobalFoundries updated its Q1 2025 guidance to 0.240-0.340 EPS.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $40.10 on Wednesday. The stock has a market capitalization of $22.13 billion, a PE ratio of 29.93, a PEG ratio of 8.23 and a beta of 1.56. The business’s 50 day simple moving average is $42.48 and its 200 day simple moving average is $42.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.42 and a quick ratio of 1.76. GlobalFoundries has a one year low of $35.85 and a one year high of $61.98.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GFS shares. Cantor Fitzgerald restated a “neutral” rating and set a $40.00 target price on shares of GlobalFoundries in a research note on Wednesday, November 6th. Evercore ISI dropped their price objective on GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Needham & Company LLC raised GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Wednesday. Citigroup lowered their target price on GlobalFoundries from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Robert W. Baird reduced their price target on shares of GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, GlobalFoundries presently has an average rating of “Hold” and an average price target of $50.20.

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.