GFS icon

GlobalFoundries

43.16 USD
+0.34
0.79%
At close Feb 14, 4:00 PM EST
After hours
43.16
+0.00
0.00%
1 day
0.79%
5 days
11.58%
1 month
4.83%
3 months
0.96%
6 months
-0.92%
Year to date
1.60%
1 year
-21.48%
5 years
-6.98%
10 years
-6.98%
 

About: GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and employs about 13,000 people.

Employees: 12,000

0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 4 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

25% more repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 83

15% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 39

1% more funds holding

Funds holding: 265 [Q2] → 267 (+2) [Q3]

9% less call options, than puts

Call options by funds: $56M | Put options by funds: $61.8M

3.9% less ownership

Funds ownership: 103.01% [Q2] → 99.11% (-3.9%) [Q3]

23% less capital invested

Capital invested by funds: $28.9B [Q2] → $22.2B (-$6.78B) [Q3]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$42
3%
downside
Avg. target
$49
14%
upside
High target
$60
39%
upside

4 analyst ratings

positive
50%
neutral
50%
negative
0%
UBS
Timothy Arcuri
52% 1-year accuracy
16 / 31 met price target
4%upside
$45
Neutral
Maintained
12 Feb 2025
Wedbush
Matt Bryson
40% 1-year accuracy
17 / 42 met price target
39%upside
$60
Outperform
Reiterated
12 Feb 2025
Morgan Stanley
Joseph Moore
62% 1-year accuracy
38 / 61 met price target
3%downside
$42
Equal-Weight
Maintained
12 Feb 2025
Needham
Quinn Bolton
48% 1-year accuracy
67 / 140 met price target
16%upside
$50
Buy
Upgraded
12 Feb 2025

Financial journalist opinion

Based on 10 articles about GFS published over the past 30 days

Positive
CNBC Television
2 days ago
Global Foundries CEO: Our growth is in end-markets where we won sockets year-ago
Thomas Caulfield, Global Foundries CEO, joins CNBC's 'Money Movers' to discuss outlooks on semiconductors.
Global Foundries CEO: Our growth is in end-markets where we won sockets year-ago
Neutral
CNBC Television
2 days ago
GlobalFoundries CEO on policy changes under Trump
GlobalFoundries Thomas Caulfield discusses the CHIPS Act and whether there could be changes to the program under the new administration.
GlobalFoundries CEO on policy changes under Trump
Positive
The Motley Fool
2 days ago
Why GlobalFoundries Rallied 11.4% This Week
Shares of U.S. specialty chip manufacturer GlobalFoundries (GFS -1.68%) rallied 11.4% this week, according to data from S&P Global Market Intelligence.
Why GlobalFoundries Rallied 11.4% This Week
Positive
Benzinga
4 days ago
GlobalFoundries Gains Analyst Upgrade, Eyes Growth In Automotive And AI-Powered Data Centers
GlobalFoundries Inc GFS stock gained after Needham analyst Quinn Bolton upgraded the stock from Hold to Buy and a price target of $50.
GlobalFoundries Gains Analyst Upgrade, Eyes Growth In Automotive And AI-Powered Data Centers
Neutral
Seeking Alpha
5 days ago
GlobalFoundries, Inc. (GFS) Q4 2024 Earnings Call Transcript
GlobalFoundries, Inc. (NASDAQ:GFS ) Q4 2024- Earnings Conference Call February 11, 2025 8:30 AM ET Company Participants Sam Franklin - VP, Business Finance & IR Thomas Caulfield - CEO John Hollister - CFO Niels Anderskouv – CBO Tim Breen - COO Conference Call Participants Chris Caso - Wolfe Research Mark Lipacis - Evercore ISI Krish Sankar - TW Cowen Ross Seymore - Deutsche Bank Harlan Sur - J.P. Morgan Vivek Arya - Bank of America Securities Quinn Bolton - Needham & Company Operator Good day and thank you for standing by.
GlobalFoundries, Inc. (GFS) Q4 2024 Earnings Call Transcript
Positive
Zacks Investment Research
5 days ago
GlobalFoundries (GFS) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for GlobalFoundries (GFS) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
GlobalFoundries (GFS) Reports Q4 Earnings: What Key Metrics Have to Say
Positive
Zacks Investment Research
5 days ago
GlobalFoundries Inc. (GFS) Surpasses Q4 Earnings Estimates
GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.64 per share a year ago.
GlobalFoundries Inc. (GFS) Surpasses Q4 Earnings Estimates
Negative
Reuters
5 days ago
GlobalFoundries forecasts weak Q1 amid tariff concerns and smartphone sector struggles
GlobalFoundries on Tuesday forecast first-quarter revenue and profit below Wall Street estimates as the contract chipmaker braces for the potential impact of President Donald Trump's tariffs on automaker clients and a challenging smartphone market in 2025.
GlobalFoundries forecasts weak Q1 amid tariff concerns and smartphone sector struggles
Neutral
GlobeNewsWire
5 days ago
GlobalFoundries Reports Fourth Quarter 2024 and Fiscal Year 2024 Financial Results
MALTA, N.Y., Feb. 11, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2024.
GlobalFoundries Reports Fourth Quarter 2024 and Fiscal Year 2024 Financial Results
Neutral
Reuters
1 week ago
GlobalFoundries appoints Tim Breen as CEO
Contract chipmaker GlobalFoundries has appointed Tim Breen as its chief executive officer, the company said on Wednesday.
GlobalFoundries appoints Tim Breen as CEO
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