GlobalFoundries (NASDAQ:GFS) Earns Neutral Rating from Wedbush

15 Oct 2026, 13:30 by Danessa Lincoln · The Markets Daily

GlobalFoundries (NASDAQ:GFS – Get Free Report)‘s stock had its “neutral” rating restated by equities research analysts at Wedbush in a research report issued on Thursday, Benzinga reports. They currently have a $72.00 price target on the stock. Wedbush’s price target would indicate a potential upside of 53.81% from the company’s current price.

GFS has been the subject of a number of other reports. Morgan Stanley reaffirmed a “negative” rating and issued a $60.00 price objective on shares of GlobalFoundries in a research note on Thursday, August 6th. Stifel Nicolaus initiated coverage on GlobalFoundries in a report on Tuesday, September 1st. They set a “buy” rating and a $60.00 price target for the company. Robert W. Baird set a $140.00 target price on shares of GlobalFoundries in a research report on Thursday, August 6th. UBS Group cut their price target on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Jefferies Financial Group set a $60.00 target price on shares of GlobalFoundries in a research note on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $75.79.

View Our Latest Stock Report on GFS

GlobalFoundries Stock Performance

GlobalFoundries stock opened at $46.81 on Thursday. The stock has a market cap of $25.68 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 1.48 and a beta of 1.77. GlobalFoundries has a 1-year low of $32.02 and a 1-year high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. The firm has a 50 day simple moving average of $47.69 and a 200-day simple moving average of $59.70.

GlobalFoundries (NASDAQ:GFS – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, analysts expect that GlobalFoundries will post 1.48 EPS for the current year.

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries news, insider Pradheepa Raman sold 2,145 shares of GlobalFoundries stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $48.83, for a total transaction of $104,740.35. Following the completion of the transaction, the insider owned 2,145 shares in the company, valued at approximately $104,740.35. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Glenda Dorchak sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $58.22, for a total transaction of $232,880.00. Following the transaction, the director directly owned 14,867 shares of the company’s stock, valued at approximately $865,556.74. This trade represents a 21.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,590 shares of company stock worth $859,087 in the last three months.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in GlobalFoundries by 39.8% during the first quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after acquiring an additional 237 shares during the last quarter. Global Assets Advisory LLC purchased a new position in GlobalFoundries in the first quarter valued at approximately $53,000. FNY Investment Advisers LLC purchased a new stake in GlobalFoundries during the 2nd quarter worth $60,000. Western Wealth Management LLC purchased a new stake in shares of GlobalFoundries during the 1st quarter valued at about $68,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of GlobalFoundries by 8.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,954 shares of the company’s stock worth $87,000 after purchasing an additional 154 shares in the last quarter.

Trending Headlines about GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

Positive Sentiment: Japan is expected to provide substantial infrastructure funding—roughly $10 billion initially, with a potential second phase of similar size—allowing GlobalFoundries to expand without funding the full construction cost through debt or internal cash flow. The arrangement is viewed as favorable for the company’s balance sheet, which currently has a debt-to-equity ratio of about 0.13. GlobalFoundries to Build Two Chip Fabs With Up to $21 Billion Funding
Positive Sentiment: The two facilities could add up to 1.8 million 300mm wafers of annual capacity, or approximately 900,000 wafers per fab. The expansion is supported by expected demand from customers including Apple, General Motors, Cirrus Logic and Renesas, reducing the risk of building unused capacity. GlobalFoundries selected to operate two new semiconductor fabs
Positive Sentiment: The announcement strengthens GlobalFoundries’ strategic position in domestic and allied semiconductor supply chains. Separately, about $955 million in amended CHIPS Act funding will support silicon photonics, silicon-germanium and advanced-packaging projects. GlobalFoundries Stock Rises on Semiconductor Manufacturing Initiative
Neutral Sentiment: Construction is expected to begin in late 2026, but meaningful revenue from the new fabs is not anticipated until around 2029. Investors will therefore need to wait several years for the capacity expansion to affect earnings.
Negative Sentiment: The U.S. government is expected to receive approximately a 4% equity stake, creating modest dilution for existing shareholders. The projects also face normal execution risks, including construction delays, equipment shortages and changes in semiconductor demand.

GlobalFoundries Company Profile

(Get Free Report)

GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers’ designs and supporting them through process development, wafer fabrication, packaging, and related services.