Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
GlobalFoundries Inc (GFS)
NASDAQ:GFS
Holding GFS?
Track your performance easily
GFS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$38.49 - $62.61
Previous Close$39.18
Volume2.00M
Average Volume (3M)1.53M
Market Cap
$21.76B
Enterprise Value$21.16B
Total Cash (Recent Filing)$3.42B
Total Debt (Recent Filing)$2.76B
Price to Earnings (P/E)26.7
Beta1.78
Next Earnings
Nov 05, 2024EPS Estimate
$0.33Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.47
Shares Outstanding553,548,190
10 Day Avg. Volume1,294,509
30 Day Avg. Volume1,530,434
Standard Deviation0.16
R-Squared0.25
Alpha-0.00044
Financial Highlights & Ratios
Price to Book (P/B)1.95
Price to Sales (P/S)2.93
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.20
Enterprise Value/Gross Profit10.07
Enterprise Value/Ebitda14.25
Forecast
1Y Price Target
$57.44Price Target Upside40.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
GlobalFoundries Inc News
PremiumMarket News
QQQ ETF Update, 9/18/2024 
PremiumCompany Announcements
GlobalFoundries Welcomes New Board Member
Bulls Say, Bears Say
Bulls Say
Free Cash FlowFree cash flow generation continues to expand, with management now expecting three times higher free cash flow compared with 2023, highlighting a healthy 15-20%+ free cash flow outlook into the upcycle.
PartnershipsGlobalfoundries has partnered with STMicroelectronics to build a jointly operated semiconductor manufacturing facility in France, which is expected to boost the company's annual capacity growth and extend its presence in Europe.
Portfolio ExpansionGlobalfoundries acquired Tagore Technology's gallium nitride power business, expanding its product portfolio to serve new applications and expanding its total serviceable addressable market by $1.6 billion by 2030.
Bears Say
InventoryInventory still remains elevated across most end markets, with normalization and depletion likely extending through the end of the year.
RevenueAutomotive revenue missed, as higher volumes from increased semi content and features in cars were offset by lower ASP and unfavorable mix.
UtilizationUtilization remains pressured at low-70%, below management guide of low-/mid-70%, with wafer shipments down -10% YoY while capacity likely increased +8% YoY.
---
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
GFS FAQ
What was GlobalFoundries Inc’s price range in the past 12 months?
GlobalFoundries Inc lowest stock price was $38.49 and its highest was $62.61 in the past 12 months.
What is GlobalFoundries Inc’s market cap?
Currently, no data Available
When is GlobalFoundries Inc’s upcoming earnings report date?
GlobalFoundries Inc’s upcoming earnings report date is Nov 05, 2024 which is in 46 days.
How were GlobalFoundries Inc’s earnings last quarter?
GlobalFoundries Inc released its earnings results on Aug 06, 2024. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.09.
Is GlobalFoundries Inc overvalued?
According to Wall Street analysts GlobalFoundries Inc’s price is currently Undervalued.
Does GlobalFoundries Inc pay dividends?
GlobalFoundries Inc does not currently pay dividends.
What is GlobalFoundries Inc’s EPS estimate?
GlobalFoundries Inc’s EPS estimate is $0.33.
How many shares outstanding does GlobalFoundries Inc have?
GlobalFoundries Inc has 555,505,250 shares outstanding.
What happened to GlobalFoundries Inc’s price movement after its last earnings report?
GlobalFoundries Inc reported an EPS of $0.38 in its last earnings report, beating expectations of $0.29. Following the earnings report the stock price went down -3.44%.
Which hedge fund is a major shareholder of GlobalFoundries Inc?
Among the largest hedge funds holding GlobalFoundries Inc’s share is Matrix Capital Management Company, LP. It holds GlobalFoundries Inc’s shares valued at 855M.
---
GlobalFoundries Inc Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$57.44 (40.03% Upside)
$57.44 (40.03% Upside)
Blogger Sentiment
Neutral
GFS Sentiment 58%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 227.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.2%
Last 30 Days ▲ 5.6%
Last 30 Days ▲ 5.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-32.73%
12-Months-Change
Fundamentals
Return on Equity
7.47%
Trailing 12-Months
Asset Growth
0.63%
Trailing 12-Months
Company Description
GlobalFoundries Inc
GLOBALFOUNDRIES Inc. is a semiconductor foundry. It manufactures complex ICs that enable electronic devices that are pervasive in every sector of the economy. It derives revenue primarily from fabricating semiconductor wafers using the company's manufacturing processes for the company's customers based on their proprietary integrated circuit designs and, from design, mask making, bumping, probing, assembly, and testing services.
---
GFS Company Deck
---
GFS Earnings Call
Q2 2024
0:00 / 0:00
---
GFS Stock 12 Month Forecast
Average Price Target
$57.44
▲(40.03% Upside)
Technical Analysis
Best Analysts Covering GFS
1 Year
1 Year Success Rate
5/17 ratings generated profit
1 Year Average Return
-8.89%
reiterated a buy rating 2 months ago
Copying Ross Seymore's trades and holding each position for 1 Year would result in 29.41% of your transactions generating a profit, with an average return of -8.89% per trade.
---