GlobalFoundries Inc. (GFS)

Market Cap	23.02B
Revenue (ttm)	6.77B
Net Income (ttm)	742.00M
Shares Out	552.65M
EPS (ttm)	1.32
PE Ratio	31.57
Forward PE	25.13
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,449,695
Open	42.82
Previous Close	42.38
Day's Range	41.02 - 42.87
52-Week Range	35.85 - 62.61
Beta	1.53
Analysts	Buy
Price Target	51.07 (+22.59%)
Earnings Date	Nov 5, 2024

About GFS

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. GlobalFoundries Inc. has a strategic partnership with Efficient Computer to develop high-performance computer processors. The company was incorporated in 2008 and is headquartered in Malta, New York.

• Industry: Semiconductors
• Sector: Technology
• IPO Date: Oct 28, 2021
• Employees: 12,000
• Stock Exchange: NASDAQ
• Ticker Symbol: GFS
• Website: https://gf.com

Financial Performance

In 2023, GlobalFoundries's revenue was $7.39 billion, a decrease of -8.83% compared to the previous year's $8.11 billion. Earnings were $1.02 billion, a decrease of -29.56%.

Analyst Forecast

According to 15 analysts, the average rating for GFS stock is "Buy." The 12-month stock price forecast is $51.07, which is an increase of 22.59% from the latest price.

Price Target

$51.07

(22.59% upside)

Analyst Consensus: Buy