GlobalFoundries Inc. (GFS)

NASDAQ: GFS · IEX Real-Time Price · USD
52.07
+2.24 (4.50%)
At close: Oct 4, 2022 4:00 PM
52.16
+0.09 (0.17%)
After-hours: Oct 4, 2022 7:49 PM EDT
4.50%
Market Cap 28.13B
Revenue (ttm) 7.48B
Net Income (ttm) 488.07M
Shares Out 540.14M
EPS (ttm) 0.86
PE Ratio 60.55
Forward PE 20.58
Dividend n/a
Ex-Dividend Date n/a
Volume 1,105,557
Open 51.24
Previous Close 49.83
Day's Range 51.22 - 52.74
52-Week Range 36.81 - 79.49
Beta n/a
Analysts Buy
Price Target 69.69 (+33.8%)
Earnings Date Aug 9, 2022

About GFS

GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. It manufactures integrated circuits, which enable various electronic devices that are pervasive. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, power management units, and microelectromechanical systems, as well as offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Mal... [Read more...]

Industry Semiconductors
IPO Date Oct 28, 2021
Employees 14,600
Stock Exchange NASDAQ
Ticker Symbol GFS
Full Company Profile

Financial Performance

In 2021, GFS's revenue was $6.59 billion, an increase of 35.76% compared to the previous year's $4.85 billion. Losses were -$253.93 million, -81.20% less than in 2020.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for GFS stock is "Buy." The 12-month stock price forecast is 69.69, which is an increase of 33.84% from the latest price.

Price Target
$69.69
(33.84% upside)
Analyst Consensus: Buy
Stock Forecasts

News

GlobalFoundries Announces Conference Call to Review Third Quarter 2022 Financial Results

MALTA, New York, Oct. 03, 2022 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, November 8, 2022 at 8:30 a.m. ET following the release of...

1 day ago - GlobeNewsWire

7 Semiconductor Stocks to Buy Before the Bull Market Returns

While listing semiconductor stocks to buy typically generates a positive response, this year provides a contrasting case. Though the major indices all printed red ink since the start of 2022, technology...

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5 days ago - InvestorPlace

The 7 Best Growth Stocks to Buy in October

Amid fears of persistent inflation and economic slowdown, many growth names, especially those that aren't yet profitable, have fared poorly this year. However, growth stocks tend to outperform the broad...

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2 weeks ago - InvestorPlace

GlobalFoundries Joins the PHLX Semiconductor Sector Index (SOX)

MALTA, N.Y. , Sept. 19, 2022 /PRNewswire/ -- GlobalFoundries (GF) (Nasdaq: GFS), a global leader in feature-rich semiconductor manufacturing, today announced that the company has been added to the PHLX ...

2 weeks ago - PRNewsWire

Semiconductor Stocks Brace For Chip Cycle Downturn

Semiconductor stocks are showing signs of bottoming. But investor sentiment remains negative ahead of third-quarter earnings season.

Other symbols: INTCONTSEM
2 weeks ago - Investors Business Daily

Five Stocks Showing Bullish Action As Market Rally Gains Steam

Tech stocks haven't led the revived market rally, but GlobalFoundries leads five that are setting up or flashing buy signals. The post Five Stocks Showing Bullish Action As Market Rally Gains Steam appe...

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3 weeks ago - Investors Business Daily

BofA Thinks These 7 Chip Stocks Can Weather Current Market Downturn

Wall Street firm BofA Securities on Friday identified seven semiconductor stocks that it believes can withstand the current market downturn. The post BofA Thinks These 7 Chip Stocks Can Weather Current ...

Other symbols: ADIAVGOMRVLNXPIONSTM
3 weeks ago - Investors Business Daily

Citi launches positive catalyst watch on GlobalFoundries, Pivotal Research upgrades Roku

Yahoo Finance anchors Brian Sozzi and Julie Hyman discuss the call of the day on chip stocks and Roku.

3 weeks ago - Yahoo Finance

I would expect more and more subsidies to come to chip makers, says Citi's Danely

Christopher Danely, Citi semiconductor analyst, joins 'Squawk on the Street' to discuss the United States' decision to halt top chip sales to China, the broader impact of heightened tension between the ...

1 month ago - CNBC Television

Chip stocks could plunge another 25% as ‘we are entering the worst semiconductor downturn in a decade,' analyst says

After a rough few months for semiconductor stocks, one Wall Street analyst expects the pain to continue and predicted Tuesday that “we are entering the worst semiconductor downturn in a decade.”

1 month ago - Market Watch

Citi warns chip stocks have yet to bottom

Yahoo Finance Live anchors discuss Bernstein maintaining its Sell rating on Intel and Citi's warning on chip stocks.

Other symbols: ADIAMDINTCMUONSOXX
1 month ago - Yahoo Finance

GlobalFoundries Names Pradheepa Raman as Chief People Officer

Experienced HR executive joins GF leadership team MALTA, N.Y. , Aug. 25, 2022 /PRNewswire/ -- GlobalFoundries (NASDAQ: GFS) (GF), a global leader in feature-rich semiconductor manufacturing, today annou...

1 month ago - PRNewsWire

7 Semiconductor Stocks to Buy on the Dip

With August's signing of the bipartisan CHIPS and Science Act of 2022, investors ought to consider semiconductor stocks to buy on the dip. Primarily, this groundbreaking legislation will make historic i...

Other symbols: ASMLINTCMCHPMUNVDASWKS
1 month ago - InvestorPlace

7 Chip Stocks to Buy That Are Better Than Nvidia

Finding the best chip stocks to buy isn't as easy as it once was. After record demand in 2021, even the strongest chip stocks, such Nvidia (NASDAQ: NVDA ), continue to struggle as a result of supply cha...

Other symbols: ASMLINTCMUQCOMSWKSTXN
1 month ago - InvestorPlace

Wall Street's top analysts say these are their favorite stocks right now

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Walmart & Home Depot.

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1 month ago - CNBC

S&P 500 Stock In Buy Zone, Leading 5 Chip Names To Watch

On Semiconductor, a recent S&P 500 addition, is in a buy zone. It's one of several chip stocks to watch this coming week.

1 month ago - Investors Business Daily

Why GlobalFoundries, Micron Technology, and Applied Materials Soared Today

Electric vehicles will be getting big incentives and need lots of semiconductors, while a recent report on Apple put some market fears to rest.

Other symbols: AMATMU
1 month ago - The Motley Fool

GFS or AMBA: Which Is the Better Value Stock Right Now?

GFS vs. AMBA: Which Stock Is the Better Value Option?

Other symbols: AMBA
1 month ago - Zacks Investment Research

2 Chip Manufacturing Leaders Just Reported This

TSMC continues to see strong revenue growth despite a bleak outlook from numerous semiconductor companies.

Other symbols: TSM
1 month ago - The Motley Fool

GlobalFoundries Announces Participation in Upcoming Investor Conferences

MALTA, N.Y., Aug. 11, 2022 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will participate in the following upcoming investor conferences.

1 month ago - GlobeNewsWire

GlobalFoundries stock falls as fears of a chip glut eclipse strong outlook

GlobalFoundries Inc. shares fell Tuesday after the chip manufacturer's strong outlook was eclipsed by recent signs that the global chip shortage has flipped into a glut.

1 month ago - Market Watch

GlobalFoundries Sinks. Concerns About Chip Demand Outweigh Solid Earnings.

CEO says the contract chip manufacturer remains on track to deliver a strong year of growth and probability.

1 month ago - Barrons

GlobalFoundries CEO Tom Caulfield on earnings, CHIPS Act signing

Tom Caulfield, GlobalFoundries CEO, joins CNBC's 'Squawk Box' to discuss the company's earnings report and the CHIPS Act, which President Joe Biden plans to sign on Tuesday.

1 month ago - CNBC Television

Chipmaker GlobalFoundries Beats Second-Quarter Goals, Points Higher

Contract chipmaker GlobalFoundries on Tuesday beat Wall Street's targets for the second quarter and guided higher for the current period. The post Chipmaker GlobalFoundries Beats Second-Quarter Goals, P...

1 month ago - Investors Business Daily

GlobalFoundries Reports Second Quarter 2022 Financial Results

Record Revenue, Gross Profit, and Net Income Record Revenue, Gross Profit, and Net Income

1 month ago - GlobeNewsWire