Wedbush Estimates GlobalFoundries’ Q1 Earnings (NASDAQ:GFS)

GlobalFoundries Inc. (NASDAQ:GFS) – Investment analysts at Wedbush decreased their Q1 2025 earnings estimates for shares of GlobalFoundries in a report issued on Tuesday, January 14th. Wedbush analyst M. Bryson now forecasts that the company will earn $0.17 per share for the quarter, down from their prior estimate of $0.23. Wedbush has a “Outperform” rating and a $60.00 price objective on the stock. The consensus estimate for GlobalFoundries’ current full-year earnings is $1.22 per share. Wedbush also issued estimates for GlobalFoundries’ Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.36 EPS and Q4 2025 earnings at $0.45 EPS.

A number of other equities analysts also recently weighed in on the company. Evercore ISI reduced their price target on GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Cantor Fitzgerald restated a “neutral” rating and issued a $40.00 price objective on shares of GlobalFoundries in a report on Wednesday, November 6th. Robert W. Baird lowered their target price on GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on GlobalFoundries from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Morgan Stanley cut shares of GlobalFoundries from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $53.00 to $43.00 in a research note on Monday, October 28th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $50.21.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $40.98 on Wednesday. The company has a market capitalization of $22.61 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 8.70 and a beta of 1.57. GlobalFoundries has a 52 week low of $35.85 and a 52 week high of $61.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.76 and a current ratio of 2.42. The company’s 50 day moving average price is $43.10 and its two-hundred day moving average price is $44.04.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Tuesday, November 5th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its holdings in GlobalFoundries by 12.1% during the 2nd quarter. Rhumbline Advisers now owns 87,029 shares of the company’s stock worth $4,400,000 after purchasing an additional 9,427 shares during the last quarter. Dimensional Fund Advisors LP increased its position in GlobalFoundries by 13.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 653,918 shares of the company’s stock worth $33,063,000 after buying an additional 77,581 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of GlobalFoundries by 267.7% during the second quarter. Renaissance Technologies LLC now owns 354,049 shares of the company’s stock worth $17,901,000 after buying an additional 257,749 shares in the last quarter. Amalgamated Bank boosted its position in shares of GlobalFoundries by 17.5% in the second quarter. Amalgamated Bank now owns 5,267 shares of the company’s stock valued at $266,000 after acquiring an additional 785 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of GlobalFoundries by 17.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,687 shares of the company’s stock valued at $237,000 after acquiring an additional 688 shares during the period.

About GlobalFoundries

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.