Wedbush Has Bearish Estimate for GlobalFoundries Q1 Earnings

GlobalFoundries Inc. (NASDAQ:GFS) – Wedbush cut their Q1 2025 earnings estimates for shares of GlobalFoundries in a research report issued on Wednesday, February 12th. Wedbush analyst M. Bryson now expects that the company will post earnings per share of $0.21 for the quarter, down from their previous forecast of $0.23. Wedbush currently has a “Outperform” rating and a $60.00 price target on the stock. The consensus estimate for GlobalFoundries’ current full-year earnings is $1.22 per share. Wedbush also issued estimates for GlobalFoundries’ Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.24 EPS, Q1 2026 earnings at $0.53 EPS, Q2 2026 earnings at $0.62 EPS, Q3 2026 earnings at $0.72 EPS, Q4 2026 earnings at $0.87 EPS and FY2026 earnings at $2.74 EPS.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%.

Several other brokerages also recently commented on GFS. Robert W. Baird cut their price objective on shares of GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Needham & Company LLC raised shares of GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Wednesday, February 12th. Evercore ISI cut their price objective on shares of GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley increased their price objective on shares of GlobalFoundries from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. Finally, Susquehanna cut their price objective on shares of GlobalFoundries from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.64.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $46.01 on Monday. GlobalFoundries has a one year low of $35.85 and a one year high of $61.98. The company’s 50-day moving average is $42.27 and its 200 day moving average is $42.13. The company has a market capitalization of $25.39 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 8.23 and a beta of 1.56. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.76 and a current ratio of 2.42.

Hedge Funds Weigh In On GlobalFoundries

Institutional investors and hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP boosted its holdings in shares of GlobalFoundries by 89.0% in the third quarter. Quantbot Technologies LP now owns 73,762 shares of the company’s stock worth $2,969,000 after buying an additional 34,731 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of GlobalFoundries by 1,935.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,210 shares of the company’s stock worth $5,120,000 after buying an additional 120,960 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of GlobalFoundries in the fourth quarter worth approximately $1,748,000. Versor Investments LP boosted its holdings in shares of GlobalFoundries by 167.7% in the third quarter. Versor Investments LP now owns 19,008 shares of the company’s stock worth $765,000 after buying an additional 11,908 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of GlobalFoundries in the third quarter worth approximately $8,361,000.

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.