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GlobalFoundries Inc (GFS)
NASDAQ:GFS
GlobalFoundries Inc (GFS) Stock Price & Analysis
688 Followers
GFS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$45.52 - $68.57
Previous Close$53.14
Volume1.39M
Average Volume (3M)1.67M
Market Cap
$29.52B
Enterprise Value$28.91B
Total Cash (Recent Filing)$3.42B
Total Debt (Recent Filing)$2.76B
Price to Earnings (P/E)32.7
Beta1.83
Next Earnings
Aug 06, 2024EPS Estimate
$0.29Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.63
Shares Outstanding553,548,190
10 Day Avg. Volume1,751,846
30 Day Avg. Volume1,669,116
Standard Deviation0.16
R-Squared0.26
Alpha0.00416
Financial Highlights & Ratios
Price to Book (P/B)2.64
Price to Sales (P/S)3.83
Price to Cash Flow (P/CF)10.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.11
Enterprise Value/Gross Profit13.76
Enterprise Value/Ebitda19.47
Forecast
1Y Price Target
$59.33Price Target Upside11.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
GlobalFoundries Inc News
Bulls Say, Bears Say
Bulls Say
Government SupportCapacity expansion is supported by the US and European CHIPS Act.
PartnershipsGFS has partnered with STMicroelectronics to build a jointly operated semiconductor manufacturing facility in France.
Revenue GrowthAutomotive demand, while lower than previously expected, is still expected to translate into robust revenue growth this year, better than peers.
Bears Say
EarningsRevenue growth and gross margin expansion may fall short of consensus estimates given the slow pace of inventory digestion.
InventoryThe rate of inventory reduction has been much slower than expected, echoing commentary from other companies during this earnings season.
Market DemandGFS's share price has underperformed compared to the NASDAQ due to its exposure to prolonged weak end-market demand from the consumer electronics sector.
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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 $45.52 and its highest was $68.57 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 Aug 06, 2024 which is in 30 days.
How were GlobalFoundries Inc’s earnings last quarter?
GlobalFoundries Inc released its earnings results on May 07, 2024. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.231 by $0.079.
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 $0.29.
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 $0.31 in its last earnings report, beating expectations of $0.231. Following the earnings report the stock price went up 7.098%.
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 874M.
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GlobalFoundries Inc Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$59.33 (11.65% Upside)
$59.33 (11.65% Upside)
Blogger Sentiment
Neutral
GFS Sentiment 72%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 254.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.1%
Last 30 Days ▲ 0.7%
Last 30 Days ▲ 0.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-16.11%
12-Months-Change
Fundamentals
Return on Equity
8.36%
Trailing 12-Months
Asset Growth
3.59%
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.
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GFS Company Deck
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GFS Earnings Call
Q1 2024
0:00 / 0:00
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GFS Stock 12 Month Forecast
Average Price Target
$59.33
▲(11.65% Upside)
Technical Analysis
Best Analysts Covering GFS
1 Year
1 Year Success Rate
4/8 ratings generated profit
1 Year Average Return
-3.74%
reiterated a buy rating 2 months ago
Copying Joseph Moore's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of -3.74% per trade.
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