Top investors say GlobalFoundries Inc (GFS) ticks everything they need

With 2.16 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.62 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $45.47 whereas the lowest price it dropped to was $43.795. The 52-week range on GFS shows that it touched its highest point at $62.61 and its lowest point at $35.85 during that stretch. It currently has a 1-year price target of $49.31. Beta for the stock currently stands at 1.60.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GFS was up-trending over the past week, with a rise of 4.08%, but this was up by 9.62% over a month. Three-month performance dropped to -2.73% while six-month performance fell -9.33%. The stock lost -20.34% in the past year, while it has lost -27.21% so far this year. A look at the trailing 12-month EPS for GFS yields 1.33 with Next year EPS estimates of 1.77. For the next quarter, that number is 0.45. This implies an EPS growth rate of -30.77% for this year and 14.18% for next year.

Float and Shares Shorts:

At present, 553.55 million GFS shares are outstanding with a float of 105.12 million shares on hand for trading. On 2024-11-15, short shares totaled 13.25 million, which was 240.0 higher than short shares on 1728950400. In addition to Dr. Thomas H. Caulfield DES, Ph.D. as the firm’s President, CEO & Director, Mr. John C. Hollister CPA serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 1.01969 of GFS’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, GFS reported revenue of $1739000000.0 and operating income of $186000000.0. The EBITDA in the recently reported quarter was $583000000.0 and diluted EPS was $0.32.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GFS since 12 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GFS analysts setting a high price target of 65.0 and a low target of 40.0, the average target price over the next 12 months is 48.6. Based on these targets, GFS could surge 47.36% to reach the target high and fall by -9.32% to reach the target low. Reaching the average price target will result in a growth of 10.18% from current levels.

Analysts have provided yearly estimates in a range of $1.57083 being high and $1.52162 being low. For GFS, this leads to a yearly average estimate of $1.55082. The surprise factor in the prior quarter was $0.29. Based on analyst estimates, the high estimate for the next quarter is $0.39 and the low estimate is $0.22. The average estimate for the next quarter is thus $0.33.