Deutsche Bank reiterated coverage on GlobalFoundries with a new price target
$GFS
Semiconductors
Technology
Deutsche Bank reiterated coverage of GlobalFoundries with a rating of Buy and set a new price target of $65.00 from $70.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/28/2024 | $53.00 → $43.00 | Overweight → Equal-Weight | Morgan Stanley |
| 8/7/2024 | $65.00 → $55.00 | Buy | TD Cowen |
| 5/13/2024 | $67.00 → $62.00 | Buy | Jefferies |
| 4/16/2024 | $71.00 | Outperform | Evercore ISI |
| 4/8/2024 | $70.00 → $55.00 | Overweight → Neutral | Cantor Fitzgerald |
| 3/5/2024 | $48.00 | Positive → Neutral | Susquehanna |
| 2/14/2024 | $70.00 → $56.00 | Buy → Neutral | Citigroup |
| 2/5/2024 | $65.00 → $56.00 | Overweight → Neutral | JP Morgan |
SC 13G/A - GLOBALFOUNDRIES Inc. (0001709048) (Subject)
SC 13G - GLOBALFOUNDRIES Inc. (0001709048) (Subject)
SC 13G - GLOBALFOUNDRIES Inc. (0001709048) (Subject)
Morgan Stanley downgraded GlobalFoundries from Overweight to Equal-Weight and set a new price target of $43.00 from $53.00 previously
TD Cowen reiterated coverage of GlobalFoundries with a rating of Buy and set a new price target of $55.00 from $65.00 previously
Jefferies initiated coverage of GlobalFoundries with a rating of Buy and set a new price target of $62.00 from $67.00 previously
144 - GLOBALFOUNDRIES Inc. (0001709048) (Subject)
6-K - GLOBALFOUNDRIES Inc. (0001709048) (Filer)
144 - GLOBALFOUNDRIES Inc. (0001709048) (Subject)
MALTA, N.Y. and EINDHOVEN, Netherlands, Oct. 23, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) and NXP Semiconductors (NASDAQ:NXPI) today announced collaboration to drive next-generation solutions across a range of end markets including automotive, IoT and smart mobile devices. This collaboration leverages GF's 22FDX® process technology platform and global manufacturing footprint to optimize the power, performance and time-to-market of NXP's solutions. GF's 22FDX chips will be manufactured in Dresden and Malta, New York, providing NXP geographically diverse supply for their customers. The new collaboration, building on the longtime relationship between NXP and GF, will enable
MALTA, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) today announced that it will host a conference call on Tuesday, November 5, 2024, at 8:30 a.m. ET following the release of the company's third quarter 2024 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, November 5, 2024, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company's financial results and a webcast of the conference call will be available on GlobalFoundries' Investor Relations website at https://investors.gf.com. About GF GlobalFoundries (GF) is o
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MALTA, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) today announced that it will host a conference call on Tuesday, November 5, 2024, at 8:30 a.m. ET following the release of the company's third quarter 2024 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, November 5, 2024, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company's financial results and a webcast of the conference call will be available on GlobalFoundries' Investor Relations website at https://investors.gf.com. About GF GlobalFoundries (GF) is o
MALTA, N.Y., Aug. 06, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (NASDAQ:GFS) today announced preliminary financial results for the second quarter ended June 30, 2024. Key Second Quarter Financial Highlights Revenue of $1.632 billionGross margin of 24.2% and Non-IFRS gross margin(1) of 25.2%Operating margin of 9.5% and Non-IFRS operating margin(1) of 13.0%Net income of $155 million and Non-IFRS net income(1) of $211 millionNon-IFRS Adjusted EBITDA(1) of $610 millionCash, cash equivalents and marketable securities of $4.1 billionYear to date net cash provided by operating activities of $890 million and Non-IFRS adjusted free cash flow of $563 million "In the sec
MALTA, N.Y., July 08, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) today announced that it will host a conference call on Tuesday, August 6, 2024, at 8:30 a.m. ET following the release of the company's second quarter 2024 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, August 6, 2024, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company's financial results and a webcast of the conference call will be available on GlobalFoundries' Investor Relations website at https://investors.gf.com. About GF GlobalFoundries (GF) is one