Arete upgraded GlobalFoundries from Sell to Neutral and set a new price target of $37.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/27/2025 | $37.00 | Sell → Neutral | Arete |
| 7/10/2025 | $40.00 | Neutral | Goldman |
| 7/1/2025 | $52.00 | Buy | Argus |
| 2/12/2025 | $50.00 | Hold → Buy | Needham |
| 11/20/2024 | $47.00 | Neutral | UBS |
| 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 |
Arete upgraded GlobalFoundries from Sell to Neutral and set a new price target of $37.00
Goldman initiated coverage of GlobalFoundries with a rating of Neutral and set a new price target of $40.00
Argus initiated coverage of GlobalFoundries with a rating of Buy and set a new price target of $52.00
MALTA, N.Y., Sept. 23, 2025 (GLOBE NEWSWIRE) -- Today at its annual Technology Summit in Shanghai, China, GlobalFoundries (NASDAQ:GFS)(GF) announced its collaboration with Egis Technology to deliver a new direct time-of-flight (dToF) sensors on GF's 55nm platform. This new solution supports smart sensing technologies for new and emerging applications in smart mobile, IoT and automotive end markets. GF's first-generation FSI (front-side illuminated) SPAD (single-photon avalanche diode) device features best-in-class Dark Count Rate and Near-Infrared Photon Detection Probability for high-SNR dToF sensing. The SPAD device, available as a p-cell, is integrated on GF's feature-rich 55nm platfor
SINGAPORE, Sept. 16, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced that the World Economic Forum (WEF) has designated its 300mm fab in Singapore as part of the Global Lighthouse Network (GLN) of advanced manufacturers. This prestigious title recognizes GF's leadership in deploying and scaling Fourth Industrial Revolution (4IR) technologies to drive enterprise-wide operational transformation. GF continuously strives to leverage digital capabilities to improve safety, cost, quality, and productivity. By harnessing AI and machine learning, GF is transforming its manufacturing operations and driving smarter, more sustainable production across fabs in the U.S., Eur
Strategic Collaboration to Deliver Practical Chip Design Experience to Prepare the Next Generation of Engineering Talent Key Highlights Launching a pilot 'chip design to tapeout' flow curriculum, enabling academic institutions with industry-aligned coursework.Pilot testing underway at over 40 select worldwide universities with intent to scale.Combination of access to Synopsys' EDA solutions and GlobalFoundries' technology solutions to provide students valuable, real-world experience.SUNNYVALE, Calif. and MALTA, N.Y., Sept. 4, 2025 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) and GlobalFoundries (NASDAQ:GFS) (GF) announced today a new collaboration to launch an educational 'chip design to ta
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6-K - GLOBALFOUNDRIES Inc. (0001709048) (Filer)
Expansion of EMEA operations signals strong focus on Automotive, Industrial, and Communications Infrastructure market growth, leveraging the industry-leading MIPS Atlas Portfolio of RISC-V IP MIPS, a GlobalFoundries company, announced today that Michael Zirngibl has joined as Vice President, Business Development for EMEA. In this role, Michael will lead business expansion across the region, building on his extensive background in automotive, industrial, and communications infrastructure sectors to support MIPS mission to advance the next wave of physical AI. "Michael joining MIPS today highlights the opportunity for MIPS technology in physical AI platforms," said Sameer Wasson, MIPS CEO
MALTA, N.Y., July 01, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced that it has acquired Tagore Technology's proprietary and production proven Power Gallium Nitride (GaN) IP portfolio, a high-power density solution designed to push the boundaries of efficiency and performance in a wide range of power applications in automotive, internet of things (IoT) and artificial intelligence (AI) datacenter. As the digital world continues to evolve with technologies like Generative AI, GaN stands out as a pivotal solution for sustainable and efficient power management particularly in datacenters. Today's announcement reinforces GF's commitment to large-scale manufacturing
MALTA, N.Y., May 09, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced the appointment of two new senior executives to its leadership team. Tim Stone has been appointed as the new Chief Financial Officer (CFO), taking over for David Reeder who will leave the company after transitioning to Stone over the coming months, and Niels Anderskouv will join as the new Chief Business Officer (CBO). As CFO, Mr. Stone will build on the strong foundation laid by current CFO, David Reeder, and will focus on accelerating GF's financial performance. Mr. Stone brings a world-class finance pedigree to GF including more than 20 years building Amazon's global business in senior finan
MALTA, N.Y., Aug. 05, 2025 (GLOBE NEWSWIRE) -- GLOBALFOUNDRIES Inc. (GF) (NASDAQ:GFS) today announced preliminary financial results for the second quarter ended June 30, 2025. Key Second Quarter Financial Highlights Revenue of $1.688 billionGross margin of 24.2% and Non-IFRS gross margin(1) of 25.2%Operating margin of 11.6% and Non-IFRS operating margin(1) of 15.3%Net income of $228 million and Non-IFRS net income(1) of $234 millionDiluted earnings per share of $0.41 and Non-IFRS diluted earnings per share(1) of $0.42Non-IFRS adjusted EBITDA(1) of $585 millionEnding cash, cash equivalents and marketable securities of $3.9 billionNet cash provided by operating acti
MALTA, N.Y., July 02, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) today announced that it will host a conference call on Tuesday, August 5, 2025, at 8:30 a.m. ET following the release of the company's second quarter 2025 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, August 5, 2025, 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 a leading manu
MALTA, N.Y., May 06, 2025 (GLOBE NEWSWIRE) -- GLOBALFOUNDRIES Inc. (GF) (NASDAQ:GFS) today announced preliminary financial results for the first quarter ended March 31, 2025. Key First Quarter Financial Highlights Revenue of $1.585 billionGross margin of 22.4% and Non-IFRS gross margin(1) of 23.9%Operating margin of 9.5% and Non-IFRS operating margin(1) of 13.4%Net income of $211 million and Non-IFRS net income(1) of $189 millionDiluted earnings per share of $0.38 and Non-IFRS diluted earnings per share(1) of $0.34Non-IFRS adjusted EBITDA(1) of $558 millionEnding cash, cash equivalents and marketable securities of $3.7 billionNet cash provided by operating activities of $331 million and
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