UBS initiated coverage of GlobalFoundries with a rating of Neutral and set a new price target of $47.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 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 |
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
MALTA, N.Y., April 22, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) today announced it will accelerate its near-term greenhouse gas (GHG) emission reduction goals, enhancing the company's commitment to sustainable operations and further supporting the sustainability leadership of partners including Apple and Infineon Technologies AG. GF's revised targets will be set in line with Science Based Target Initiative (SBTi) standards. GF is updating its Journey to Zero Carbon pledge with the accelerated commitment to reduce total GHG emissions by 42% from 2021 to 2030, up from the previous target of 25%, even as the company continues to expand its global semiconductor manufacturing
MALTA, N.Y., April 02, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) today announced that it will host a conference call on Tuesday, May 6, 2025, at 8:30 a.m. ET following the release of the company's first quarter 2025 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, May 6, 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 manufactur
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., Nov. 21, 2022 /PRNewswire/ -- GlobalFoundries (NASDAQ:GFS) (GF), a global leader in feature-rich semiconductor manufacturing, today announced the appointment of Ashlie Wallace as Senior Vice President of Global Supply Chain, effective November 28, 2022. In this role, Ms. Wallace will spearhead GF's global supply chain operations including logistics, supply planning, sourcing, and procurement to drive operational efficiency that will support the company's continued growth. "Ashlie's deep expertise in supply chain management will continue to ensure GF is at the fore
SC 13G/A - GLOBALFOUNDRIES Inc. (0001709048) (Subject)
SC 13G/A - GLOBALFOUNDRIES Inc. (0001709048) (Subject)
SC 13G/A - GLOBALFOUNDRIES Inc. (0001709048) (Subject)
Needham upgraded GlobalFoundries from Hold to Buy and set a new price target of $50.00
UBS initiated coverage of GlobalFoundries with a rating of Neutral and set a new price target of $47.00
Morgan Stanley downgraded GlobalFoundries from Overweight to Equal-Weight and set a new price target of $43.00 from $53.00 previously
6-K - GLOBALFOUNDRIES Inc. (0001709048) (Filer)
6-K - GLOBALFOUNDRIES Inc. (0001709048) (Filer)
6-K - GLOBALFOUNDRIES Inc. (0001709048) (Filer)
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
MALTA, N.Y., April 02, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) today announced that it will host a conference call on Tuesday, May 6, 2025, at 8:30 a.m. ET following the release of the company's first quarter 2025 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, May 6, 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 manufactur
MALTA, N.Y., Feb. 11, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (NASDAQ:GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2024. Key Fourth Quarter Financial Highlights Revenue of $1.830 billionGross margin of 24.5% and Non-IFRS gross margin(1) of 25.4%Operating margin of (38.3)% and Non-IFRS operating margin(1) of 15.6%Net loss of $729 million and Non-IFRS net income(1) of $256 millionDiluted loss per share of $1.32 and Non-IFRS diluted earnings per share of $0.46Non-IFRS adjusted EBITDA(1) of $661 millionEnding cash, cash equivalents and marketable securities of $4.2 billionNet cash provided by operating activities of $