Streetbeat News

GFS

GLOBALFOUNDRIES Inc.

https://www.globalfoundries.com

Industry

Semiconductors

GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. It manufactures integrated circuits, which enable various electronic devices that are pervasive. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, power management units, and microelectromechanical systems, as well as offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York.

Open

42.71

Mkt cap

23B

Volume

1.6M

High

42.87

P/E Ratio

31.05

52-wk high

62.61

Low

40.58

Div yield

N/A

52-wk low

35.85

Morgan Stanley has downgraded GLOBALFOUNDRIES from Overweight to Equal-Weight and reduced its price target from $53 to $43.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 11:49 am

Semiconductor and chip stocks are experiencing a rise in share prices, likely influenced by Western Digital's Q1 earnings beat and a decrease in yields.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 3:29 pm

GlobalFoundries and NXP Semiconductors have announced a collaboration to develop next-generation 22FDX solutions for automotive, IoT, and smart mobile devices. This partnership will leverage GF's 22FDX technology to enhance NXP's product performance and efficiency.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 12:17 pm

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) has seen a short-term stock price increase of 2.88% over the past month, despite a 26.15% decline over the past year. The company's P/E ratio is lower than the industry average, suggesting potential undervaluation or low future growth expectations. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 2:00 pm

Semiconductor stocks are experiencing a rise in share prices following Taiwan Semiconductor's positive earnings report and strong future guidance.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:40 pm

Chip stocks are trading lower due to ASML's soft guidance and potential US export curbs.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 2:39 pm

GLOBALFOUNDRIES (NASDAQ:GFS) has received mixed analyst ratings over the past three months, with a decrease in the average 12-month price target from $62.83 to $56.83. Analysts have adjusted their ratings and price targets in response to market conditions, with some lowering their targets. The company faces financial challenges, including a decline in revenue growth and below-average net margin, ROE, and ROA compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 8:01 pm

Cantor Fitzgerald has maintained a Neutral rating on GLOBALFOUNDRIES (NASDAQ:GFS) but has lowered the price target from $55 to $40.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 7:11 pm

Semiconductor stocks are experiencing a rebound after a recent decline due to a broader market dip. This suggests a potential recovery in the sector.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 2:29 pm

Semiconductor and chip sector stocks are trading lower due to overall market weakness following Iran's missile attack on Israel.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 5:10 pm

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