‘We think the Mag7 are vulnerable’ - Cantor Fitzgerald
Seeking Alpha News (Tue, 11-Feb 1:11 PM ET)
GlobalFoundries targets $1B+ free cash flow in 2025 with diversification efforts
Seeking Alpha News (Tue, 11-Feb 11:28 AM ET)
Chips mixed after results from GlobalFoundries, Lattice, Amkor
Seeking Alpha News (Tue, 11-Feb 8:54 AM ET)
GlobalFoundries Stock Takes a Hit After Q4 Earnings Report
Market Chameleon (Tue, 11-Feb 3:37 AM ET)
GlobalFoundries Announces 2024 Financial Results and Strategic Initiatives
TipRanks (Tue, 11-Feb 7:28 AM ET)
GLOBALFOUNDRIES Non-GAAP EPS of $0.46 beats by $0.01, revenue of $1.83B in-line
Seeking Alpha News (Tue, 11-Feb 7:05 AM ET)
GlobalFoundries Reports Fourth Quarter 2024 and Fiscal Year 2024 Financial Results
Globe Newswire (Tue, 11-Feb 7:00 AM ET)
Here's the major earnings before the open tomorrow
Seeking Alpha News (Mon, 10-Feb 6:00 PM ET)
New Rumors Emerge About Intel’s (NASDAQ:INTC) Next CEO
TipRanks (Fri, 7-Feb 3:01 PM ET)
GlobalFoundries Announces Leadership Transition to Drive Next Phase of Growth
Globe Newswire (Wed, 5-Feb 8:30 AM ET)
GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and employs about 12,000 people.
Globalfoundries - Ordinary Share trades on the NASDAQ stock market under the symbol GFS.
As of February 11, 2025, GFS stock price climbed to $40.10 with 6,470,970 million shares trading.
GFS has a beta of 2.24, meaning it tends to be more sensitive to market movements. GFS has a correlation of 0.56 to the broad based SPY ETF.
GFS has a market cap of $22.16 billion. This is considered a Large Cap stock.
Last quarter Globalfoundries - Ordinary Share reported $2 billion in Revenue and $.41 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.08.
In the last 3 years, GFS traded as high as $79.49 and as low as $35.85.
The top ETF exchange traded funds that GFS belongs to (by Net Assets): QQQ, QTEC, QQQM, QQEW, FXL.
GFS has underperformed the market in the last year with a price return of -28.3% while the SPY ETF gained +22.2%. GFS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.8% and -2.6%, respectively, while the SPY returned +1.5% and +1.0%, respectively.
GFS support price is $36.76 and resistance is $38.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GFS shares will trade within this expected range on the day.