GlobalFoundries (GFS)

• Market cap: $19.2B
• 1 day: 4.92%
• 5 days: 9.69%
• 1 month: -12.54%
• 3 months: -16.63%
• 6 months: -11.08%
• Year to date: -18.22%
• 1 year: -26.57%
• 5 years: -25.13%
• 10 years: -25.13%
• Sector: Technology
• Industry: Semiconductors

About: 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 13,000 people.

Employees: 13,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]

13% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 40

8% more capital invested

Capital invested by funds: $22.1B [Q3] → $23.8B (+$1.69B) [Q4]

0.94% more ownership

Funds ownership: 98.97% [Q3] → 99.91% (+0.94%) [Q4]

0% less funds holding

Funds holding: 268 [Q3] → 267 (-1) [Q4]

1% less repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 94

21% less call options, than puts

Call options by funds: $63.1M | Put options by funds: $80.3M

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $35 1% upside
• Avg. target: $46 34% upside
• High target: $60 73% upside

5 analyst ratings

• positive: 2 40%
• neutral: 3 60%
• negative: 0 0%

Citigroup Christopher Danely 34% 1-year accuracy 17 / 50 met price target	1% upside $35	Neutral Maintained	11 Apr 2025
UBS Timothy Arcuri 6% 1-year accuracy 2 / 31 met price target	30% upside $45	Neutral Maintained	12 Feb 2025
Wedbush Matt Bryson 8% 1-year accuracy 3 / 39 met price target	73% upside $60	Outperform Reiterated	12 Feb 2025
Morgan Stanley Joseph Moore 34% 1-year accuracy 21 / 62 met price target	21% upside $42	Equal-Weight Maintained	12 Feb 2025
Needham Quinn Bolton 12% 1-year accuracy 18 / 145 met price target	44% upside $50	Buy Upgraded	12 Feb 2025