GlobalFoundries (GFS) to Release Quarterly Earnings on Tuesday

GlobalFoundries (NASDAQ:GFS) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 11th. Analysts expect GlobalFoundries to post earnings of $0.45 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

GlobalFoundries Stock Performance

NASDAQ GFS opened at $38.45 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.42 and a quick ratio of 1.76. The company has a market cap of $21.22 billion, a P/E ratio of 28.69, a P/E/G ratio of 8.23 and a beta of 1.56. The stock has a 50-day moving average of $42.63 and a two-hundred day moving average of $42.49. GlobalFoundries has a 1-year low of $35.85 and a 1-year high of $61.98.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $40.00 price objective on shares of GlobalFoundries in a report on Wednesday, November 6th. Susquehanna decreased their price target on shares of GlobalFoundries from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Robert W. Baird cut their price objective on GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Evercore ISI decreased their target price on GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Wedbush restated an “outperform” rating and set a $60.00 price target (down previously from $65.00) on shares of GlobalFoundries in a report on Tuesday, November 5th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.21.

GlobalFoundries Company Profile

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.