GlobalFoundries Gets a Downgrade. The Stock Drops. [MarketWatch]
GlobalFoundries Inc. (GFS)
Company Research
Source: MarketWatch
Want to see it on more articles? Give your feedback below or email product@barrons.com thumb-stroke-medium thumb-stroke-medium Global semi sales in January increased 15% to $47.6 billion from the prior year, but dropped 2.1% from the previous month. Courtesy of GlobalFoundries GlobalFoundries stock dropped on Tuesday after an analyst outlined concerns for the semiconductor stock. Susquehanna's Mehdi Hosseini downgraded shares to Neutral from Positive and cut his share price target to $48 from $65. The stock was off 2.3%, to $53.36—the top decliner in the Nasdaq 100 Other semi stocks were also falling: Taiwan Semiconductor Applied Materials, 0.1%, and Broadcom Advertisement “Although the downside risk to the consensus estimates appears to be limited, it is lack of upside and lack of any catalyst on the near-term horizon that are expected to negatively weigh on the share price,” Hosseini said in a research note. GlobalFoundries has had a difficult start to the year
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GFS
News
- GLOBALFOUNDRIES Inc. (NASDAQ: GFS) had its price target lowered by analysts at HSBC Holdings plc from $56.00 to $43.00. They now have a "hold" rating on the stock.MarketBeat
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- India is a key chip design market, Qualcomm says, as Modi makes semiconductor push [CNBC]CNBC
GFS
Earnings
- 2/13/24 - Beat
GFS
Sec Filings
- 4/29/24 - Form 20-F
- 3/15/24 - Form 144
- 2/16/24 - Form 144
- GFS's page on the SEC website