Page 6 - Foundries Inc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Analysts expect that GlobalFoundries Inc (NASDAQ:GFS – Get Rating) will report sales of $1.90 billion for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for GlobalFoundries’ earnings. The company is scheduled to announce its next earnings results on Tuesday, May 10th. On average, analysts expect that GlobalFoundries will report full […]

GlobalFoundries (NASDAQ:GFS – Get Rating) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report issued on Thursday, Briefing.com reports. The brokerage presently has a $72.50 target price on the stock. Morgan Stanley’s target price indicates a potential upside of 21.64% from the company’s previous […]

GlobalFoundries Inc, the biggest US-based provider of made-to-order semiconductors, gave a bullish forecast for the current quarter, indicating the rush to get chips continues amid industry-wide shortages. Sales would be US$1.88 billion to US$1.92 billion in the period ending next month, the Malta, New York-based company said in a statement on Tuesday. Profit, excluding certain items, would be US$0.21 to US$0.27 a share. Those predictions compare with analysts’ average estimates of US$1.84 billion and US$0.14 a share. GlobalFoundries, majority owned by the government of Abu Dhabi, began lif...

GlobalFoundries Inc and major shareholder Mubadala Investment Co raised almost US$2.6 billion in an initial public offering (IPO), pricing the chipmaker’s shares at the top of a marketed range. The company and Mubadala on Wednesday sold 55 million shares for US$47 each after marketing them for US$42 to US$47, according to a statement confirming an earlier report by Bloomberg News. At US$47 a share, GlobalFoundries has a market value of more than US$25 billion based on the outstanding shares listed in its filings with the US Securities and Exchange Commission. The listing is the third biggest...

WASHINGTON (dpa-AFX) - GlobalFoundries announced the commencement of initial public offering of 55 million ordinary shares, 33 million of which are being offered by the company and 22 million of