Global chip contractor manufacturer GlobalFoundries (GFS) rides high among the high demand for semiconductor products during the global chip shortage. GFS stock entered the shopping area on Thursday.
In the morning trading on the stock market today, GFS stock came out for a 15-week consolidation period at the 73.35 stock market, according to IBD MarketSmith charts. It has achieved a record high of 76.36 in daily trading. In recent trading, it increased by 5.6%, close to 74.20. 5% shopping area expands to 77.02, based on IBD trading guidelines.
GlobalFoundries went public in October with its $ 47 per share. GFS stock rose to 73.25 in November before retreating and creating a consolidation pattern.
On the 8th of February, a company based in Malta, NY presented a report of defeat and promotion for the fourth quarter. In the December quarter, GlobalFoundries revenue increased by 117% year-on-year while total sales increased by 74%.
In the morning trading on the stock market today, GFS stock came out for a 15-week consolidation period at the 73.35 stock market, according to IBD MarketSmith charts. It has achieved a record high of 76.36 in daily trading. In recent trading, it increased by 5.6%, close to 74.20. 5% shopping area expands to 77.02, based on IBD trading guidelines.
GlobalFoundries went public in October with its $ 47 per share. GFS stock rose to 73.25 in November before retreating and creating a consolidation pattern.
On the 8th of February, a company based in Malta, NY presented a report of defeat and promotion for the fourth quarter. In the December quarter, GlobalFoundries revenue increased by 117% year-on-year while total sales increased by 74%.
GFS Stock Bonds First Place in Group
GlobalFoundries sold in 2022 and 2023 and plans to bring more volume online to meet demand. It has 30 long-term contracts with fabless semiconductor firms.
"We view GFS as a leading trailing-node, an analog / mixed-signal foundry that benefits from IoT (Internet of Things) looking for drivers who will translate to unit search by 10 times the size of mobile phones," said Jefferies analyst Mark Lipacis in a recent statement. to customers. You measure GFS stock as a purchase at a target price of 90.
GlobalFoundries stocks are ranked first in the IBD semiconductor manufacturer industry, according to the IBD Stock Checkup. It has an IBD Composite Rating of 95 out of 99. Chipmaker Allmi (ON) has the same combination and shares first place in the team.
Somewhere in the middle of the semiconductor stock, the Rambus (RMBS) has emerged from the base of the cup holder in the 29.11 shopping area, based on the MarketSmith weekly chart. In the morning markets, Rambus stock increased 1.6% to 29.48.
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