330,328 Wolfspeed, Inc. $WOLF Shares Sold by Calamos Advisors LLC

Key Points

• Calamos Advisors cut its Wolfspeed stake by 50.1% in the third quarter, selling 330,328 shares and retaining 329,364 shares, worth about $9.3 million.
• Wolfspeed’s latest quarter showed a $2.03-per-share loss, worse than analysts’ $1.99 expected loss; revenue fell 21.2% year over year to $155 million, though it topped estimates.
• Analysts’ average rating is “Hold,” with an average price target of $22.67; TD Cowen and Susquehanna recently lowered their targets.

Calamos Advisors LLC cut its stake in Wolfspeed, Inc. (NYSE:WOLF - Free Report) by 50.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,364 shares of the company's stock after selling 330,328 shares during the period. Calamos Advisors LLC owned 0.62% of Wolfspeed worth $9,265,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Renesas Electronics America Inc. bought a new position in shares of Wolfspeed during the second quarter worth about $813,126,949. Brooklands Fund Management Ltd acquired a new stake in shares of Wolfspeed in the 3rd quarter worth about $25,376,000. Panview Capital Ltd bought a new stake in Wolfspeed in the 2nd quarter valued at about $6,952,000. Readystate Asset Management LP bought a new stake in Wolfspeed in the 2nd quarter valued at about $6,841,000. Finally, Lazard Asset Management LLC bought a new stake in Wolfspeed in the 1st quarter valued at about $1,796,000.

More Wolfspeed News

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: Wolfspeed announced a $1.5 billion government loan commitment, which could support its funding needs and operations. Article: Wolfspeed’s Latest Quarter: Progress, and a Long Way to Go
• Neutral Sentiment: The company commercially introduced transparent silicon-carbide technology targeting augmented reality and quantum computing. These are potential new markets, though the articles provide no indication of near-term revenue impact. Article: Wolfspeed commercially introduces transparent SiC technology
• Negative Sentiment: Fiscal Q1 2027 results showed a $2.03 per-share loss, missing the $1.99 consensus loss, while revenue fell 21.2% year over year to $155 million. Revenue did exceed analysts’ expectations of $149.86 million, but the deeper loss and declining sales help explain the negative reaction to the report. Article: Wolfspeed Shares Slide After Q1 Earnings Print
• Negative Sentiment: TD Cowen cut its price target from $25 to $23 and maintained a “hold” rating, signaling limited expected upside at the time of its update. Article: Wolfspeed Given New $23 Price Target at TD Cowen

Analyst Ratings Changes

Several research analysts have commented on the stock. Susquehanna decreased their target price on shares of Wolfspeed from $30.00 to $25.00 and set a "neutral" rating for the company in a research report on Wednesday, October 21st. TD Cowen cut their price target on Wolfspeed from $25.00 to $23.00 and set a "hold" rating on the stock in a report on Thursday. Weiss Ratings cut Wolfspeed from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, October 23rd. Zacks Research upgraded Wolfspeed to a "hold" rating in a research report on Friday, September 25th. Finally, Wall Street Zen upgraded Wolfspeed from a "strong sell" rating to a "sell" rating in a research report on Saturday. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $22.67.

Wolfspeed Stock Performance

NYSE:WOLF opened at $23.79 on Friday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -1.67 and a beta of 8.67. Wolfspeed, Inc. has a 1 year low of $13.48 and a 1 year high of $80.82. The business has a fifty day moving average of $26.29 and a 200-day moving average of $30.19.

Wolfspeed (NYSE:WOLF - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($2.03) earnings per share for the quarter, missing analysts' consensus estimates of ($1.99) by ($0.04). The company had revenue of $155.00 million for the quarter, compared to analyst estimates of $149.86 million. The firm's quarterly revenue was down 21.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.55) EPS. On average, equities research analysts predict that Wolfspeed, Inc. will post -8.27 EPS for the current year.

Wolfspeed Company Profile

Wolfspeed, Inc is a semiconductor company focused on silicon carbide (SiC) technologies. Its products are designed to support the conversion and management of electrical power in applications that require high efficiency, high voltage, and operation at elevated temperatures.

The company develops and manufactures SiC power devices, including metal-oxide-semiconductor field-effect transistors, diodes, power modules, and related components. It also produces SiC materials such as wafers and epitaxial substrates used by semiconductor manufacturers.

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