CenterBook Partners LP Purchases New Stake in Wolfspeed, Inc. $WOLF

Key Points

• CenterBook Partners LP acquired 106,276 Wolfspeed shares in the third quarter, worth about $2.99 million and representing approximately 0.20% of the company.
• Wolfspeed reported a quarterly loss of $2.03 per share, slightly worse than analysts expected, while revenue fell 21.2% year over year to $155 million—above consensus estimates.
• Analyst sentiment is mostly cautious: the stock has an average “Hold” rating and a $22.67 average price target, with TD Cowen recently lowering its target to $23.

CenterBook Partners LP acquired a new position in shares of Wolfspeed, Inc. (NYSE:WOLF - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 106,276 shares of the company's stock, valued at approximately $2,990,000. CenterBook Partners LP owned about 0.20% of Wolfspeed at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its stake in Wolfspeed by 96.8% during the third quarter. SBI Securities Co. Ltd. now owns 1,429 shares of the company's stock valued at $40,000 after purchasing an additional 703 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Wolfspeed during the second quarter worth $204,000. AXQ Capital LP bought a new position in shares of Wolfspeed in the 2nd quarter worth about $208,000. Concurrent Investment Advisors LLC bought a new position in shares of Wolfspeed in the 2nd quarter worth about $229,000. Finally, Royal Bank of Canada bought a new position in shares of Wolfspeed in the 1st quarter worth about $89,000.

Wolfspeed Price Performance

Shares of WOLF opened at $23.79 on Friday. The company has a market cap of $1.26 billion, a P/E ratio of -1.67 and a beta of 8.67. The stock has a fifty day moving average price of $26.29 and a 200 day moving average price of $30.19. Wolfspeed, Inc. has a 12 month low of $13.48 and a 12 month high of $80.82.

Wolfspeed (NYSE:WOLF - Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported ($2.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.99) by ($0.04). The business had revenue of $155.00 million during the quarter, compared to the consensus estimate of $149.86 million. During the same quarter last year, the firm earned ($0.55) EPS. The business's revenue was down 21.2% compared to the same quarter last year. As a group, research analysts anticipate that Wolfspeed, Inc. will post -8.27 earnings per share for the current year.

Wolfspeed News Summary

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

Analysts Set New Price Targets

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

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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