Goldman Sachs Group Inc. raised its stake in shares of Wolfspeed (NYSE:WOLF - Free Report) by 176.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,380,499 shares of the company's stock after acquiring an additional 881,603 shares during the period. Goldman Sachs Group Inc. owned approximately 0.89% of Wolfspeed worth $4,224,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in Wolfspeed by 18.2% in the fourth quarter. Northern Trust Corp now owns 794,858 shares of the company's stock worth $5,294,000 after purchasing an additional 122,606 shares during the last quarter. Gotham Asset Management LLC boosted its stake in shares of Wolfspeed by 102.8% in the 4th quarter. Gotham Asset Management LLC now owns 51,761 shares of the company's stock worth $345,000 after buying an additional 26,241 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Wolfspeed by 0.7% in the fourth quarter. Voloridge Investment Management LLC now owns 1,915,695 shares of the company's stock worth $12,759,000 after acquiring an additional 12,660 shares during the period. PharVision Advisers LLC bought a new stake in shares of Wolfspeed in the fourth quarter worth $72,000. Finally, American Trust purchased a new stake in Wolfspeed during the fourth quarter valued at $68,000.
Wolfspeed Stock Performance
Shares of NYSE:WOLF traded down $0.25 during trading on Friday, hitting $2.21. The company's stock had a trading volume of 54,440,779 shares, compared to its average volume of 40,631,352. The company has a 50-day moving average of $1.57 and a 200-day moving average of $2.36. Wolfspeed has a 12 month low of $0.39 and a 12 month high of $17.45. The company has a debt-to-equity ratio of 30.65, a current ratio of 0.36 and a quick ratio of 0.30. The firm has a market cap of $345.80 million, a price-to-earnings ratio of -0.20 and a beta of 1.29.
About Wolfspeed
(
Free Report)
Wolfspeed, Inc operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.
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