Trillium Asset Management LLC Has $18.34 Million Stock Position in Wolfspeed, Inc. (NYSE:WOLF)

Trillium Asset Management LLC grew its holdings in shares of Wolfspeed, Inc. (NYSE:WOLF - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 421,473 shares of the company's stock after purchasing an additional 29,990 shares during the quarter. Trillium Asset Management LLC owned approximately 0.34% of Wolfspeed worth $18,338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of WOLF. Commonwealth Equity Services LLC increased its stake in Wolfspeed by 27.0% during the third quarter. Commonwealth Equity Services LLC now owns 39,392 shares of the company's stock worth $1,501,000 after purchasing an additional 8,374 shares during the period. Raymond James & Associates increased its stake in shares of Wolfspeed by 1.6% during the third quarter. Raymond James & Associates now owns 181,867 shares of the company's stock worth $6,929,000 after buying an additional 2,943 shares during the period. Perigon Wealth Management LLC increased its stake in shares of Wolfspeed by 34.2% during the third quarter. Perigon Wealth Management LLC now owns 6,194 shares of the company's stock worth $236,000 after buying an additional 1,579 shares during the period. Banque Pictet & Cie SA purchased a new stake in shares of Wolfspeed during the third quarter worth approximately $494,000. Finally, Capital Investment Advisory Services LLC increased its stake in shares of Wolfspeed by 119.5% during the third quarter. Capital Investment Advisory Services LLC now owns 8,165 shares of the company's stock worth $311,000 after buying an additional 4,445 shares during the period.

Wolfspeed Stock Performance

Shares of WOLF stock traded up $0.35 during trading hours on Friday, hitting $25.53. The stock had a trading volume of 2,027,392 shares, compared to its average volume of 5,418,657. The firm has a market capitalization of $3.21 billion, a PE ratio of -3.95 and a beta of 1.64. Wolfspeed, Inc. has a twelve month low of $20.63 and a twelve month high of $70.42. The stock's 50 day moving average is $26.18 and its 200 day moving average is $31.56. The company has a debt-to-equity ratio of 5.55, a current ratio of 4.58 and a quick ratio of 4.00.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WOLF. Susquehanna cut their target price on shares of Wolfspeed from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, May 2nd. Mizuho cut their target price on shares of Wolfspeed from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Thursday, May 2nd. TD Cowen downgraded Wolfspeed from a "buy" rating to a "hold" rating and lowered their price target for the company from $40.00 to $25.00 in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on Wolfspeed from $30.00 to $25.00 and set a "hold" rating for the company in a report on Tuesday, May 7th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $30.00 price target (down from $55.00) on shares of Wolfspeed in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $36.93.

Wolfspeed Profile

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.