Stifel Financial Corp Has $917,000 Stock Position in Wolfspeed, Inc. (NYSE:WOLF)

Stifel Financial Corp boosted its holdings in Wolfspeed, Inc. (NYSE:WOLF - Free Report) by 413.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 137,690 shares of the company's stock after buying an additional 110,848 shares during the quarter. Stifel Financial Corp owned approximately 0.11% of Wolfspeed worth $917,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WOLF. Jones Financial Companies Lllp grew its position in shares of Wolfspeed by 1,240.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,834 shares of the company's stock valued at $26,000 after buying an additional 3,548 shares during the last quarter. R Squared Ltd purchased a new position in Wolfspeed during the 4th quarter worth $28,000. Steward Partners Investment Advisory LLC grew its position in Wolfspeed by 192.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,429 shares of the company's stock worth $29,000 after purchasing an additional 2,912 shares during the last quarter. KBC Group NV grew its position in Wolfspeed by 76.5% during the 4th quarter. KBC Group NV now owns 6,064 shares of the company's stock worth $40,000 after purchasing an additional 2,629 shares during the last quarter. Finally, Allworth Financial LP grew its position in Wolfspeed by 38.1% during the 4th quarter. Allworth Financial LP now owns 7,060 shares of the company's stock worth $44,000 after purchasing an additional 1,949 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Susquehanna lowered their price objective on shares of Wolfspeed from $11.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 22nd. Bank of America reduced their target price on shares of Wolfspeed from $9.50 to $6.00 and set an "underperform" rating for the company in a research note on Thursday, January 30th. Canaccord Genuity Group reduced their target price on shares of Wolfspeed from $18.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. The Goldman Sachs Group reduced their target price on shares of Wolfspeed from $15.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of Wolfspeed in a research note on Friday. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $11.15.

Wolfspeed Stock Up 0.8%

Shares of WOLF stock traded up $0.03 on Monday, hitting $3.31. The stock had a trading volume of 29,352,805 shares, compared to its average volume of 14,698,286. The firm has a market capitalization of $422.09 million, a price-to-earnings ratio of -0.43 and a beta of 1.62. The stock's 50 day moving average is $3.83 and its 200-day moving average is $6.32. The company has a debt-to-equity ratio of 17.26, a quick ratio of 2.47 and a current ratio of 3.15. Wolfspeed, Inc. has a 52-week low of $2.06 and a 52-week high of $30.86.

Insider Transactions at Wolfspeed

In related news, CFO Neill Reynolds sold 13,909 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $3.99, for a total value of $55,496.91. Following the sale, the chief financial officer now owns 195,257 shares of the company's stock, valued at $779,075.43. This trade represents a 6.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.84% of the company's stock.

Wolfspeed Company 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.