Wolfspeed (NYSE:WOLF) Upgraded by Wall Street Zen to "Sell" Rating

Key Points

• Wall Street Zen upgraded Wolfspeed from “strong sell” to “sell,” but the outlook remains negative. The broader analyst consensus is “Hold,” with a $25 price target.
• Wolfspeed reported quarterly revenue of $149.6 million, down 24.1% year over year, while its adjusted loss of $2.26 per share was slightly better than estimates.
• Shares opened at $25.91 and remain far below their 52-week high of $80.82, reflecting ongoing concerns about weak profitability and the company’s recovery timeline despite potential AI data-center demand.

Wolfspeed (NYSE:WOLF - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued on Saturday.

Several other analysts have also commented on the stock. Susquehanna cut their target price on shares of Wolfspeed from $40.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, July 21st. TD Cowen restated a "hold" rating and set a $25.00 target price on shares of Wolfspeed in a report on Thursday. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Wolfspeed in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Wolfspeed has a consensus rating of "Hold" and a consensus price target of $25.00.

Wolfspeed Trading Down 1.7%

Shares of Wolfspeed stock opened at $25.91 on Friday. Wolfspeed has a 52 week low of $8.05 and a 52 week high of $80.82. The stock has a market cap of $1.35 billion and a PE ratio of -1.64. The company's 50-day moving average price is $35.11 and its two-hundred day moving average price is $32.72.

Wolfspeed (NYSE:WOLF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The company reported ($2.26) earnings per share for the quarter, beating the consensus estimate of ($2.45) by $0.19. The business had revenue of $149.60 million for the quarter, compared to the consensus estimate of $150.00 million. The business's revenue for the quarter was down 24.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.77) EPS.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WOLF. Goldman Sachs Group Inc. boosted its position in Wolfspeed by 176.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,380,499 shares of the company's stock worth $4,224,000 after acquiring an additional 881,603 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Wolfspeed by 94.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,868,741 shares of the company's stock valued at $5,718,000 after acquiring an additional 906,968 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Wolfspeed in the 2nd quarter valued at about $47,000. Ilex Capital Partners UK LLP increased its holdings in shares of Wolfspeed by 499.1% in the 2nd quarter. Ilex Capital Partners UK LLP now owns 665,697 shares of the company's stock valued at $265,000 after purchasing an additional 554,587 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Wolfspeed in the second quarter worth approximately $34,000.

Wolfspeed News Summary

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: Wolfspeed reported fiscal fourth-quarter revenue of approximately $149.6 million, broadly in line with expectations, while its adjusted loss per share was less negative than the consensus estimate cited in the company’s earnings report. The company also highlighted increasing sales opportunities tied to AI data centers and silicon-carbide power devices. Wolfspeed fiscal 2026 fourth-quarter results
• Positive Sentiment: Management forecast first-quarter fiscal 2027 revenue of $140 million to $160 million and pointed to continued potential from AI data-center infrastructure and higher-voltage power systems. Wolfspeed fiscal 2027 revenue outlook
• Neutral Sentiment: TD Cowen reaffirmed a “Hold” rating and assigned a $25 price target, signaling limited near-term upside at recent trading levels. TD Cowen Wolfspeed rating
• Negative Sentiment: The company’s adjusted quarterly loss was described by market coverage as materially wider than expected, while revenue declined about 24% year over year. Wolfspeed also continues to report negative gross margins, increasing concerns about its cash needs and recovery timeline. Wolfspeed quarterly loss and revenue coverage
• Negative Sentiment: Analysts said optimism surrounding 800-volt direct-current data-center applications is largely reflected in the valuation, while profitability may still be years away. Wolfspeed 800-volt outlook
• Negative Sentiment: Put-option activity surged to 82,482 contracts, roughly 138% above average daily volume, indicating elevated bearish hedging or speculation around Wolfspeed’s outlook.

About Wolfspeed

Wolfspeed, Inc NYSE: WOLF is a leading developer and manufacturer of silicon carbide (SiC) and gallium nitride (GaN) semiconductor materials and devices. The company's product portfolio addresses high-growth markets such as electric vehicles, renewable energy, fast-charging infrastructure, aerospace and defense, and telecommunications. By leveraging proprietary materials and device designs, Wolfspeed delivers solutions that offer improved energy efficiency, higher power density and greater thermal performance compared to conventional silicon-based semiconductors.

Founded as part of Cree, Inc and spun off to form an independent public company in October 2021, Wolfspeed traces its roots to the mid-1980s when it pioneered the commercial use of wide-bandgap semiconductor technology.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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