Wolfspeed (WOLF) Projected to Post Earnings on Wednesday

Key Points

• Wolfspeed will report quarterly results after the market close on Wednesday, Feb. 4, with analysts forecasting an EPS loss of ($0.735) and revenue of $170.0 million.
• Shares recently traded at $17.02 with a market cap of $440.6 million, a negative P/E (-27.01) and a 12-month trading range of $8.05–$36.60, underscoring recent volatility.
• The analyst consensus is cautious — Wolfspeed carries an average rating of "Reduce" and an average target price of $9.25, following several downgrades and lowered price targets.

Wolfspeed (NYSE:WOLF - Get Free Report) will likely be announcing its results after the market closes on Wednesday, February 4th. Analysts expect the company to announce earnings of ($0.7350) per share and revenue of $170.00 million for the quarter.

Wolfspeed Price Performance

Shares of WOLF stock traded up $0.40 on Tuesday, hitting $17.02. 1,509,926 shares of the company's stock were exchanged, compared to its average volume of 1,357,875. The company has a 50 day moving average of $19.15 and a 200 day moving average of $14.57. The stock has a market cap of $440.63 million and a P/E ratio of -27.01. Wolfspeed has a 12 month low of $8.05 and a 12 month high of $36.60.

Institutional Investors Weigh In On Wolfspeed

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Polymer Capital Management HK LTD bought a new position in Wolfspeed in the 3rd quarter valued at about $582,000. Mariner Investment Group LLC purchased a new stake in Wolfspeed in the 3rd quarter valued at $715,000. Schonfeld Strategic Advisors LLC purchased a new stake in Wolfspeed in the 3rd quarter valued at $735,000. Quinn Opportunity Partners LLC lifted its stake in Wolfspeed by 248.6% during the 3rd quarter. Quinn Opportunity Partners LLC now owns 69,714 shares of the company's stock valued at $1,994,000 after acquiring an additional 49,714 shares in the last quarter. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of Wolfspeed in the 3rd quarter worth $1,845,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Wolfspeed in a research note on Monday, December 29th. Susquehanna decreased their price target on Wolfspeed from $30.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded Wolfspeed from a "hold" rating to a "sell" rating in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Wolfspeed currently has an average rating of "Reduce" and an average target price of $9.25.

Wolfspeed Company Profile

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.

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