Wolfspeed's (WOLF) "Hold" Rating Reaffirmed at TD Cowen

Key Points

• TD Cowen reaffirmed its “Hold” rating on Wolfspeed, maintaining a $25 price target, which implied roughly 3.8% downside from the prior close. The broader analyst consensus also remained “Hold.”
• Wolfspeed’s shares fell 10.6% to $25.99, while the company reported a quarterly loss of $2.26 per share—better than expected—but revenue declined 24.1% year over year to $149.6 million.
• Although AI data-center revenue more than doubled year over year, Wolfspeed continues to face negative gross margins, ongoing losses and leadership uncertainty following its CTO’s departure.

Wolfspeed (NYSE:WOLF - Get Free Report)'s stock had its "hold" rating reiterated by equities researchers at TD Cowen in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $25.00 price objective on the stock. TD Cowen's price objective would suggest a potential downside of 3.82% from the company's previous close.

WOLF has been the subject of several other research reports. Wall Street Zen lowered shares of Wolfspeed from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. Weiss Ratings restated a "sell (d-)" rating on shares of Wolfspeed in a research report on Wednesday, June 24th. Finally, Susquehanna decreased their price target on shares of Wolfspeed from $40.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Wolfspeed has a consensus rating of "Hold" and an average price target of $25.00.

Wolfspeed Trading Down 10.6%

NYSE:WOLF traded down $3.10 on Thursday, reaching $25.99. The stock had a trading volume of 2,075,056 shares, compared to its average volume of 4,459,797. The company has a 50-day moving average of $35.83 and a 200 day moving average of $32.70. The stock has a market cap of $1.35 billion and a P/E ratio of -2.50. Wolfspeed has a 12-month low of $8.05 and a 12-month high of $80.82.

Wolfspeed (NYSE:WOLF - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The company reported ($2.26) EPS for the quarter, topping the consensus estimate of ($2.45) by $0.19. The business had revenue of $149.60 million during the quarter, compared to analyst estimates of $150.00 million. The company's revenue was down 24.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.77) EPS.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Canada Pension Plan Investment Board bought a new stake in shares of Wolfspeed during the 2nd quarter worth about $34,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Wolfspeed during the second quarter valued at approximately $34,000. Summit Securities Group LLC lifted its position in Wolfspeed by 71.0% in the fourth quarter. Summit Securities Group LLC now owns 2,204 shares of the company's stock worth $38,000 after purchasing an additional 915 shares during the period. Marex Group plc bought a new position in Wolfspeed during the 2nd quarter valued at $44,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Wolfspeed during the 2nd quarter valued at $47,000.

Key Stories Impacting Wolfspeed

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: Wolfspeed reported fiscal fourth-quarter EPS of -$2.26, better than the consensus estimate of -$2.45. The company also highlighted that AI data-center revenue more than doubled year over year in fiscal 2026 and rose about 20% sequentially in the fourth quarter. Wolfspeed Reports Financial Results for the Fourth Quarter of Fiscal 2026
• Positive Sentiment: The company launched a fifth-generation silicon-carbide MOSFET, supporting its longer-term technology roadmap and efforts to expand in power semiconductors, electric vehicles and data-center applications. Wolfspeed fiscal 2026 fourth-quarter results presentation
• Neutral Sentiment: Management guided to fiscal first-quarter 2027 revenue of $140 million to $160 million, broadly matching the $150.4 million consensus estimate. The range suggests limited near-term upside, but the forecast reflects the company’s ongoing transition and demand uncertainty. Wolfspeed fiscal first-quarter 2027 outlook
• Negative Sentiment: Quarterly revenue was $149.6 million, essentially in line with expectations but down 24.1% year over year. The net loss also widened substantially from the prior-year quarter’s $0.77-per-share loss, underscoring continued financial pressure.
• Negative Sentiment: Wolfspeed continues to operate with negative gross margins, reducing confidence that revenue growth will quickly translate into profitability. The earnings release and conference call therefore failed to provide a strong catalyst despite the EPS beat. Wolfspeed falls after fiscal first-quarter outlook
• Negative Sentiment: The departure of longtime Chief Technology Officer Elif Balkas adds leadership uncertainty as Wolfspeed works to execute its silicon-carbide strategy. Top Wolfspeed executive leaves company

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.

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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