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NYSE:WOLF

Wolfspeed (WOLF) Stock Price, News & Analysis

$27.77
+0.99 (+3.70%)
(As of 05/22/2024 ET)
Today's Range
$26.70
$28.24
50-Day Range
$22.18
$29.89
52-Week Range
$20.63
$70.42
Volume
3.15 million shs
Average Volume
4.40 million shs
Market Capitalization
$3.50 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$36.29

Wolfspeed MarketRank™ Stock Analysis

Analyst Rating
Hold
2.21 Rating Score
Upside/​Downside
30.7% Upside
$36.29 Price Target
Short Interest
Bearish
19.52% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.72mentions of Wolfspeed in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($3.13) to ($3.11) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.99 out of 5 stars

Computer And Technology Sector

418th out of 589 stocks

Semiconductors & Related Devices Industry

63rd out of 86 stocks

WOLF stock logo

About Wolfspeed Stock (NYSE:WOLF)

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. The company also provides power devices, such as silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), and power modules for customers and distributors to use in applications, including electric vehicles comprising charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, it offers RF devices comprising GaN-based die, high-electron mobility transistors, monolithic microwave integrated circuits, and laterally diffused MOSFET power transistors for telecommunications infrastructure, military, and other commercial applications. The company was formerly known as Cree, Inc. and changed its name to Wolfspeed, Inc. in October 2021. Wolfspeed, Inc. was incorporated in 1987 and is headquartered in Durham, North Carolina.

WOLF Stock Price History

WOLF Stock News Headlines

Smart Money Is Betting Big In WOLF Options
Wolfspeed, Inc. (NYSE:WOLF) Short Interest Up 18.8% in April
Wells Fargo Reaffirms Their Hold Rating on Wolfspeed (WOLF)
Wolfspeed: Not So Bad
Why Wolfspeed Sank Today
Why Wolfspeed Sank Today
Wolfspeed: Anything But Speed Of Progress
Wolfspeed stock slips as guidance disappoints
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Today
5/23/2024
Fiscal Year End
6/30/2024
Next Earnings (Estimated)
8/21/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
4,802
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$36.29
High Stock Price Target
$57.00
Low Stock Price Target
$23.00
Potential Upside/Downside
+30.7%
Consensus Rating
Hold
Rating Score (0-4)
2.21
Research Coverage
14 Analysts

Profitability

Net Income
$-329,900,000.00
Pretax Margin
-66.22%

Debt

Sales & Book Value

Annual Sales
$921.90 million
Book Value
$8.13 per share

Miscellaneous

Free Float
124,785,000
Market Cap
$3.50 billion
Optionable
Optionable
Beta
1.64
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Key Executives


WOLF Stock Analysis - Frequently Asked Questions

Should I buy or sell Wolfspeed stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wolfspeed in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WOLF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WOLF, but not buy additional shares or sell existing shares.
View WOLF analyst ratings
or view top-rated stocks.

What is Wolfspeed's stock price target for 2024?

14 brokerages have issued 1 year price objectives for Wolfspeed's stock. Their WOLF share price targets range from $23.00 to $57.00. On average, they predict the company's share price to reach $36.29 in the next year. This suggests a possible upside of 30.7% from the stock's current price.
View analysts price targets for WOLF
or view top-rated stocks among Wall Street analysts.

How have WOLF shares performed in 2024?

Wolfspeed's stock was trading at $43.51 at the start of the year. Since then, WOLF stock has decreased by 36.2% and is now trading at $27.77.
View the best growth stocks for 2024 here
.

Are investors shorting Wolfspeed?

Wolfspeed saw a increase in short interest in April. As of April 30th, there was short interest totaling 24,060,000 shares, an increase of 18.8% from the April 15th total of 20,250,000 shares. Based on an average daily trading volume, of 4,680,000 shares, the days-to-cover ratio is presently 5.1 days. Approximately 19.5% of the company's shares are short sold.
View Wolfspeed's Short Interest
.

When is Wolfspeed's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 21st 2024.
View our WOLF earnings forecast
.

How were Wolfspeed's earnings last quarter?

Wolfspeed, Inc. (NYSE:WOLF) released its quarterly earnings data on Wednesday, May, 1st. The company reported ($0.79) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.82) by $0.03. The firm earned $200.70 million during the quarter, compared to the consensus estimate of $201.49 million. Wolfspeed had a negative net margin of 96.12% and a negative trailing twelve-month return on equity of 27.37%.

What guidance has Wolfspeed issued on next quarter's earnings?

Wolfspeed issued an update on its fourth quarter 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of -0.860--0.720 for the period, compared to the consensus estimate of -0.610. The company issued revenue guidance of $185.0 million-$215.0 million, compared to the consensus revenue estimate of $225.8 million.

Who are Wolfspeed's major shareholders?

Wolfspeed's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.39%), Capital International Investors (10.19%), Capital Research Global Investors (9.85%), Clearbridge Investments LLC (3.81%), Shaolin Capital Management LLC (0.00%) and Capital World Investors (2.52%). Insiders that own company stock include Darren R Jackson, Duy Loan T Le, Glenda Dorchak, Gregg A Lowe, John B Replogle and Neill Reynolds.
View institutional ownership trends
.

How do I buy shares of Wolfspeed?

Shares of WOLF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:WOLF) was last updated on 5/23/2024 by MarketBeat.com Staff

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