NYSE:WOLF Wolfspeed - WOLF Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Wolfspeed, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $83.91 +6.90 (+8.96%) (As of 02/1/2023 12:00 AM ET) Add Compare Share Share Today's Range$77.17▼$85.3950-Day Range$67.22▼$91.9452-Week Range$58.07▼$125.48Volume3.50 million shsAverage Volume2.70 million shsMarket Capitalization$10.42 billionP/E RatioN/ADividend YieldN/APrice Target$100.94 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Wolfspeed MarketRank™ ForecastAnalyst RatingModerate Buy2.61 Rating ScoreUpside/Downside20.3% Upside$100.94 Price TargetShort InterestBearish12.13% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.04Based on 21 Articles This WeekInsider TradingAcquiring Shares$182,080 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.94) to $0.33 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.79 out of 5 starsComputer And Technology Sector310th out of 630 stocksSemiconductors & Related Devices Industry47th out of 90 stocks 3.3 Analyst's Opinion Consensus RatingWolfspeed has received a consensus rating of Buy. The company's average rating score is 2.61, and is based on 12 buy ratings, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $100.94, Wolfspeed has a forecasted upside of 20.3% from its current price of $83.91.Amount of Analyst CoverageWolfspeed has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted12.13% of the float of Wolfspeed has been sold short.Short Interest Ratio / Days to CoverWolfspeed has a short interest ratio ("days to cover") of 5.1.Change versus previous monthShort interest in Wolfspeed has recently increased by 1.08%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldWolfspeed does not currently pay a dividend.Dividend GrowthWolfspeed does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for WOLF. Previous Next 2.2 News and Social Media Coverage News SentimentWolfspeed has a news sentiment score of 0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 21 news articles for Wolfspeed this week, compared to 6 articles on an average week.Search Interest27 people have searched for WOLF on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Wolfspeed to their MarketBeat watchlist in the last 30 days. This is a decrease of -78% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Wolfspeed insiders have bought more of their company's stock than they have sold. Specifically, they have bought $182,080.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.62% of the stock of Wolfspeed is held by insiders. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Wolfspeed are expected to grow in the coming year, from ($0.94) to $0.33 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Wolfspeed is -64.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Wolfspeed is -64.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioWolfspeed has a P/B Ratio of 4.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Wolfspeed (NYSE:WOLF) StockWolfspeed, Inc. is an innovator of Wolfspeed power and radio frequency (RF) semiconductors. Its Wolfspeed product families include silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging inverters, power supplies, telecom and military and aerospace. The company was founded by Calvin H. Carter Jr., John W. Palmour, F. Neal Hunter, Eric Hunter, and John Edmond in 1987 and is headquartered in Durham, NC.Read More Receive WOLF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Wolfspeed and its competitors with MarketBeat's FREE daily newsletter. Email Address WOLF Stock News HeadlinesJanuary 27, 2023 | marketbeat.comEVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up (WOLF)Chipmaker STMicroelectronics gapped up 7.75% after significantly topping Q4 earnings views, largely on the strength of silicon carbide chips used in EVs.February 1, 2023 | finance.yahoo.comWolfspeed Announces Plan to Construct World’s Largest, Most Advanced Silicon Carbide Device Manufacturing Facility in Saarland, GermanyFebruary 2, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! February 1, 2023 | finance.yahoo.comWolfspeed and ZF Announce Partnership for Future Silicon Carbide Semiconductor DevicesJanuary 30, 2023 | americanbankingnews.comCitigroup Lowers Wolfspeed (NYSE:WOLF) Price Target to $95.00January 29, 2023 | americanbankingnews.comWolfspeed (NYSE:WOLF) PT Lowered to $115.00 at OppenheimerJanuary 29, 2023 | americanbankingnews.comBMO Capital Markets Cuts Wolfspeed (NYSE:WOLF) Price Target to $80.00January 29, 2023 | seekingalpha.comThe Battle Between Bulls And Bears Over Wolfspeed Is Well Worth WatchingFebruary 2, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 28, 2023 | americanbankingnews.comWolfspeed (NYSE:WOLF) PT Lowered to $95.00 at CitigroupJanuary 28, 2023 | americanbankingnews.comWolfspeed (NYSE:WOLF) Shares Gap Down After Analyst DowngradeJanuary 27, 2023 | americanbankingnews.comWolfspeed (NYSE:WOLF) Price Target Lowered to $88.00 at SusquehannaJanuary 27, 2023 | americanbankingnews.comWolfspeed (NYSE:WOLF) Price Target Lowered to $80.00 at Morgan StanleyJanuary 27, 2023 | americanbankingnews.comJPMorgan Chase & Co. Lowers Wolfspeed (NYSE:WOLF) Price Target to $100.00January 25, 2023 | finance.yahoo.comWolfspeed Appoints Stacy Smith to Board of DirectorsJanuary 25, 2023 | finance.yahoo.comWolfspeed Reports Financial Results for the Second Quarter of Fiscal Year 2023January 18, 2023 | finance.yahoo.comWolfspeed, Inc. to Report Second Quarter Fiscal 2023 Earnings on January 25, 2023January 16, 2023 | finance.yahoo.comWall Street Analysts Predict a 31.08% Upside in Wolfspeed (WOLF): Here's What You Should KnowJanuary 10, 2023 | finance.yahoo.comWolfspeed Appoints Elif Balkas as New Chief Technology OfficerDecember 15, 2022 | finance.yahoo.comWolfspeed Expands and Extends Silicon Carbide Wafer Supply Agreement with a Leading Global Semiconductor CompanyDecember 7, 2022 | finance.yahoo.comWolfspeed To Participate in Upcoming Investor ConferenceDecember 5, 2022 | bizjournals.comWolfspeed nears site decision for another new semiconductor factoryDecember 2, 2022 | finance.yahoo.comJohn Palmour Changed Recipe for Making MicrochipsNovember 17, 2022 | finance.yahoo.comWolfspeed Announces Pricing of Upsized $1,525 Million Convertible Senior Notes OfferingNovember 9, 2022 | finance.yahoo.comAMP’s Innovative Electric Vehicle Charging Solutions Utilize Wolfspeed’s E-Series Silicon Carbide DevicesNovember 4, 2022 | benzinga.comWolfspeed Insider Trades Send a SignalNovember 2, 2022 | finance.yahoo.comThis Chip Sector Is a Diamond in the RoughSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive WOLF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Wolfspeed and its competitors with MarketBeat's FREE daily newsletter. Email Address WOLF Company Calendar Last Earnings10/27/2021Today2/02/2023Next Earnings (Estimated)5/03/2023Fiscal Year End6/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Semiconductors & related devices Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:WOLF CUSIPN/A CIK895419 Webwww.cree.com Phone(919) 313-5300Fax919-313-5558Employees4,017Year FoundedN/APrice Target and Rating Average Stock Price Forecast$100.94 High Stock Price Forecast$140.00 Low Stock Price Forecast$75.00 Forecasted Upside/Downside+20.3%Consensus RatingModerate Buy Rating Score (0-4)2.61 Research Coverage18 Analysts Profitability EPS (Most Recent Fiscal Year)($1.31) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-200,900,000.00 Net Margins-18.90% Pretax Margin-29.16% Return on Equity-4.40% Return on Assets-2.78% Debt Debt-to-Equity Ratio0.62 Current Ratio4.61 Quick Ratio3.97 Sales & Book Value Annual Sales$746.20 million Price / Sales13.97 Cash Flow$0.41 per share Price / Cash Flow204.62 Book Value$19.73 per share Price / Book4.25Miscellaneous Outstanding Shares124,213,000Free Float123,443,000Market Cap$10.42 billion OptionableOptionable Beta1.46 Key ExecutivesGregg A. LowePresident, Chief Executive Officer & DirectorRex FeltonSenior Vice President-Global OperationsNeill P. ReynoldsChief Financial Officer & Executive Vice PresidentDavid CostarChief Information OfficerElif BalkasChief Technology OfficerKey CompetitorsLattice SemiconductorNASDAQ:LSCCQorvoNASDAQ:QRVOAllegro MicroSystemsNASDAQ:ALGMAmkor TechnologyNASDAQ:AMKRSilicon LaboratoriesNASDAQ:SLABView All CompetitorsInsiders & InstitutionsBank of Montreal CanBought 353,387 shares on 2/1/2023Ownership: 0.501%Wolverine Asset Management LLCBought 16,900 shares on 2/1/2023Ownership: 0.000%DekaBank Deutsche GirozentraleBought 120,839 shares on 2/1/2023Ownership: 0.097%Janney Montgomery Scott LLCBought 1,343 shares on 2/1/2023Ownership: 0.037%CWM LLCBought 459 shares on 2/1/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions WOLF Stock - Frequently Asked Questions Should I buy or sell Wolfspeed stock right now? 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wolfspeed in the last year. There are currently 1 sell rating, 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WOLF shares. View WOLF analyst ratings or view top-rated stocks. What is Wolfspeed's stock price forecast for 2023? 18 brokerages have issued 1 year price objectives for Wolfspeed's stock. Their WOLF share price forecasts range from $75.00 to $140.00. On average, they expect the company's share price to reach $100.94 in the next twelve months. This suggests a possible upside of 20.3% 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 2023? Wolfspeed's stock was trading at $69.04 at the start of the year. Since then, WOLF stock has increased by 21.5% and is now trading at $83.91. View the best growth stocks for 2023 here. When is Wolfspeed's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. View our WOLF earnings forecast. How were Wolfspeed's earnings last quarter? Wolfspeed, Inc. (NYSE:WOLF) posted its earnings results on Wednesday, October, 27th. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.03. The firm had revenue of $156.60 million for the quarter, compared to analysts' expectations of $149.59 million. Wolfspeed had a negative trailing twelve-month return on equity of 4.40% and a negative net margin of 18.90%. Wolfspeed's quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.34) earnings per share. What guidance has Wolfspeed issued on next quarter's earnings? Wolfspeed updated its third quarter 2023 earnings guidance on Wednesday, January, 25th. The company provided earnings per share guidance of -$0.16--$0.12 for the period, compared to the consensus EPS estimate of -$0.06. The company issued revenue guidance of $210.00 million-$230.00 million, compared to the consensus revenue estimate of $252.03 million. What is Wolfspeed's stock symbol? Wolfspeed trades on the New York Stock Exchange (NYSE) under the ticker symbol "WOLF." Who are Wolfspeed's major shareholders? Wolfspeed's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.50%), Allspring Global Investments Holdings LLC (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), New York State Common Retirement Fund (0.24%), Iridian Asset Management LLC CT (0.22%) and Oak Harbor Wealth Partners LLC (0.17%). Insiders that own company stock include Duy Loan T Le, Glenda Dorchak, Gregg A Lowe and John B Replogle. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Wolfspeed's stock price today? One share of WOLF stock can currently be purchased for approximately $83.91. How much money does Wolfspeed make? Wolfspeed (NYSE:WOLF) has a market capitalization of $10.42 billion and generates $746.20 million in revenue each year. The company earns $-200,900,000.00 in net income (profit) each year or ($1.31) on an earnings per share basis. How many employees does Wolfspeed have? The company employs 4,017 workers across the globe. How can I contact Wolfspeed? Wolfspeed's mailing address is 4600 Silicon Dr, Durham, North Carolina 27703-8475. The official website for the company is www.cree.com. The company can be reached via phone at (919) 313-5300, via email at investorrelations@cree.com, or via fax at 919-313-5558. This page (NYSE:WOLF) was last updated on 2/2/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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