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CGC   0.83 (+7.68%)
GE   112.54 (-0.40%)
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AMC   8.00 (+3.90%)
PFE   32.67 (-0.55%)
PYPL   58.81 (+0.32%)
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NYSE:WOLF

Wolfspeed (WOLF) Stock Forecast, Price & News

$37.23
+1.30 (+3.62%)
(As of 12:58 PM ET)
Compare
Today's Range
$36.25
▼
$37.45
50-Day Range
$35.92
▼
$67.94
52-Week Range
$35.92
▼
$119.65
Volume
1.45 million shs
Average Volume
2.77 million shs
Market Capitalization
$4.66 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$70.89
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Wolfspeed MarketRank™ Forecast

Analyst Rating
Hold
2.41 Rating Score
Upside/​Downside
89.0% Upside
$69.21 Price Target
Short Interest
Bearish
14.08% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.57mentions of Wolfspeed in the last 14 days
Based on 17 Articles This Week
Insider Trading
Acquiring Shares
$235,050 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($3.18) to ($1.55) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Computer And Technology Sector

371st out of 586 stocks

Semiconductors & Related Devices Industry

62nd out of 85 stocks

See Top Rated MarketRank™ Stocks Here

WOLF stock logo

About Wolfspeed (NYSE:WOLF) Stock

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 Price History

WOLF Stock News Headlines

September 22, 2023 | americanbankingnews.com
Wolfspeed Sees Unusually High Options Volume (NYSE:WOLF)
September 22, 2023 | bizjournals.com
2023 Corporate Leadership Awards: Margaret Chadwick with Wolfspeed
September 22, 2023 | Behind the Markets (Ad)
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
September 21, 2023 | seekingalpha.com
Why did Wolfspeed stock go down today? Heavy volume.
September 20, 2023 | americanbankingnews.com
Brokerages Set Wolfspeed, Inc. (NYSE:WOLF) Price Target at $70.89
September 20, 2023 | americanbankingnews.com
Wolfspeed, Inc. (NYSE:WOLF) Given Consensus Recommendation of "Hold" by Brokerages
September 19, 2023 | americanbankingnews.com
Wolfspeed (NYSE:WOLF) Price Target Cut to $42.00
September 19, 2023 | americanbankingnews.com
Wolfspeed (NYSE:WOLF) Shares Gap Down After Analyst Downgrade
September 22, 2023 | Stansberry Research (Ad)
Are "The Magnificent Seven" the Next Sears?
The former retail giant’s sales once accounted for 1% of the U.S. economy. Now it’s nearly extinct. Will the same happen to big tech? Learn more here.
September 18, 2023 | finance.yahoo.com
Is Wolfspeed (WOLF) Too Good to Be True? A Comprehensive Analysis of a Potential Value Trap
September 18, 2023 | finance.yahoo.com
Wolfspeed Inc (WOLF): A Deep Dive into Its Financial Health and Future Prospects
September 18, 2023 | markets.businessinsider.com
11 Analysts Have This to Say About Wolfspeed
September 13, 2023 | msn.com
7 Sleeper Stocks Primed to Pack a Surprising Punch
September 8, 2023 | msn.com
Why Wolfspeed Stock Plunged 27.4% in August
September 3, 2023 | finance.yahoo.com
Here’s Why Carillon Tower Sold its Wolfspeed (WOLF) Stake
August 28, 2023 | msn.com
Macom gets upgrade at Benchmark on RF business acquisition from Wolfspeed
August 24, 2023 | msn.com
Why Wolfspeed Stock Was a Winner This Week
August 24, 2023 | finance.yahoo.com
Bearish: Analysts Just Cut Their Wolfspeed, Inc. (NYSE:WOLF) Revenue and EPS estimates
August 24, 2023 | msn.com
Wolfspeed Stock Tanks Again -- It Might Be Time to Move On If You Bought the SiC Hype
August 23, 2023 | msn.com
MACOM Technology Solutions: New Highs After An Interesting Wolfspeed Deal
August 23, 2023 | msn.com
MACOM Technology may see earnings benefit from Wolfspeed's RF biz: BofA
August 23, 2023 | bizjournals.com
Wolfspeed to sell business unit to Macom in $125M deal as it prioritizes silicon carbide
August 22, 2023 | msn.com
Wolfspeed To Sell Radio Frequency Business To MACOM For $125M In Cash And Stock
August 22, 2023 | marketwatch.com
Wolfspeed to Sell Radio-Frequency Business to MACOM For $125 Million
August 22, 2023 | msn.com
MACOM will acquire Wolfspeed's RF Business
August 22, 2023 | finance.yahoo.com
Wolfspeed to Sell RF Business to MACOM for $125 Million
August 22, 2023 | finance.yahoo.com
MACOM Announces Definitive Agreement to Acquire the RF Business of Wolfspeed, Inc.
See More Headlines
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WOLF Company Calendar

Last Earnings
8/16/2023
Today
9/22/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
6/30/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Semiconductors & related devices
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NYSE:WOLF
CUSIP
N/A
CIK
895419
Web
www.cree.com
Phone
(919) 313-5300
Fax
919-313-5558
Employees
4,802
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$70.89
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+97.4%
Consensus Rating
Hold
Rating Score (0-4)
2.41
Research Coverage
17 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($2.65)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-329,900,000.00
Net Margins
-35.78%
Pretax Margin
-35.63%
Return on Equity
-9.18%
Return on Assets
-3.12%

Debt

Debt-to-Equity Ratio
2.58
Current Ratio
5.74
Quick Ratio
5.22

Sales & Book Value

Annual Sales
$921.90 million
Price / Sales
4.88
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$13.03 per share
Price / Book
2.76

Miscellaneous

Outstanding Shares
125,260,000
Free Float
124,481,000
Market Cap
$4.50 billion
Optionable
Optionable
Beta
1.57
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Key Executives

  • Mr. Gregg A. LoweMr. Gregg A. Lowe (Age 60)
    Pres, CEO & Director
    Comp: $1.99M
  • Mr. Neill P. Reynolds (Age 48)
    Exec. VP & CFO
    Comp: $1.02M
  • Dr. John Edmond
    Co-Founder & Research Fellow
  • Ms. Elif Balkas
    Chief Technology Officer
  • Ms. Priya Almelkar
    Sr. VP of IT & Chief Information Officer
  • Mr. Tyler D. Gronbach (Age 54)
    VP of Investor Relations
  • Mr. Bradley D. Kohn (Age 54)
    Chief Legal Officer, Sec. & Gen. Counsel
  • Melinda Walker
    Director of Corp. Communications
  • Mr. Rick Madormo
    Sr. VP of Global Sales & Marketing
  • Ms. Margaret Chadwick
    Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













WOLF Stock - Frequently Asked Questions

Should I buy or sell Wolfspeed stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wolfspeed in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

17 brokerages have issued twelve-month price targets for Wolfspeed's shares. Their WOLF share price forecasts range from $42.00 to $115.00. On average, they predict the company's share price to reach $70.89 in the next twelve months. This suggests a possible upside of 97.4% 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 beginning of 2023. Since then, WOLF stock has decreased by 48.0% and is now trading at $35.92.
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, October 25th 2023.
View our WOLF earnings forecast.

How were Wolfspeed's earnings last quarter?

Wolfspeed, Inc. (NYSE:WOLF) released its earnings results on Wednesday, August, 16th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by $0.22. The company had revenue of $235.80 million for the quarter, compared to the consensus estimate of $224.53 million. Wolfspeed had a negative trailing twelve-month return on equity of 9.18% and a negative net margin of 35.78%. The company's revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.12) EPS.

What ETFs hold Wolfspeed's stock?

ETFs with the largest weight of Wolfspeed (NYSE:WOLF) stock in their portfolio include Future Fund Long/Short ETF (FFLS), SPDR S&P Semiconductor ETF (XSD), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), Future Fund Active ETF (FFND), Engine No. 1 Transform Climate ETF (NETZ), Invesco WilderHill Clean Energy ETF (PBW), iShares Future Cloud 5G and Tech ETF (IDAT) and BlackRock Future Tech ETF (BTEK).

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

Wolfspeed updated its first quarter 2024 earnings guidance on Wednesday, August, 16th. The company provided earnings per share (EPS) guidance of -$0.75--$0.60 for the period, compared to the consensus estimate of -$0.29. The company issued revenue guidance of $220.00 million-$240.00 million, compared to the consensus revenue estimate of $233.19 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 institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (12.62%), Capital International Investors (10.32%), Clearbridge Investments LLC (4.34%), Capital World Investors (4.34%), William Blair Investment Management LLC (1.85%) and Artisan Partners Limited Partnership (1.70%). 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 $35.92.

How much money does Wolfspeed make?

Wolfspeed (NYSE:WOLF) has a market capitalization of $4.50 billion and generates $921.90 million in revenue each year. The company earns $-329,900,000.00 in net income (profit) each year or ($2.65) on an earnings per share basis.

How many employees does Wolfspeed have?

The company employs 4,802 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 9/22/2023 by MarketBeat.com Staff

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