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Wolfspeed Stock Price, News & Analysis (NYSE:WOLF)

$39.47
+1.22 (+3.19%)
(As of 03:33 PM ET)
Compare
Today's Range
$38.06
$39.98
50-Day Range
$27.70
$40.45
52-Week Range
$27.35
$87.93
Volume
2.32 million shs
Average Volume
3.01 million shs
Market Capitalization
$4.95 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$54.00

Wolfspeed MarketRank™ Stock Analysis

Analyst Rating
Hold
2.31 Rating Score
Upside/​Downside
37.3% Upside
$54.00 Price Target
Short Interest
Bearish
14.63% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.77mentions of Wolfspeed in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($3.07) to ($1.96) Per Share

Overall MarketRank

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

2.04 out of 5 stars

Computer And Technology Sector

339th out of 590 stocks

Semiconductors & Related Devices Industry

49th out of 76 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

Wolfspeed: An Interesting Battleground Stock
Recent Reports Are A Wake-Up Call For Investors
As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.
Wolfspeed Completes Sale of RF Business to MACOM
Wolfspeed (WOLF) Laps the Stock Market: Here's Why
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
What the Options Market Tells Us About Wolfspeed
Wolfspeed: Major Headwinds Ahead
Wolfspeed: Speeding Ahead Now
Wolfspeed Shows Some Progress
Why Wolfspeed Shares Are Racing Higher Tuesday
Wolfspeed stock soars on record fiscal Q1 revenue, growth
See More Headlines
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Company Calendar

Last Earnings
10/30/2023
Today
12/07/2023
Next Earnings (Estimated)
1/24/2024
Fiscal Year End
6/30/2024

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
$54.00
High Stock Price Target
$115.00
Low Stock Price Target
$34.00
Potential Upside/Downside
+41.1%
Consensus Rating
Hold
Rating Score (0-4)
2.31
Research Coverage
16 Analysts

Profitability

Net Income
$-329,900,000.00
Pretax Margin
-49.88%

Debt

Sales & Book Value

Annual Sales
$929.90 million
Book Value
$13.03 per share

Miscellaneous

Free Float
124,260,000
Market Cap
$4.79 billion
Optionable
Optionable
Beta
1.65
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Key Executives

  • Mr. Gregg A. LoweMr. Gregg A. Lowe (Age 60)
    President, CEO & Director
    Comp: $1.19M
  • Mr. Neill P. Reynolds (Age 48)
    Executive VP & CFO
    Comp: $760.67k
  • Dr. John Edmond
    Co-Founder & Research Fellow
  • Ms. Elif Balkas
    Chief Technology Officer
  • Ms. Priya Almelkar
    Senior VP of IT & Chief Information Officer
  • Mr. Tyler D. Gronbach (Age 54)
    Vice President of Investor Relations
  • Mr. Bradley D. Kohn (Age 54)
    Chief Legal Officer, Secretary & General Counsel
  • Melinda Walker
    Director of Corporate Communications
  • Mr. Rick Madormo
    Senior Vice President of Global Sales & Marketing
  • Ms. Margaret Chadwick
    Chief Human Resources Officer














WOLF Stock Analysis - Frequently Asked Questions

Should I buy or sell Wolfspeed stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wolfspeed in the last year. There are currently 1 sell rating, 9 hold ratings and 6 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?

16 brokers have issued 12 month price objectives for Wolfspeed's stock. Their WOLF share price targets range from $34.00 to $115.00. On average, they anticipate the company's share price to reach $54.00 in the next twelve months. This suggests a possible upside of 37.3% 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 beginning of the year. Since then, WOLF stock has decreased by 43.0% and is now trading at $39.34.
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, January 24th 2024.
View our WOLF earnings forecast
.

How were Wolfspeed's earnings last quarter?

Wolfspeed, Inc. (NYSE:WOLF) announced its quarterly earnings data on Monday, October, 30th. The company reported ($0.69) EPS for the quarter, topping analysts' consensus estimates of ($0.87) by $0.18. Wolfspeed had a negative net margin of 80.46% and a negative trailing twelve-month return on equity of 14.17%.

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

Wolfspeed updated its second quarter earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of ($0.56)-($0.70) for the period, compared to the consensus EPS estimate of ($0.69). The company issued revenue guidance of $192-222 million, compared to the consensus revenue estimate of $207.09 million.

Who are Wolfspeed's major shareholders?

Wolfspeed's stock is owned by a number of retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (4.03%), Artisan Partners Limited Partnership (1.81%), William Blair Investment Management LLC (1.81%), Primecap Management Co. CA (1.50%), Northern Trust Corp (0.80%) and JANA Partners Management LP (0.75%). 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.

This page (NYSE:WOLF) was last updated on 12/7/2023 by MarketBeat.com Staff

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