NYSE:WOLF

Wolfspeed (WOLF) Stock Forecast, Price & News

$38.12

+2.19 (+6.10%)

(As of 09/22/2023 ET)

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Today's Range: $36.25
▼
$38.43
50-Day Range: $35.92
▼
$67.94
52-Week Range: $35.92
▼
$119.65

Volume: 5.04 million shs
Average Volume: 2.41 million shs
Market Capitalization: $4.77 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $69.21

Wolfspeed MarketRank™ Forecast

Analyst Rating: Hold
2.39 Rating Score
Upside/Downside: 81.6% Upside
$69.21 Price Target
Short Interest: Bearish
14.08% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.40
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.

2.11 out of 5 stars

Computer And Technology Sector

366th out of 581 stocks

Semiconductors & Related Devices Industry

58th out of 81 stocks

4.2

Analyst's Opinion

Consensus Rating
Wolfspeed has received a consensus rating of Hold. The company's average rating score is 2.39, and is based on 8 buy ratings, 9 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $69.21, Wolfspeed has a forecasted upside of 81.6% from its current price of $38.12.
Amount of Analyst Coverage
Wolfspeed has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
14.08% of the float of Wolfspeed has been sold short.
Short Interest Ratio / Days to Cover
Wolfspeed has a short interest ratio ("days to cover") of 6.1.
Change versus previous month
Short interest in Wolfspeed has recently increased by 2.17%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Wolfspeed does not currently pay a dividend.
Dividend Growth
Wolfspeed does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WOLF.

2.4

News and Social Media Coverage

News Sentiment
Wolfspeed has a news sentiment score of 0.40. 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 0.56 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Wolfspeed this week, compared to 8 articles on an average week.
Search Interest
Only 27 people have searched for WOLF on MarketBeat in the last 30 days. This is a decrease of -31% compared to the previous 30 days.
MarketBeat Follows
8 people have added Wolfspeed to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wolfspeed insiders have bought more of their company's stock than they have sold. Specifically, they have bought $235,050.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.62% of the stock of Wolfspeed is held by insiders.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Wolfspeed are expected to grow in the coming year, from ($3.18) to ($1.55) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wolfspeed is -14.38, 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. Sector
The P/E ratio of Wolfspeed is -14.38, 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 Ratio
Wolfspeed has a P/B Ratio of 2.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

WOLF Stock News Headlines

September 24, 2023 | americanbankingnews.com

Wolfspeed (NYSE:WOLF) Price Target Cut to $48.00

September 22, 2023 | americanbankingnews.com

Wolfspeed Sees Unusually High Options Volume (NYSE:WOLF)

September 24, 2023 | Chaikin Analytics (Ad)

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September 22, 2023 | bizjournals.com

2023 Corporate Leadership Awards: Margaret Chadwick with Wolfspeed

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 24, 2023 | Chaikin Analytics (Ad)

His system isolated NVIDIA - Here's His Next Buy.

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September 19, 2023 | americanbankingnews.com

Wolfspeed (NYSE:WOLF) Shares Gap Down After Analyst Downgrade

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

See More Headlines

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WOLF Company Calendar

Last Earnings: 8/16/2023
Today: 9/23/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 6/30/2024

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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: $69.21
High Stock Price Forecast: $115.00
Low Stock Price Forecast: $42.00
Forecasted Upside/Downside: +81.6%
Consensus Rating: Hold
Rating Score (0-4): 2.39
Research Coverage: 18 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: 5.18
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $13.03 per share
Price / Book: 2.93

Miscellaneous

Outstanding Shares: 125,260,000
Free Float: 124,481,000
Market Cap: $4.77 billion
Optionable: Optionable
Beta: 1.57

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Key Executives

Mr. 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?: 18 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 8 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 forecast for 2023?: 18 brokerages have issued 1-year price targets for Wolfspeed's stock. Their WOLF share price forecasts range from $42.00 to $115.00. On average, they anticipate the company's stock price to reach $69.21 in the next year. This suggests a possible upside of 81.6% 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 on January 1st, 2023. Since then, WOLF shares have decreased by 44.8% and is now trading at $38.12.
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) issued its earnings results on Wednesday, August, 16th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by $0.22. The company earned $235.80 million during the quarter, compared to analyst estimates 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%. Wolfspeed's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.12) earnings per share.
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 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 retail and institutional investors. Top institutional investors 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 $38.12.
How much money does Wolfspeed make?: Wolfspeed (NYSE:WOLF) has a market capitalization of $4.77 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 9/24/2023 by MarketBeat.com Staff

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