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NIO   5.74 (+5.71%)
AMD   192.53 (+9.06%)
BABA   74.02 (-0.76%)
T   16.93 (-0.18%)
F   12.43 (+1.06%)
MU   90.61 (+1.00%)
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GE   156.83 (+0.78%)
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NYSE:WOLF

Wolfspeed (WOLF) Stock Price, News & Analysis

$26.02
+0.47 (+1.84%)
(As of 02/29/2024 ET)
Today's Range
$25.61
$26.94
50-Day Range
$23.77
$46.84
52-Week Range
$23.54
$77.72
Volume
4.72 million shs
Average Volume
5.05 million shs
Market Capitalization
$3.27 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$46.40

Wolfspeed MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
79.6% Upside
$46.40 Price Target
Short Interest
Bearish
15.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.40mentions of Wolfspeed in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$258,000 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($3.05) to ($2.70) 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.

1.56 out of 5 stars

Computer And Technology Sector

475th out of 597 stocks

Semiconductors & Related Devices Industry

76th out of 89 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

Goldman Sachs Keeps Their Buy Rating on Wolfspeed (WOLF)
Stock Surprises: 3 Companies Ready to Beat the Odds
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
WOLF Mar 2024 31.000 put
WOLF Mar 2024 35.000 put
WOLF Mar 2024 27.500 call
WOLF Feb 2024 34.500 call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
WOLF Feb 2024 33.500 call
WOLF Feb 2024 25.500 put
A New Microchip Construction Boom? [Infographic]
Tom Werner Joins SunPower's Board As Executive Chairman
3 Semiconductor Stocks Insiders Are Buying This February
WOLF Mar 2024 32.000 call
WOLF Mar 2024 22.000 put
3 Millionaire-Maker Technology Stocks
WOLF Mar 2024 29.000 put
WOLF Mar 2024 33.000 call
WOLF Feb 2024 21.000 put
WOLF Feb 2024 30.000 put
WOLF Feb 2024 22.000 put
WOLF Feb 2024 30.000 call
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Today
2/29/2024
Next Earnings (Estimated)
4/24/2024
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
$46.40
High Stock Price Target
$57.00
Low Stock Price Target
$34.00
Potential Upside/Downside
+79.6%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
14 Analysts

Profitability

Net Income
$-329,900,000.00
Pretax Margin
-56.51%

Debt

Sales & Book Value

Annual Sales
$964.50 million
Book Value
$9.14 per share

Miscellaneous

Free Float
125,021,000
Market Cap
$3.25 billion
Optionable
Optionable
Beta
1.72
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Key Executives

  • Mr. Gregg A. LoweMr. Gregg A. Lowe (Age 61)
    President, CEO & Director
    Comp: $1.19M
  • 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 55)
    Vice President of Investor Relations
  • Mr. Bradley D. Kohn (Age 55)
    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
  • Mr. Jay Cameron
    Senior VP & GM of Power














WOLF Stock Analysis - Frequently Asked Questions

Should I buy or sell Wolfspeed stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wolfspeed in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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 analysts have issued 12-month price targets for Wolfspeed's shares. Their WOLF share price targets range from $34.00 to $57.00. On average, they anticipate the company's share price to reach $46.40 in the next twelve months. This suggests a possible upside of 79.6% 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 2024?

Wolfspeed's stock was trading at $43.51 at the beginning of the year. Since then, WOLF shares have decreased by 40.6% and is now trading at $25.84.
View the best growth stocks for 2024 here
.

Are investors shorting Wolfspeed?

Wolfspeed saw a increase in short interest in January. As of January 31st, there was short interest totaling 18,980,000 shares, an increase of 11.6% from the January 15th total of 17,000,000 shares. Based on an average daily trading volume, of 4,270,000 shares, the short-interest ratio is currently 4.4 days. Currently, 15.4% of the shares of the stock are sold short.
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, April 24th 2024.
View our WOLF earnings forecast
.

How were Wolfspeed's earnings last quarter?

Wolfspeed, Inc. (NYSE:WOLF) issued its earnings results on Wednesday, January, 31st. The company reported ($0.69) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.79) by $0.10. The business had revenue of $208.40 million for the quarter, compared to analysts' expectations of $205.94 million. Wolfspeed had a negative net margin of 87.35% and a negative trailing twelve-month return on equity of 19.35%.

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

Wolfspeed updated its third quarter 2024 earnings guidance on Wednesday, January, 31st. The company provided EPS guidance of -0.690--0.570 for the period, compared to the consensus estimate of -0.630. The company issued revenue guidance of $185.0 million-$215.0 million, compared to the consensus revenue estimate of $224.0 million.

Who are Wolfspeed's major shareholders?

Wolfspeed's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (10.74%), Capital International Investors (10.20%), Vanguard Group Inc. (10.04%), Norges Bank (5.64%), Capital World Investors (4.21%) and Clearbridge Investments LLC (3.85%). 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 2/29/2024 by MarketBeat.com Staff