Should I buy or sell Wolfspeed stock right now?

16 Wall Street equities 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 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?

16 brokerages have issued 1 year price objectives for Wolfspeed's stock. Their WOLF share price targets range from $34.00 to $115.00. On average, they predict the company's share price to reach $54.00 in the next year. This suggests a possible upside of 36.1% 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 42.5% and is now trading at $39.68. 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) posted its quarterly earnings data on Monday, October, 30th. The company reported ($0.69) earnings per share for the quarter, beating 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 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) , TCW Transform Systems 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 issued an update on its second quarter earnings guidance on Monday, October, 30th. The company provided earnings per share (EPS) guidance of ($0.56)-($0.70) for the period, compared to the consensus 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 variety of institutional and retail investors. Top institutional shareholders 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 .

Most-Downgraded StocksMost-Downgraded

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

$39.68

-0.21 (-0.53%)

(As of 12/8/2023 ET)

Compare

Today's Range: $39.16
▼
$40.98
50-Day Range: $27.70
▼
$40.45
52-Week Range: $27.35
▼
$87.93

Volume: 2.75 million shs
Average Volume: 3.67 million shs
Market Capitalization: $4.97 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: 36.1% Upside
$54.00 Price Target
Short Interest: Bearish
14.63% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.77
Based on 7 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

343rd out of 594 stocks

Semiconductors & Related Devices Industry

57th out of 90 stocks

4.2

Analyst's Opinion

Consensus Rating
Wolfspeed has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 6 buy ratings, 9 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $54.00, Wolfspeed has a forecasted upside of 36.1% from its current price of $39.68.
Amount of Analyst Coverage
Wolfspeed has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
14.63% 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 5.4.
Change versus previous month
Short interest in Wolfspeed has recently decreased by 2.37%, indicating that investor sentiment is improving.

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.

2.7

News and Social Media Coverage

News Sentiment
Wolfspeed has a news sentiment score of 0.77. 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 higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Wolfspeed this week, compared to 8 articles on an average week.
Search Interest
21 people have searched for WOLF on MarketBeat in the last 30 days. This is an increase of 31% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Wolfspeed to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wolfspeed insiders have not sold or bought any 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 ($3.07) to ($1.96) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wolfspeed is -7.01, 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 -7.01, 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 3.05. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

WOLF Stock News Headlines

December 7, 2023 | seekingalpha.com

Wolfspeed: An Interesting Battleground Stock

December 6, 2023 | finance.yahoo.com

Wolfspeed (WOLF) Dips More Than Broader Market: What You Should Know

December 9, 2023 | Wealthpress (Ad)

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December 4, 2023 | finance.yahoo.com

Wolfspeed Completes Sale of RF Business to MACOM

December 4, 2023 | americanbankingnews.com

Wolfspeed, Inc. (NYSE:WOLF) Receives Consensus Recommendation of "Hold" from Analysts

November 30, 2023 | finance.yahoo.com

Wolfspeed (WOLF) Laps the Stock Market: Here's Why

November 22, 2023 | msn.com

Activist investor buys into Durham chipmaker Wolfspeed. What that could mean.

November 22, 2023 | finance.yahoo.com

Investors are selling off Wolfspeed (NYSE:WOLF), lack of profits no doubt contribute to shareholders one-year loss

December 9, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

November 22, 2023 | yahoo.com

Activist investor buys stake in Durham chipmaker Wolfspeed. What that could mean.

November 17, 2023 | nz.finance.yahoo.com

Wolfspeed, Inc. (WOLF) stock price, news, quote & history – Yahoo Finance

November 17, 2023 | msn.com

Wolfspeed gains amid disclosure of stake by activist Jana

November 15, 2023 | benzinga.com

What the Options Market Tells Us About Wolfspeed

November 15, 2023 | seekingalpha.com

Wolfspeed: Major Headwinds Ahead

November 11, 2023 | markets.businessinsider.com

Hold Rating for MACOM Technology Solutions amid Market Pressures and Wolfspeed Acquisition

November 9, 2023 | msn.com

Be Cautious With Wolfspeed Stock -- the Business Isn't Out of the Woods Yet

November 1, 2023 | msn.com

Wolfspeed: Speeding Ahead Now

November 1, 2023 | fool.com

What Lattice Semiconductor, Arista Network, and Wolfspeed Stock Investors Should Know About Recent Earnings

November 1, 2023 | msn.com

Wolfspeed updates construction, hiring progress at Siler City plant. Here’s the latest.

November 1, 2023 | msn.com

Wolfspeed Shows Some Progress

October 31, 2023 | proactiveinvestors.com

Semiconductor maker Wolfspeed rallies following better-than-expected losses

October 31, 2023 | finance.yahoo.com

Wolfspeed, Inc. (NYSE:WOLF) Q1 2024 Earnings Call Transcript

October 31, 2023 | finance.yahoo.com

Auto-Industry Chip Makers Are Being Driven in Opposite Directions

October 31, 2023 | benzinga.com

Why Wolfspeed Shares Are Racing Higher Tuesday

October 31, 2023 | bizjournals.com

Wolfspeed begins hiring for 1,800-job semiconductor factory in North Carolina

October 31, 2023 | fool.com

Why Wolfspeed Stock Soared More Than 25% Higher Today

October 31, 2023 | finance.yahoo.com

Wolfspeed stock soars on record fiscal Q1 revenue, growth

See More Headlines

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Company Calendar

Last Earnings: 10/30/2023
Today: 12/09/2023
Next Earnings (Estimated): 1/24/2024
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 Target: $54.00
High Stock Price Target: $115.00
Low Stock Price Target: $34.00
Potential Upside/Downside: +36.1%
Consensus Rating: Hold
Rating Score (0-4): 2.31
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($5.66)
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: -80.46%
Pretax Margin: -49.88%
Return on Equity: -14.17%
Return on Assets: -3.65%

Debt

Debt-to-Equity Ratio: 4.15
Current Ratio: 5.44
Quick Ratio: 4.99

Sales & Book Value

Annual Sales: $921.90 million
Price / Sales: 5.40
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $13.03 per share
Price / Book: 3.05

Miscellaneous

Outstanding Shares: 125,320,000
Free Float: 124,548,000
Market Cap: $4.97 billion
Optionable: Optionable
Beta: 1.65

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Key Executives

Mr. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WOLF Stock Analysis - Frequently Asked Questions

Should I buy or sell Wolfspeed stock right now?: 16 Wall Street equities 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 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?: 16 brokerages have issued 1 year price objectives for Wolfspeed's stock. Their WOLF share price targets range from $34.00 to $115.00. On average, they predict the company's share price to reach $54.00 in the next year. This suggests a possible upside of 36.1% 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 42.5% and is now trading at $39.68.
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) posted its quarterly earnings data on Monday, October, 30th. The company reported ($0.69) earnings per share for the quarter, beating 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 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), TCW Transform Systems 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 issued an update on its second quarter earnings guidance on Monday, October, 30th. The company provided earnings per share (EPS) guidance of ($0.56)-($0.70) for the period, compared to the consensus 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 variety of institutional and retail investors. Top institutional shareholders 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 12/9/2023 by MarketBeat.com Staff

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

Wolfspeed MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Wolfspeed Stock (NYSE:WOLF)

WOLF Stock Price History

WOLF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

WOLF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™