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Wolfspeed (WOLF) Stock Price, News & Analysis

-2.85 (-10.26%)
(As of 05/23/2024 ET)
Today's Range
50-Day Range
52-Week Range
4.14 million shs
Average Volume
4.30 million shs
Market Capitalization
$3.14 billion
P/E Ratio
Dividend Yield
Price Target

Wolfspeed MarketRank™ Stock Analysis

Analyst Rating
2.21 Rating Score
45.6% Upside
$36.29 Price Target
Short Interest
19.52% of Float Sold Short
Dividend Strength
News Sentiment
0.87mentions of Wolfspeed in the last 14 days
Based on 4 Articles This Week
Insider Trading
Proj. Earnings Growth
From ($3.13) to ($3.11) 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.

1.98 out of 5 stars

Computer And Technology Sector

426th out of 596 stocks

Semiconductors & Related Devices Industry

67th out of 84 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

Smart Money Is Betting Big In WOLF Options
Wells Fargo Reaffirms Their Hold Rating on Wolfspeed (WOLF)
Wolfspeed: Not So Bad
Why Wolfspeed Sank Today
Why Wolfspeed Sank Today
Wolfspeed: Anything But Speed Of Progress
Wolfspeed stock slips as guidance disappoints
See More Headlines
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Company Calendar

Last Earnings
Fiscal Year End
Next Earnings (Estimated)

Industry, Sector and Symbol

Semiconductors & related devices
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
14 Analysts


Net Income
Pretax Margin


Sales & Book Value

Annual Sales
$921.90 million
Book Value
$8.13 per share


Free Float
Market Cap
$3.14 billion
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Key Executives

WOLF Stock Analysis - Frequently Asked Questions

Should I buy or sell Wolfspeed stock right now?

14 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 4 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?

14 brokerages have issued 1 year price targets for Wolfspeed's shares. Their WOLF share price targets range from $23.00 to $57.00. On average, they expect the company's share price to reach $36.29 in the next twelve months. This suggests a possible upside of 45.6% 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 on January 1st, 2024. Since then, WOLF shares have decreased by 42.7% and is now trading at $24.93.
View the best growth stocks for 2024 here

Are investors shorting Wolfspeed?

Wolfspeed saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 24,060,000 shares, an increase of 18.8% from the April 15th total of 20,250,000 shares. Based on an average daily trading volume, of 4,680,000 shares, the days-to-cover ratio is currently 5.1 days. Currently, 19.5% of the company's 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, August 21st 2024.
View our WOLF earnings forecast

How were Wolfspeed's earnings last quarter?

Wolfspeed, Inc. (NYSE:WOLF) posted its earnings results on Wednesday, May, 1st. The company reported ($0.79) earnings per share for the quarter, beating the consensus estimate of ($0.82) by $0.03. The firm earned $200.70 million during the quarter, compared to analysts' expectations of $201.49 million. Wolfspeed had a negative trailing twelve-month return on equity of 27.37% and a negative net margin of 96.12%.

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

Wolfspeed updated its fourth quarter 2024 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of -0.860--0.720 for the period, compared to the consensus estimate of -0.610. The company issued revenue guidance of $185.0 million-$215.0 million, compared to the consensus revenue estimate of $225.8 million.

Who are Wolfspeed's major shareholders?

Wolfspeed's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.39%), Capital International Investors (10.19%), Capital Research Global Investors (9.85%), Clearbridge Investments LLC (3.81%), Shaolin Capital Management LLC (0.00%) and Capital World Investors (2.52%). 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 5/24/2024 by Staff

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