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S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Bed Bath & Beyond Is Circling the Drain
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Bed Bath & Beyond Is Circling the Drain
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Bed Bath & Beyond Is Circling the Drain
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Institutions are Buying up Procter & Gamble Shares, Should you?
NYSE:WOLF

Wolfspeed - WOLF Stock Forecast, Price & News

$83.91
+6.90 (+8.96%)
(As of 02/1/2023 12:00 AM ET)
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Compare
Today's Range
$77.17
$85.39
50-Day Range
$67.22
$91.94
52-Week Range
$58.07
$125.48
Volume
3.50 million shs
Average Volume
2.70 million shs
Market Capitalization
$10.42 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$100.94

Wolfspeed MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
20.3% Upside
$100.94 Price Target
Short Interest
Bearish
12.13% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.04mentions of Wolfspeed in the last 14 days
Based on 21 Articles This Week
Insider Trading
Acquiring Shares
$182,080 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.94) to $0.33 Per Share

Overall MarketRank

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

1.79 out of 5 stars

Computer And Technology Sector

310th out of 630 stocks

Semiconductors & Related Devices Industry

47th out of 90 stocks


WOLF stock logo

About Wolfspeed (NYSE:WOLF) Stock

Wolfspeed, Inc. is an innovator of Wolfspeed power and radio frequency (RF) semiconductors. Its Wolfspeed product families include silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging inverters, power supplies, telecom and military and aerospace. The company was founded by Calvin H. Carter Jr., John W. Palmour, F. Neal Hunter, Eric Hunter, and John Edmond in 1987 and is headquartered in Durham, NC.

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WOLF Stock News Headlines

EVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up (WOLF)
Chipmaker STMicroelectronics gapped up 7.75% after significantly topping Q4 earnings views, largely on the strength of silicon carbide chips used in EVs.
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Citigroup Lowers Wolfspeed (NYSE:WOLF) Price Target to $95.00
Wolfspeed (NYSE:WOLF) PT Lowered to $115.00 at Oppenheimer
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Wolfspeed (NYSE:WOLF) PT Lowered to $95.00 at Citigroup
Wolfspeed (NYSE:WOLF) Shares Gap Down After Analyst Downgrade
Wolfspeed Appoints Stacy Smith to Board of Directors
Wolfspeed To Participate in Upcoming Investor Conference
John Palmour Changed Recipe for Making Microchips
Wolfspeed Insider Trades Send a Signal
This Chip Sector Is a Diamond in the Rough
See More Headlines
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WOLF Company Calendar

Last Earnings
10/27/2021
Today
2/02/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
4,017
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$100.94
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
+20.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
18 Analysts

Profitability

Net Income
$-200,900,000.00
Pretax Margin
-29.16%

Debt

Sales & Book Value

Annual Sales
$746.20 million
Cash Flow
$0.41 per share
Book Value
$19.73 per share

Miscellaneous

Free Float
123,443,000
Market Cap
$10.42 billion
Optionable
Optionable
Beta
1.46

Key Executives

  • Gregg A. LoweGregg A. Lowe
    President, Chief Executive Officer & Director
  • Rex Felton
    Senior Vice President-Global Operations
  • Neill P. Reynolds
    Chief Financial Officer & Executive Vice President
  • David Costar
    Chief Information Officer
  • Elif Balkas
    Chief Technology Officer













WOLF Stock - Frequently Asked Questions

Should I buy or sell Wolfspeed stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wolfspeed in the last year. There are currently 1 sell rating, 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WOLF 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 objectives for Wolfspeed's stock. Their WOLF share price forecasts range from $75.00 to $140.00. On average, they expect the company's share price to reach $100.94 in the next twelve months. This suggests a possible upside of 20.3% 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 start of the year. Since then, WOLF stock has increased by 21.5% and is now trading at $83.91.
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, May 3rd 2023.
View our WOLF earnings forecast
.

How were Wolfspeed's earnings last quarter?

Wolfspeed, Inc. (NYSE:WOLF) posted its earnings results on Wednesday, October, 27th. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.03. The firm had revenue of $156.60 million for the quarter, compared to analysts' expectations of $149.59 million. Wolfspeed had a negative trailing twelve-month return on equity of 4.40% and a negative net margin of 18.90%. Wolfspeed's quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.34) earnings per share.

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

Wolfspeed updated its third quarter 2023 earnings guidance on Wednesday, January, 25th. The company provided earnings per share guidance of -$0.16--$0.12 for the period, compared to the consensus EPS estimate of -$0.06. The company issued revenue guidance of $210.00 million-$230.00 million, compared to the consensus revenue estimate of $252.03 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 shareholders include Bank of Montreal Can (0.50%), Allspring Global Investments Holdings LLC (0.33%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), New York State Common Retirement Fund (0.24%), Iridian Asset Management LLC CT (0.22%) and Oak Harbor Wealth Partners LLC (0.17%). 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 $83.91.

How much money does Wolfspeed make?

Wolfspeed (NYSE:WOLF) has a market capitalization of $10.42 billion and generates $746.20 million in revenue each year. The company earns $-200,900,000.00 in net income (profit) each year or ($1.31) on an earnings per share basis.

How many employees does Wolfspeed have?

The company employs 4,017 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 2/2/2023 by MarketBeat.com Staff