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NYSE:WOLF

Wolfspeed (WOLF) Stock Price, News & Analysis

$19.24
+0.90 (+4.91%)
(As of 07/26/2024 ET)
Today's Range
$18.38
$19.94
50-Day Range
$18.34
$29.43
52-Week Range
$18.10
$66.22
Volume
3.63 million shs
Average Volume
3.19 million shs
Market Capitalization
$2.42 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$35.43

Wolfspeed MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
84.1% Upside
$35.43 Price Target
Short Interest
Bearish
17.30% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.35mentions of Wolfspeed in the last 14 days
Based on 18 Articles This Week
Insider Trading
Acquiring Shares
$50,475 Bought Last Quarter
Proj. Earnings Growth
Decreasing
From ($3.21) to ($3.32) 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.

2.12 out of 5 stars

Computer And Technology Sector

437th out of 612 stocks

Semiconductors & Related Devices Industry

71st 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

Investors Buy Large Volume of Call Options on Wolfspeed (NYSE:WOLF)
625,000% Gain
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See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Today
7/27/2024
Next Earnings (Estimated)
8/21/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Electronic Equipment
Employees
4,802
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$35.43
High Stock Price Target
$57.00
Low Stock Price Target
$23.00
Potential Upside/Downside
+84.1%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
15 Analysts

Profitability

Net Income
$-329,900,000.00
Pretax Margin
-66.22%

Debt

Sales & Book Value

Annual Sales
$972.60 million
Book Value
$13.03 per share

Miscellaneous

Free Float
125,075,000
Market Cap
$2.42 billion
Optionable
Optionable
Beta
1.60
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Key Executives


WOLF Stock Analysis - Frequently Asked Questions

How have WOLF shares performed this year?

Wolfspeed's stock was trading at $43.51 on January 1st, 2024. Since then, WOLF stock has decreased by 55.8% and is now trading at $19.24.
View the best growth stocks for 2024 here
.

How were Wolfspeed's earnings last quarter?

Wolfspeed, Inc. (NYSE:WOLF) issued its quarterly earnings data on Wednesday, May, 1st. The company reported ($0.79) earnings per share for the quarter, topping analysts' consensus estimates of ($0.82) by $0.03. The company earned $200.70 million during the quarter, compared to analyst estimates 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%.

Who are Wolfspeed's major shareholders?

Top institutional investors of Wolfspeed include Bank of New York Mellon Corp (0.94%), Portman Square Capital LLP, Retirement Systems of Alabama (0.19%) and Slow Capital Inc. (0.11%). Insiders that own company stock include Gregg A Lowe, Neill Reynolds, John B Replogle, Darren R Jackson, Marvin Riley and Duy Loan T Le.
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 7/27/2024 by MarketBeat.com Staff

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