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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy THIS stock before Taiwan is attacked (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
California Gov. Gavin Newsom rejects bill that would have given unemployment checks to some striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy THIS stock before Taiwan is attacked (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
California Gov. Gavin Newsom rejects bill that would have given unemployment checks to some striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy THIS stock before Taiwan is attacked (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Elon Did It Again: This Could be Bigger than Tesla (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
California Gov. Gavin Newsom rejects bill that would have given unemployment checks to some striking workers
NYSE:WOLF

Wolfspeed (WOLF) Stock Forecast, Price & News

$38.10
+0.33 (+0.87%)
(As of 09/29/2023 ET)
Compare
Today's Range
$37.75
$39.30
50-Day Range
$35.92
$65.90
52-Week Range
$35.92
$119.65
Volume
2.42 million shs
Average Volume
2.65 million shs
Market Capitalization
$4.77 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$69.21

Wolfspeed MarketRank™ Forecast

Analyst Rating
Hold
2.39 Rating Score
Upside/​Downside
81.7% Upside
$69.21 Price Target
Short Interest
Healthy
13.01% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.54mentions of Wolfspeed in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$235,050 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($3.18) to ($1.55) Per Share

Overall MarketRank

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

2.27 out of 5 stars

Computer And Technology Sector

298th out of 605 stocks

Semiconductors & Related Devices Industry

46th out of 88 stocks


WOLF stock logo

About Wolfspeed (NYSE:WOLF) Stock

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 Price History

WOLF Stock News Headlines

Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
Wolfspeed (NYSE:WOLF) Trading Up 6.3%
Wolfspeed (NYSE:WOLF) Price Target Cut to $48.00
Wolfspeed Sees Unusually High Options Volume (NYSE:WOLF)
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
Why did Wolfspeed stock go down today? Heavy volume.
11 Analysts Have This to Say About Wolfspeed
Why Wolfspeed Stock Plunged 27.4% in August
See More Headlines
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WOLF Company Calendar

Last Earnings
8/16/2023
Today
10/01/2023
Next Earnings (Estimated)
10/25/2023
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 Forecast
$69.21
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+81.7%
Consensus Rating
Hold
Rating Score (0-4)
2.39
Research Coverage
18 Analysts

Profitability

Net Income
$-329,900,000.00
Pretax Margin
-35.63%

Debt

Sales & Book Value

Annual Sales
$921.90 million
Book Value
$13.03 per share

Miscellaneous

Free Float
124,481,000
Market Cap
$4.77 billion
Optionable
Optionable
Beta
1.57
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Key Executives

  • Mr. Gregg A. LoweMr. Gregg A. Lowe (Age 60)
    Pres, CEO & Director
    Comp: $1.19M
  • Mr. Neill P. Reynolds (Age 48)
    Exec. VP & CFO
    Comp: $760.67k
  • Dr. John Edmond
    Co-Founder & Research Fellow
  • Ms. Elif Balkas
    Chief Technology Officer
  • Ms. Priya Almelkar
    Sr. VP of IT & Chief Information Officer
  • Mr. Tyler D. Gronbach (Age 54)
    VP of Investor Relations
  • Mr. Bradley D. Kohn (Age 54)
    Chief Legal Officer, Sec. & Gen. Counsel
  • Melinda Walker
    Director of Corp. Communications
  • Mr. Rick Madormo
    Sr. VP of Global Sales & Marketing
  • Ms. Margaret Chadwick
    Chief HR Officer













WOLF Stock - Frequently Asked Questions

Should I buy or sell Wolfspeed stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wolfspeed in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

18 brokerages have issued twelve-month target prices for Wolfspeed's shares. Their WOLF share price forecasts range from $42.00 to $115.00. On average, they expect the company's stock price to reach $69.21 in the next year. This suggests a possible upside of 81.7% 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 beginning of 2023. Since then, WOLF stock has decreased by 44.8% and is now trading at $38.10.
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, October 25th 2023.
View our WOLF earnings forecast
.

How were Wolfspeed's earnings last quarter?

Wolfspeed, Inc. (NYSE:WOLF) released its quarterly earnings results on Wednesday, August, 16th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by $0.22. The business earned $235.80 million during the quarter, compared to the consensus estimate of $224.53 million. Wolfspeed had a negative net margin of 35.78% and a negative trailing twelve-month return on equity of 9.18%. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.12) EPS.

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

Wolfspeed issued an update on its first quarter 2024 earnings guidance on Wednesday, August, 16th. The company provided earnings per share (EPS) guidance of -$0.75--$0.60 for the period, compared to the consensus earnings per share estimate of -$0.29. The company issued revenue guidance of $220.00 million-$240.00 million, compared to the consensus revenue estimate of $233.19 million.

What is Wolfspeed's stock symbol?

Wolfspeed trades on the New York Stock Exchange (NYSE) under the ticker symbol "WOLF."

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 $38.10.

How much money does Wolfspeed make?

Wolfspeed (NYSE:WOLF) has a market capitalization of $4.77 billion and generates $921.90 million in revenue each year. The company earns $-329,900,000.00 in net income (profit) each year or ($2.65) on an earnings per share basis.

How many employees does Wolfspeed have?

The company employs 4,802 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 10/1/2023 by MarketBeat.com Staff

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