NYSE:WOLF

Wolfspeed (WOLF) Stock Price, News & Analysis

$24.92
+0.55 (+2.26%)
(As of 11:21 AM ET)
Today's Range
$23.98
$24.98
50-Day Range
$22.18
$29.89
52-Week Range
$20.63
$70.42
Volume
497,028 shs
Average Volume
4.84 million shs
Market Capitalization
$3.14 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$36.93

Wolfspeed MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
53.0% Upside
$36.93 Price Target
Short Interest
Bearish
16.43% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.11mentions of Wolfspeed in the last 14 days
Based on 37 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($3.05) to ($2.70) 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.

2.01 out of 5 stars

Computer And Technology Sector

443rd out of 592 stocks

Semiconductors & Related Devices Industry

75th 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

1970’s computer coder Issues Shocking AI Warning
Louis Navellier has spent four decades building a billion-dollar empire on the back of big data and technology… Now he's stepping forward with a shocking warning about how AI will soon impact the wealth of everyday Americans.
Wolfspeed (NYSE:WOLF) Shares Up 7.7%
1970’s computer coder Issues Shocking AI Warning
Louis Navellier has spent four decades building a billion-dollar empire on the back of big data and technology… Now he's stepping forward with a shocking warning about how AI will soon impact the wealth of everyday Americans.
Wolfspeed (NYSE:WOLF) Downgraded by William Blair
Wolfspeed (NYSE:WOLF) Cut to "Hold" at TD Cowen
Mizuho Trims Wolfspeed (NYSE:WOLF) Target Price to $27.00
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
See More Headlines
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Company Calendar

Last Earnings
8/16/2023
Today
5/09/2024
Fiscal Year End
6/30/2024
Next Earnings (Estimated)
8/21/2024

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 Target
$36.93
High Stock Price Target
$57.00
Low Stock Price Target
$23.00
Potential Upside/Downside
+51.5%
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
$921.90 million
Book Value
$13.03 per share

Miscellaneous

Free Float
124,785,000
Market Cap
$3.07 billion
Optionable
Optionable
Beta
1.64
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Key Executives


WOLF Stock Analysis - Frequently Asked Questions

Should I buy or sell Wolfspeed stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wolfspeed in the last twelve months. There are currently 1 sell rating, 10 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?

15 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 stock price to reach $36.93 in the next twelve months. This suggests a possible upside of 53.0% 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 at the beginning of 2024. Since then, WOLF shares have decreased by 44.5% and is now trading at $24.14.
View the best growth stocks for 2024 here
.

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, August, 16th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.20) by $0.22. The business earned $235.80 million during the quarter, compared to analysts' expectations of $224.53 million. Wolfspeed had a negative trailing twelve-month return on equity of 27.37% and a negative net margin of 96.12%. The business's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.12) EPS.

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

Wolfspeed issued an update on 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 earnings per share 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 variety of institutional and retail investors. Top institutional shareholders include Capstone Investment Advisors LLC (0.00%), Principal Financial Group Inc. (0.38%), Portman Square Capital LLP (0.00%), Retirement Systems of Alabama (0.19%), Rheos Capital Works Inc. (0.14%) and New York State Teachers Retirement System (0.11%). 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 5/9/2024 by MarketBeat.com Staff

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