Wolfspeed (WOLF) – Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Wolfspeed (NYSE: WOLF) in the last few weeks:

• 1/30/2025 – Wolfspeed had its price target lowered by analysts at Bank of America Co. from $9.50 to $6.00. They now have an “underperform” rating on the stock.
• 1/30/2025 – Wolfspeed had its price target lowered by analysts at Piper Sandler from $18.00 to $10.00. They now have an “overweight” rating on the stock.
• 1/30/2025 – Wolfspeed had its price target lowered by analysts at Canaccord Genuity Group Inc. from $18.00 to $10.00. They now have a “buy” rating on the stock.
• 1/30/2025 – Wolfspeed had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $17.00 to $15.00. They now have a “buy” rating on the stock.
• 1/22/2025 – Wolfspeed had its price target lowered by analysts at Susquehanna from $11.00 to $7.00. They now have a “neutral” rating on the stock.
• 1/16/2025 – Wolfspeed had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $19.00 to $17.00. They now have a “buy” rating on the stock.
• 1/6/2025 – Wolfspeed was upgraded by analysts at StockNews.com to a “sell” rating.
• 12/31/2024 – Wolfspeed was upgraded by analysts at StockNews.com to a “sell” rating.

Wolfspeed Trading Up 14.1 %

WOLF opened at $5.87 on Friday. The firm’s fifty day moving average is $6.70 and its two-hundred day moving average is $9.60. The firm has a market cap of $749.02 million, a PE ratio of -0.76 and a beta of 1.43. Wolfspeed, Inc. has a twelve month low of $4.66 and a twelve month high of $30.86. The company has a debt-to-equity ratio of 17.26, a quick ratio of 2.47 and a current ratio of 3.15.

Wolfspeed (NYSE:WOLF) last issued its quarterly earnings data on Wednesday, January 29th. The company reported ($1.10) EPS for the quarter, missing the consensus estimate of ($0.90) by ($0.20). Wolfspeed had a negative return on equity of 70.84% and a negative net margin of 125.96%. Equities research analysts anticipate that Wolfspeed, Inc. will post -4.15 EPS for the current year.

Insider Activity

In other news, Director Glenda Dorchak purchased 3,592 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average price of $8.33 per share, with a total value of $29,921.36. Following the purchase, the director now directly owns 18,688 shares of the company’s stock, valued at $155,671.04. This trade represents a 23.79 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Darren R. Jackson purchased 36,975 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average price of $6.76 per share, for a total transaction of $249,951.00. Following the completion of the acquisition, the director now owns 85,996 shares of the company’s stock, valued at approximately $581,332.96. This represents a 75.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 78,067 shares of company stock worth $524,747 in the last 90 days. Corporate insiders own 0.84% of the company’s stock.

Institutional Investors Weigh In On Wolfspeed

A number of hedge funds and other institutional investors have recently bought and sold shares of WOLF. Farringdon Capital Ltd. bought a new position in shares of Wolfspeed during the 4th quarter worth approximately $317,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Wolfspeed in the fourth quarter valued at $67,000. Sterling Capital Management LLC increased its stake in Wolfspeed by 51.4% in the 4th quarter. Sterling Capital Management LLC now owns 7,463 shares of the company’s stock valued at $50,000 after buying an additional 2,533 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Wolfspeed by 4.3% in the 4th quarter. Neuberger Berman Group LLC now owns 2,506,626 shares of the company’s stock valued at $16,701,000 after buying an additional 104,042 shares during the last quarter. Finally, DRW Securities LLC bought a new stake in Wolfspeed during the 4th quarter worth about $76,000.

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.