William Blair Has Pessimistic View of Wolfspeed Q1 Earnings

Wolfspeed, Inc. (NYSE:WOLF - Free Report) - Investment analysts at William Blair reduced their Q1 2025 earnings per share (EPS) estimates for shares of Wolfspeed in a note issued to investors on Tuesday, October 15th. William Blair analyst J. Dorsheimer now expects that the company will post earnings of ($1.34) per share for the quarter, down from their previous forecast of ($0.99). The consensus estimate for Wolfspeed's current full-year earnings is ($3.84) per share. William Blair also issued estimates for Wolfspeed's Q2 2025 earnings at ($1.34) EPS, Q3 2025 earnings at ($1.18) EPS, Q4 2025 earnings at ($1.05) EPS and FY2025 earnings at ($4.91) EPS.

A number of other research analysts also recently commented on the company. New Street Research downgraded Wolfspeed from a "buy" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a report on Wednesday, August 7th. Oppenheimer reaffirmed a "market perform" rating on shares of Wolfspeed in a research report on Tuesday, July 9th. Bank of America reduced their price target on shares of Wolfspeed from $25.00 to $15.00 and set an "underperform" rating for the company in a research report on Friday, August 23rd. Piper Sandler dropped their price objective on Wolfspeed from $35.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, August 22nd. Finally, TD Cowen cut their target price on Wolfspeed from $25.00 to $15.00 and set a "hold" rating on the stock in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $22.43.

Wolfspeed Stock Down 1.3 %

NYSE WOLF traded down $0.21 on Friday, hitting $16.00. 18,091,772 shares of the stock were exchanged, compared to its average volume of 6,292,105. The company has a quick ratio of 3.85, a current ratio of 4.51 and a debt-to-equity ratio of 6.99. The company has a 50-day moving average price of $10.48 and a 200-day moving average price of $19.35. The company has a market cap of $2.01 billion, a PE ratio of -2.48 and a beta of 1.52. Wolfspeed has a fifty-two week low of $7.28 and a fifty-two week high of $47.43.

Wolfspeed (NYSE:WOLF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The company reported ($1.06) EPS for the quarter, missing analysts' consensus estimates of ($1.03) by ($0.03). Wolfspeed had a negative return on equity of 37.76% and a negative net margin of 107.93%. The company had revenue of $200.70 million for the quarter, compared to analyst estimates of $201.11 million.

Hedge Funds Weigh In On Wolfspeed

Large investors have recently bought and sold shares of the company. Mather Group LLC. boosted its stake in shares of Wolfspeed by 385.5% in the second quarter. Mather Group LLC. now owns 1,175 shares of the company's stock valued at $27,000 after buying an additional 933 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Wolfspeed by 64.8% in the first quarter. Advisors Asset Management Inc. now owns 1,757 shares of the company's stock valued at $52,000 after purchasing an additional 691 shares during the period. Signaturefd LLC boosted its holdings in Wolfspeed by 284.3% during the second quarter. Signaturefd LLC now owns 2,087 shares of the company's stock worth $48,000 after buying an additional 1,544 shares in the last quarter. Sunbelt Securities Inc. grew its position in Wolfspeed by 34.7% during the first quarter. Sunbelt Securities Inc. now owns 2,724 shares of the company's stock worth $80,000 after buying an additional 702 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Wolfspeed in the second quarter valued at about $75,000.

About Wolfspeed

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.