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Wolfspeed (WOLF) Stock Price, News & Analysis

Wolfspeed logo
$10.04 -0.46 (-4.38%)
(As of 12/4/2024 ET)

About Wolfspeed Stock (NYSE:WOLF)

Key Stats

Today's Range
$9.72
$10.82
50-Day Range
$6.44
$16.19
52-Week Range
$6.10
$47.43
Volume
10.77 million shs
Average Volume
7.28 million shs
Market Capitalization
$1.28 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.21
Consensus Rating
Hold

Company Overview

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.

Wolfspeed Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
63rd Percentile Overall Score

WOLF MarketRank™: 

Wolfspeed scored higher than 63% of companies evaluated by MarketBeat, and ranked 328th out of 656 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Wolfspeed has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 4 buy ratings, 10 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Wolfspeed has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Wolfspeed's stock forecast and price target.
  • Earnings Growth

    Earnings for Wolfspeed are expected to grow in the coming year, from ($4.13) to ($2.60) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Wolfspeed is -1.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Wolfspeed is -1.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Wolfspeed has a P/B Ratio of 1.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Wolfspeed's valuation and earnings.
  • Percentage of Shares Shorted

    29.46% of the float of Wolfspeed has been sold short.
  • Short Interest Ratio / Days to Cover

    Wolfspeed has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Wolfspeed has recently increased by 2.73%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Wolfspeed does not currently pay a dividend.

  • Dividend Growth

    Wolfspeed does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    29.46% of the float of Wolfspeed has been sold short.
  • Short Interest Ratio / Days to Cover

    Wolfspeed has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Wolfspeed has recently increased by 2.73%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Wolfspeed has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 42 news articles for Wolfspeed this week, compared to 13 articles on an average week.
  • Search Interest

    81 people have searched for WOLF on MarketBeat in the last 30 days. This is an increase of 16% compared to the previous 30 days.
  • MarketBeat Follows

    32 people have added Wolfspeed to their MarketBeat watchlist in the last 30 days. This is an increase of 45% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Wolfspeed insiders have bought more of their company's stock than they have sold. Specifically, they have bought $524,747.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 0.84% of the stock of Wolfspeed is held by insiders.

  • Read more about Wolfspeed's insider trading history.
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WOLF Stock News Headlines

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WOLF Stock Analysis - Frequently Asked Questions

Wolfspeed's stock was trading at $43.51 at the start of the year. Since then, WOLF stock has decreased by 76.9% and is now trading at $10.04.
View the best growth stocks for 2024 here
.

Wolfspeed, Inc. (NYSE:WOLF) posted 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 firm's revenue was up 3.2% on a year-over-year basis.

Wolfspeed's top institutional investors include Primecap Management Co. CA (5.00%), Jane Street Group LLC, Two Sigma Advisers LP (1.93%) and Geode Capital Management LLC (1.58%). Insiders that own company stock include Gregg A Lowe, Neill Reynolds, Darren R Jackson, John B Replogle, Marvin Riley and Duy Loan T Le.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Wolfspeed investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Meta Platforms (META), Enovix (ENVX), Intel (INTC) and Luminar Technologies (LAZR).

Company Calendar

Last Earnings
8/16/2023
Today
12/04/2024
Next Earnings (Estimated)
1/29/2025
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Electronic Equipment
Employees
5,013
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.21
High Stock Price Target
$30.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+70.1%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
16 Analysts

Profitability

Net Income
$-864,200,000.00
Pretax Margin
-90.85%

Debt

Sales & Book Value

Annual Sales
$807.20 million
Book Value
$7.01 per share

Miscellaneous

Free Float
126,640,000
Market Cap
$1.29 billion
Optionable
Optionable
Beta
1.38
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This page (NYSE:WOLF) was last updated on 12/4/2024 by MarketBeat.com Staff
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