Wolfspeed, Inc. (NYSE:WOLF – Get Rating) Director Duy Loan T. Le purchased 2,000 shares of the firm’s stock in a transaction dated Friday, November 18th. The stock was acquired at an average price of $91.04 per share, for a total transaction of $182,080.00. Following the purchase, the director now owns 29,662 shares in the company, valued at approximately $2,700,428.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Wolfspeed Trading Down 3.1 %
NYSE WOLF opened at $88.18 on Tuesday. The company has a market cap of $10.95 billion, a price-to-earnings ratio of -67.31 and a beta of 1.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.61 and a quick ratio of 3.97. The company has a 50-day moving average of $97.66. Wolfspeed, Inc. has a 12 month low of $58.07 and a 12 month high of $139.21.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on WOLF shares. JPMorgan Chase & Co. decreased their price target on Wolfspeed from $150.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 1st. Morgan Stanley reduced their price objective on Wolfspeed from $106.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 27th. Cowen reduced their price objective on Wolfspeed from $125.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, October 27th. Evercore ISI reduced their price objective on Wolfspeed to $115.00 in a research report on Tuesday, November 15th. Finally, BMO Capital Markets reduced their price objective on Wolfspeed from $100.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday, October 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Wolfspeed has a consensus rating of “Moderate Buy” and an average target price of $106.06.
Institutional Inflows and Outflows
Wolfspeed Company Profile
Wolfspeed, Inc is an innovator of Wolfspeed power and radio frequency (RF) semiconductors. Its Wolfspeed product families include silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging inverters, power supplies, telecom and military and aerospace.
- Get a free copy of the StockNews.com research report on Wolfspeed (WOLF)
- Three Ways To Win The Online Gambling Industry
- Santa Claus Rally? Here’s What Needs to Happen
- Will the Return of Bob Iger Return the Magic to Disney Stock?
- Is Ardelyx is A Buy After Slip in Early 2022
- Is Tesla A Bargain Now As It Trades At Two-Year Lows?
Receive News & Ratings for Wolfspeed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolfspeed and related companies with MarketBeat.com's FREE daily email newsletter.