Should I buy or sell Wolfspeed stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wolfspeed in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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?

14 brokerages have issued twelve-month target prices for Wolfspeed's stock. Their WOLF share price targets range from $30.00 to $57.00. On average, they anticipate the company's stock price to reach $43.63 in the next year. This suggests a possible upside of 83.9% 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 on January 1st, 2024. Since then, WOLF stock has decreased by 45.5% and is now trading at $23.72. 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, May 1st 2024. View our WOLF earnings forecast .

How can I listen to Wolfspeed's earnings call?

Wolfspeed will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Wolfspeed's earnings last quarter?

Wolfspeed, Inc. (NYSE:WOLF) posted its quarterly earnings results on Wednesday, January, 31st. The company reported ($0.69) EPS for the quarter, topping analysts' consensus estimates of ($0.79) by $0.10. The business earned $208.40 million during the quarter, compared to analysts' expectations of $205.94 million. Wolfspeed had a negative net margin of 87.35% and a negative trailing twelve-month return on equity of 19.35%.

What ETFs hold Wolfspeed's stock?

ETFs with the largest weight of Wolfspeed (NYSE:WOLF) stock in their portfolio include ALPS Clean Energy ETF (ACES) , SPDR S&P Semiconductor ETF (XSD) , Future Fund Active ETF (FFND) , Future Fund Long/Short ETF (FFLS) , First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) , iShares Future Cloud 5G and Tech ETF (IDAT) , Invesco WilderHill Clean Energy ETF (PBW) and MFAM Small-Cap Growth ETF (MFMS) .

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

Wolfspeed issued an update on its third quarter 2024 earnings guidance on Wednesday, January, 31st. The company provided earnings per share guidance of -0.690--0.570 for the period, compared to the consensus estimate of -0.630. The company issued revenue guidance of $185.0 million-$215.0 million, compared to the consensus revenue estimate of $224.0 million.

Who are Wolfspeed's major shareholders?

Wolfspeed's stock is owned by many different retail and institutional investors. Top institutional shareholders include Portman Square Capital LLP (0.00%), Rheos Capital Works Inc. (0.14%), CWM LLC (0.07%), Perpetual Ltd (0.03%), State of Michigan Retirement System (0.02%) and Green Alpha Advisors LLC (0.02%). 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 .

NYSE:WOLF

Wolfspeed (WOLF) Stock Price, News & Analysis

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$23.49

-0.23 (-0.97%)

(As of 09:33 AM ET)

Compare

Today's Range: $23.11
▼
$23.57
50-Day Range: $23.72
▼
$29.89
52-Week Range: $23.11
▼
$70.42

Volume: 129,542 shs
Average Volume: 4.56 million shs
Market Capitalization: $2.96 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $43.63

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Wolfspeed MarketRank™ Stock Analysis

Analyst Rating: Hold
2.29 Rating Score
Upside/Downside: 83.9% Upside
$43.63 Price Target
Short Interest: Bearish
16.47% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.41
Based on 19 Articles This Week
Insider Trading: Acquiring Shares
$258,000 Bought Last Quarter
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.

2.05 out of 5 stars

Computer And Technology Sector

411th out of 581 stocks

Semiconductors & Related Devices Industry

65th out of 89 stocks

4.1

Analyst's Opinion

Consensus Rating
Wolfspeed has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 5 buy ratings, 8 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Wolfspeed has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
16.47% 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 4.3.
Change versus previous month
Short interest in Wolfspeed has recently increased by 3.31%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Wolfspeed does not currently pay a dividend.
Dividend Growth
Wolfspeed does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WOLF.

1.9

News and Social Media Coverage

News Sentiment
Wolfspeed has a news sentiment score of 0.41. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 19 news articles for Wolfspeed this week, compared to 9 articles on an average week.
Search Interest
Only 23 people have searched for WOLF on MarketBeat in the last 30 days. This is a decrease of -59% compared to the previous 30 days.
MarketBeat Follows
Only 13 people have added Wolfspeed to their MarketBeat watchlist in the last 30 days. This is a decrease of -28% compared to the previous 30 days.

1.7

Company Ownership

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 $258,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.62% of the stock of Wolfspeed is held by insiders.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Wolfspeed are expected to grow in the coming year, from ($3.05) to ($2.70) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wolfspeed is -3.90, 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 -3.90, 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 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

WOLF Stock News Headlines

April 18, 2024 | msn.com

Open Source: In Chatham County, a tale of two construction projects

April 18, 2024 | benzinga.com

Behind the Scenes of Wolfspeed's Latest Options Trends

April 19, 2024 | Altimetry (Ad)

I’m officially sounding the alarm.

April 18, 2024 | markets.businessinsider.com

Wolfspeed Selects AIXTRON Tools to Support 200mm Production

April 18, 2024 | msn.com

Wolfspeed (WOLF) Price Target Decreased by 7.32% to 37.59

April 17, 2024 | businesswire.com

Wolfspeed, Inc. Announces Date of Fiscal Third Quarter Earnings Call for May 1, 2024

April 17, 2024 | msn.com

AmeriCU’s Ron Belle on leadership: ‘Understand the shadow you’re casting’

April 17, 2024 | americanbankingnews.com

Stock Traders Purchase Large Volume of Call Options on Wolfspeed (NYSE:WOLF)

April 19, 2024 | Altimetry (Ad)

I’m officially sounding the alarm.

April 16, 2024 | finance.yahoo.com

Wolfspeed, Inc. (WOLF) Interactive Stock Chart - Yahoo Finance

April 16, 2024 | americanbankingnews.com

Financial Analysis: Wolfspeed (NYSE:WOLF) versus ams-OSRAM (OTCMKTS:AUKUF)

April 14, 2024 | bizjournals.com

As Wolfspeed builds Chatham factory, its former LED unit keeps innovating

April 13, 2024 | americanbankingnews.com

JPMorgan Chase & Co. Lowers Wolfspeed (NYSE:WOLF) Price Target to $35.00

April 13, 2024 | americanbankingnews.com

Wolfspeed (NYSE:WOLF) Shares Gap Down After Analyst Downgrade

April 12, 2024 | benzinga.com

Wolfspeed Stock (NYSE:WOLF), Analyst Ratings, Price Targets, Predictions

April 10, 2024 | bizjournals.com

Randolph Community College gets $8.5M from county towards planned $18M capital investments

April 10, 2024 | investorplace.com

Trade of the Day: Wolfspeed (WOLF) Stock Could Get Squeezed Higher

April 9, 2024 | fool.com

Better Tech Stock: Axcelis Technologies vs. Wolfspeed

April 9, 2024 | americanbankingnews.com

Wolfspeed (NYSE:WOLF) Rating Reiterated by Susquehanna

April 9, 2024 | markets.businessinsider.com

Wolfspeed Inc.: A Strong Buy on Solid Growth and Positive Facility Developments

April 6, 2024 | msn.com

2 Semiconductor Stocks You May Not Know Are Buys Right Now

April 5, 2024 | markets.businessinsider.com

Wolfspeed At A Crossroads: Analyst Points To Competitive Pressures, EV Slowdown Impact

April 5, 2024 | msn.com

Wolfspeed in focus as Mizuho starts coverage with Neutral rating

April 3, 2024 | seekingalpha.com

ON Facing Headwinds From A Slowing U.S. EV Market Amid Strong SiC Wafer Competition In China

April 3, 2024 | msn.com

Stocks Settle Mostly Higher as Powell Affirms Rate Cuts This Year

April 3, 2024 | msn.com

The Triangle is one of the most innovative areas in the U.S., according to patent data

April 3, 2024 | msn.com

What does clean energy economic development mean in NC? Billions, says new report.

See More Headlines

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Company Calendar

Last Earnings: 1/31/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Semiconductors & related devices
Sub-Industry: N/A
Current Symbol: NYSE:WOLF
CUSIP: N/A
CIK: 895419
Web: www.cree.com
Phone: (919) 313-5300
Fax: 919-313-5558
Employees: 4,802
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $43.63
High Stock Price Target: $57.00
Low Stock Price Target: $30.00
Potential Upside/Downside: +83.9%
Consensus Rating: Hold
Rating Score (0-4): 2.29
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($6.08)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-329,900,000.00
Net Margins: -87.35%
Pretax Margin: -56.51%
Return on Equity: -19.35%
Return on Assets: -4.16%

Debt

Debt-to-Equity Ratio: 4.50
Current Ratio: 5.13
Quick Ratio: 4.58

Sales & Book Value

Annual Sales: $921.90 million
Price / Sales: 3.24
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $13.03 per share
Price / Book: 1.82

Miscellaneous

Outstanding Shares: 125,800,000
Free Float: 125,021,000
Market Cap: $2.98 billion
Optionable: Optionable
Beta: 1.66

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Key Executives

Mr. Gregg A. Lowe (Age 61)
President, CEO & Director
Comp: $1.19M
Mr. Neill P. Reynolds (Age 48)
Executive VP & CFO
Comp: $760.67k
Dr. John Edmond
Co-Founder & Research Fellow
Ms. Elif Balkas
Chief Technology Officer
Ms. Priya Almelkar
Senior VP of IT & Chief Information Officer
Mr. Tyler D. Gronbach (Age 55)
Vice President of Investor Relations
Mr. Bradley D. Kohn (Age 55)
Chief Legal Officer, Secretary & General Counsel
Melinda Walker
Director of Corporate Communications
Mr. Rick Madormo
Senior Vice President of Global Sales & Marketing
Ms. Margaret Chadwick
Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WOLF Stock Analysis - Frequently Asked Questions

Should I buy or sell Wolfspeed stock right now?: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wolfspeed in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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?: 14 brokerages have issued twelve-month target prices for Wolfspeed's stock. Their WOLF share price targets range from $30.00 to $57.00. On average, they anticipate the company's stock price to reach $43.63 in the next year. This suggests a possible upside of 83.9% 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 on January 1st, 2024. Since then, WOLF stock has decreased by 45.5% and is now trading at $23.72.
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, May 1st 2024.
View our WOLF earnings forecast.
How can I listen to Wolfspeed's earnings call?: Wolfspeed will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Wolfspeed's earnings last quarter?: Wolfspeed, Inc. (NYSE:WOLF) posted its quarterly earnings results on Wednesday, January, 31st. The company reported ($0.69) EPS for the quarter, topping analysts' consensus estimates of ($0.79) by $0.10. The business earned $208.40 million during the quarter, compared to analysts' expectations of $205.94 million. Wolfspeed had a negative net margin of 87.35% and a negative trailing twelve-month return on equity of 19.35%.

What ETFs hold Wolfspeed's stock?: ETFs with the largest weight of Wolfspeed (NYSE:WOLF) stock in their portfolio include ALPS Clean Energy ETF (ACES), SPDR S&P Semiconductor ETF (XSD), Future Fund Active ETF (FFND), Future Fund Long/Short ETF (FFLS), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), iShares Future Cloud 5G and Tech ETF (IDAT), Invesco WilderHill Clean Energy ETF (PBW) and MFAM Small-Cap Growth ETF (MFMS).
What guidance has Wolfspeed issued on next quarter's earnings?: Wolfspeed issued an update on its third quarter 2024 earnings guidance on Wednesday, January, 31st. The company provided earnings per share guidance of -0.690--0.570 for the period, compared to the consensus estimate of -0.630. The company issued revenue guidance of $185.0 million-$215.0 million, compared to the consensus revenue estimate of $224.0 million.
Who are Wolfspeed's major shareholders?: Wolfspeed's stock is owned by many different retail and institutional investors. Top institutional shareholders include Portman Square Capital LLP (0.00%), Rheos Capital Works Inc. (0.14%), CWM LLC (0.07%), Perpetual Ltd (0.03%), State of Michigan Retirement System (0.02%) and Green Alpha Advisors LLC (0.02%). 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 4/19/2024 by MarketBeat.com Staff

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Wolfspeed (WOLF) Stock Price, News & Analysis

Wolfspeed MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Wolfspeed Stock (NYSE:WOLF)

WOLF Stock Price History

WOLF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

WOLF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™