Wolfspeed, Inc. (NYSE:WOLF – Free Report) – Analysts at William Blair cut their Q1 2025 earnings estimates for shares of Wolfspeed in a note issued to investors on Tuesday, October 15th. William Blair analyst J. Dorsheimer now forecasts 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.
Other equities analysts have also recently issued research reports about the company. New Street Research cut Wolfspeed from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a report on Wednesday, August 7th. Canaccord Genuity Group dropped their target price on Wolfspeed from $45.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Mizuho downgraded Wolfspeed from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $17.00 to $8.00 in a research report on Thursday, October 3rd. Bank of America decreased their price target on shares of Wolfspeed from $25.00 to $15.00 and set an “underperform” rating for the company in a research note on Friday, August 23rd. Finally, Piper Sandler cut their price objective on shares of Wolfspeed from $35.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Wolfspeed presently has a consensus rating of “Hold” and a consensus price target of $22.43.
Wolfspeed Trading Down 1.3 %
NYSE:WOLF opened at $16.00 on Friday. The company has a debt-to-equity ratio of 6.99, a current ratio of 4.51 and a quick ratio of 3.85. The business’s 50-day simple moving average is $10.48 and its 200-day simple moving average is $19.35. Wolfspeed has a fifty-two week low of $7.28 and a fifty-two week high of $47.43. The stock has a market capitalization of $2.01 billion, a PE ratio of -2.48 and a beta of 1.52.
Wolfspeed (NYSE:WOLF – Get Free Report) last released its earnings results on Wednesday, August 21st. The company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($1.03) by ($0.03). The business had revenue of $200.70 million for the quarter, compared to analyst estimates of $201.11 million. Wolfspeed had a negative return on equity of 37.76% and a negative net margin of 107.93%.
Hedge Funds Weigh In On Wolfspeed
A number of large investors have recently bought and sold shares of the stock. Mather Group LLC. increased its position 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 acquiring an additional 933 shares during the period. Advisors Asset Management Inc. raised its position in Wolfspeed by 64.8% during the 1st 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 last quarter. Signaturefd LLC raised its position in Wolfspeed by 284.3% during the 2nd quarter. Signaturefd LLC now owns 2,087 shares of the company’s stock valued at $48,000 after purchasing an additional 1,544 shares during the last quarter. Sunbelt Securities Inc. grew its position in shares of Wolfspeed by 34.7% in the 1st 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 last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Wolfspeed during the second quarter valued at approximately $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.
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