DekaBank Deutsche Girozentrale Takes $28,000 Position in Wolfspeed, Inc. $WOLF

DekaBank Deutsche Girozentrale bought a new stake in Wolfspeed, Inc. (NYSE:WOLF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 72,690 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WOLF. GAMMA Investing LLC raised its stake in shares of Wolfspeed by 126.7% in the first quarter. GAMMA Investing LLC now owns 17,158 shares of the company’s stock valued at $53,000 after acquiring an additional 9,589 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Wolfspeed by 18.8% in the first quarter. State of Alaska Department of Revenue now owns 86,200 shares of the company’s stock valued at $263,000 after acquiring an additional 13,618 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Wolfspeed by 372.0% in the first quarter. Asset Management One Co. Ltd. now owns 31,404 shares of the company’s stock valued at $96,000 after acquiring an additional 24,751 shares during the period. Verity Asset Management Inc. purchased a new stake in shares of Wolfspeed in the first quarter valued at $159,000. Finally, Amalgamated Bank raised its stake in shares of Wolfspeed by 18.8% in the first quarter. Amalgamated Bank now owns 46,877 shares of the company’s stock valued at $143,000 after acquiring an additional 7,411 shares during the period.

Wolfspeed Trading Up 4.3%

Shares of Wolfspeed stock opened at $30.85 on Tuesday. Wolfspeed, Inc. has a 1 year low of $8.05 and a 1 year high of $36.60. The firm’s 50-day moving average is $13.30 and its two-hundred day moving average is $5.91.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WOLF shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Wolfspeed in a research note on Saturday, September 27th. Susquehanna upped their price target on shares of Wolfspeed to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen cut shares of Wolfspeed from a “hold” rating to a “sell” rating in a report on Sunday. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Wolfspeed presently has a consensus rating of “Reduce” and an average price target of $11.78.

Wolfspeed Company Profile

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.