Wall Street Zen Upgrades Wolfspeed (NYSE:WOLF) to Hold

Wolfspeed (NYSE:WOLF) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Several other brokerages have also recently weighed in on WOLF. Susquehanna increased their price target on Wolfspeed to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wolfspeed in a research note on Saturday, September 27th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $10.50.

Wolfspeed Stock Performance

WOLF stock opened at $17.18 on Friday. The company has a market capitalization of $444.93 million and a P/E ratio of -27.28. The company has a fifty day moving average price of $20.66 and a 200-day moving average price of $8.25. Wolfspeed has a 52-week low of $8.05 and a 52-week high of $36.60.

Wolfspeed (NYSE:WOLF) last posted its quarterly earnings data on Wednesday, October 29th. The company reported ($0.63) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.05. The company had revenue of $196.80 million during the quarter, compared to analyst estimates of $195.37 million. Wolfspeed has set its Q2 2026 guidance at EPS. As a group, sell-side analysts forecast that Wolfspeed will post -4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new stake in Wolfspeed during the third quarter worth approximately $8,560,000. Polymer Capital Management HK LTD acquired a new position in Wolfspeed in the third quarter valued at approximately $582,000. Qube Research & Technologies Ltd acquired a new stake in shares of Wolfspeed during the 3rd quarter worth approximately $4,322,000. Militia Capital Partners LP acquired a new stake in shares of Wolfspeed during the 3rd quarter worth approximately $744,000. Finally, Anson Funds Management LP bought a new stake in shares of Wolfspeed in the 3rd quarter valued at $1,235,000.

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.