Wolfspeed, Inc. (WOLF)

NYSE: WOLF · IEX Real-Time Price · USD
88.88
+3.59 (4.21%)
Aug 12, 2022 10:36 AM EDT - Market open
4.21%
Market Cap 10.99B
Revenue (ttm) 663.50M
Net Income (ttm) -380.90M
Shares Out 123.64M
EPS (ttm) -3.25
PE Ratio n/a
Forward PE n/a
Dividend $0.00 (0.00%)
Ex-Dividend Date n/a
Volume 230,849
Open 86.72
Previous Close 85.29
Day's Range 86.12 - 89.21
52-Week Range 58.07 - 142.33
Beta 1.73
Analysts Buy
Price Target 103.71 (+16.7%)
Earnings Date Aug 15, 2022

About WOLF

Wolfspeed, Inc. provides silicon carbide and gallium nitride (GaN) materials, power devices, and radio frequency (RF) devices based on wide bandgap semiconductor materials and silicon. The company's silicon carbide and GaN materials comprise silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers. It offers silicon carbide materials for customers to manufacture products for RF, power, and other applications. The company's power devices include silicon carbide Schottky diodes, metal oxide semiconductor f... [Read more...]

Industry Semiconductors
IPO Date Feb 8, 1993
CEO Gregg Lowe
Employees 3,466
Stock Exchange NYSE
Ticker Symbol WOLF
Full Company Profile

Financial Performance

In 2021, Wolfspeed's revenue was $525.60 million, an increase of 11.66% compared to the previous year's $470.70 million. Losses were -$523.90 million, 173.3% more than in 2020.

Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for WOLF stock is "Buy." The 12-month stock price forecast is 103.71, which is an increase of 16.69% from the latest price.

Price Target
$103.71
(16.69% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Wolfspeed, Inc. to Report Fourth Quarter Fiscal 2022 Earnings on August 17, 2022

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, will conduct a conference call and audio webcast to discuss its fourth quarter and full year...

3 Top Stocks to Buy Now for Superb Earnings Acceleration

Invest in stocks like Wolfspeed (WOLF), TechnipFMC (FTI) & PattersonUTI Energy (PTEN) at the moment for solid earnings acceleration.

Other symbols: FTIPTEN

Wolfspeed To Participate in Upcoming Investor Conferences

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and production, today announced that members of its senior management team will present at th...

Semiconductor stocks have been hit hard, but many are poised for rapid growth. Here are 15 expected to shine through ...

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What's Striking About Wolfspeed's New Silicon Carbide Fab In Marcy, New York

Wolfspeed's new silicon carbide fab in Marcy, New York will make power semiconductors that are critical to future EVs and electrifiication. It also has some striking features.

3 Must-Buy Stocks for Solid Earnings Acceleration

Invest in stocks like Bank of N.T. Butterfield & Son (NTB), Wolfspeed (WOLF) & Spirit AeroSystems (SPR) at the moment for solid earnings acceleration.

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Buy this semiconductor stock for a 50% return over the next 12 months

Shares of Wolfspeed Inc (NYSE: WOLF) closed more than 10% up after a Goldman Sachs analyst turned bullish on the Durham-based company, which produces specialty semiconductors that are broadly used in el...

Why Wolfspeed Was a Howler of a Stock Today

An analyst's glowing note shines a light on the specialty chip maker.

2 Stocks for 3 Problems: Climate Change, Recession, and Inflation

SolarEdge and Wolfspeed stock aresolid hedges against recession to consider, according to Oppenheimer.

Other symbols: SEDG

Wolfspeed Announces Appointment of New Global Sales and Marketing Leadership

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced the promotion of Rick Madormo to Senior Vice President of Sales and Marketin...

Rhombus Energy Solutions to Leverage Wolfspeed's Silicon Carbide Devices for Faster EV Charging Infrastructure

DURHAM, N.C. & SAN DIEGO--(BUSINESS WIRE)--Rhombus Energy Solutions, a leader in electric vehicle (EV) charging and power conversion technology, today announced that Wolfspeed, Inc., (NYSE: WOLF), the g...

Kevin Landis: these two stocks can grow through a recession

The U.S. economy is headed for a recession that warrants switching to high growth stocks, says the CEO of Firsthand Funds. The U.S. GDP fell at an annualised pace of 1.4% in the first quarter of 2022.

Other symbols: ROKU

Why Wolfspeed Plunged Today

The silicon carbide producer fell after its first-quarter earnings report came in a little light.

Wolfspeed's Revenue Takes a Hit From China Shutdowns

The semiconductor company reports quarterly sales that missed Wall Street estimates.

Wolfspeed (WOLF) Reports Q3 Loss, Misses Revenue Estimates

Wolfspeed (WOLF) delivered earnings and revenue surprises of 14.29% and 1.28%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Wolfspeed Reports Financial Results for the Third Quarter of Fiscal Year 2022

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), formerly known as Cree, Inc., today announced revenue of $188.0 million for its third quarter of fiscal 2022, ended March 27, 2022. This repr...

Wolfspeed Opens the World's Largest 200mm Silicon Carbide Fab Enabling Highly Anticipated Device Production

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and production, today officially opened its state-of-the-art, Mohawk Valley Silicon Carbide f...

Lucid Motors Integrates Wolfspeed's Silicon Carbide Semiconductors into the Award-Winning Lucid Air

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced that Lucid Motors deploys its Silicon Carbide power device solutions in the automa...

Wolfspeed, Inc. to Report Third Quarter Fiscal 2022 Earnings on May 4, 2022

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, will conduct a conference call and audio webcast to discuss its third quarter fiscal 2022 re...

Wolfspeed ignites the silicon carbide race

Wolfspeed CEO Gregg Lowe explains the benefits silicon carbide technology on 'The Claman Countdown.' #FOXBusiness #TheClamanCountdown Subscribe to Fox Business!

Wolfspeed Adds to Global Operations Leadership Team to Support Rapid Company Growth

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced that Jeff Ferraro has joined the company as Vice President of Enterprise Sup...

10 Best Green Energy Stocks for 2022

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Wolfspeed Co-Founder and Chief Technology Officer, Dr. John Palmour Elected to the National Academy of Engineering

DURHAM, N.C.--(BUSINESS WIRE)--The National Academy of Engineering has elected Wolfspeed, Inc. (NYSE: WOLF) co-founder and Chief Technology Officer (CTO) Dr. John Palmour into the organization's 2022 cl...