Wolfspeed, Inc. (WOLF)

NYSE: WOLF · IEX Real-Time Price · USD
39.89
+1.64 (4.29%)
Dec 7, 2023, 4:00 PM EST - Market closed
4.29%
Market Cap 5.00B
Revenue (ttm) 878.00M
Net Income (ttm) -699.40M
Shares Out 125.33M
EPS (ttm) -5.60
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 3,351,247
Open 38.18
Previous Close 38.25
Day's Range 38.06 - 39.98
52-Week Range 27.35 - 87.93
Beta 1.65
Analysts Buy
Price Target 47.71 (+19.6%)
Earnings Date Jan 24, 2024

About 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 ... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Feb 8, 1993
Employees 4,802
Stock Exchange NYSE
Ticker Symbol WOLF
Full Company Profile

Financial Performance

In 2023, Wolfspeed's revenue was $921.90 million, an increase of 23.55% compared to the previous year's $746.20 million. Losses were -$329.90 million, 64.2% more than in 2022.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for WOLF stock is "Buy." The 12-month stock price forecast is $47.71, which is an increase of 19.60% from the latest price.

Price Target
$47.71
(19.60% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Wolfspeed Completes Sale of RF Business to MACOM

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced it completed the sale of its radio frequency business (“Wolfspeed RF”) to MACOM Technology Solutions Holdings, Inc. (Nasdaq:...

Other symbols: MTSI
3 days ago - Business Wire

Wolfspeed To Participate in Upcoming Investor Conferences

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today announced that Neill Reynolds, chief financial officer, will be participating in fir...

10 days ago - Business Wire

Wolfspeed stock soars on record Q1 revenue, growth

Shares of American chipmaker Wolfspeed (WOLF) are skyrocketing Tuesday morning after reporting fiscal first-quarter earnings for 2024, citing four percent year-over-year growth. Yahoo Finance Live obs...

5 weeks ago - Yahoo Finance

Wolfspeed's stock gains as company notches smaller loss than expected

Wolfspeed Inc. shares rose 8% in after-hours trading Monday after the silicon-carbide company forecast a slimmer-than-expected loss for its ongoing quarter.

5 weeks ago - Market Watch

Wolfspeed Reports Financial Results for the First Quarter of Fiscal Year 2024

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the first quarter of fiscal 2024. Quarterly Financial Highlights (Continuing operations only. All comparison...

5 weeks ago - Business Wire

Cree Lighting Introduces Guideway™ Series Street Light to Deliver Levels of Performance and Visual Comfort Previously Out of Reach

RACINE, Wis.--(BUSINESS WIRE)--Cree Lighting today announced the introduction of the all-new Guideway™ Series Street Light, featuring NanoComfort™ Technology, designed to fundamentally shift customer ...

5 weeks ago - Business Wire

Wolfspeed Appoints Thomas Werner as New Board Chair

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, announced today that Thomas Werner, a board member since 2006, has been elected the new Ch...

6 weeks ago - Business Wire

Can These 3 Semiconductor Stocks Outpace Nvidia's Growth?

Nvidia Corp. NASDAQ: NVDA has been the S&P 500's big winner this year on the strength of its AI chips, but other chip stocks are also going along for the ride.

Other symbols: MUSITM
6 weeks ago - MarketBeat

Wolfspeed, Inc. Announces Date of Fiscal First Quarter Earnings Call for October 30th, 2023

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 fiscal first quarter 2024 ...

2 months ago - Business Wire

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 6, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc....

2 months ago - Accesswire

5 Short Squeeze Candidates With Catalysts For Rebounds

A look at the short sale lists is always interesting because there are usually as many names worthy of buying as selling. Marketbeat.com's list of high-short-interest stocks is no different than usual...

Other symbols: ENVXKSSWSMRH
2 months ago - MarketBeat

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / September 29, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, I...

2 months ago - Accesswire

INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / September 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, I...

2 months ago - Accesswire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Wolfspeed, Inc. - WOLF

NEW YORK , Sept. 13, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or the "Company") (NYSE: WOLF).

3 months ago - PRNewsWire

INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / September 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, I...

3 months ago - Accesswire

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 25, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc....

3 months ago - Accesswire

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 23, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc....

3 months ago - Accesswire

MACOM Buys Wolfspeed's Radio Frequency Business for $125 Million

Wolfspeed (WOLF) agreed to sell its radio frequency business, Wolfspeed RF, to semiconductor products supplier MACOM Technology Solutions (MTSI) for $125 million, the companies announced on Tuesday.

Other symbols: MTSI
3 months ago - Investopedia

Wolfspeed to Sell RF Business to MACOM for $125 Million

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced that Wolfspeed has entered into a definitive agreement to sell its radio frequency business (Wolfspeed RF) to MACOM Technolo...

Other symbols: MTSI
3 months ago - Business Wire

Three-Stock Lunch: CHK, CSCO & WOLF

Danielle Shay, Simpler Trading VP of options, joins ‘Power Lunch' to discuss three stocks: Chesapeake Energy, CISCO and Wolfspeed.

Other symbols: CHKCSCO
4 months ago - CNBC Television

Wolfspeed's stock sinks as chip maker remains a ‘show-me' story after a confusing quarter

Wolfspeed Inc. shares dropped Thursday after Wall Street analysts reflected on a confusing quarter from the maker of silicon-carbide chips as it struggles to ramp up contributions from a major fabrica...

4 months ago - Market Watch

Stock market movers August 17, 2023: Wolfspeed plunging, Adobe upgraded to Buy, Ball Corp pops

Investors and bond markets continue to react to the Fed's latest FOMC meeting minutes and inflation data. Semiconductor company Wolfspeed's (WOLF) stock declines after forecasting further losses.

Other symbols: ADBE
4 months ago - Yahoo Finance

Wolfspeed Stock Falls After Electric Vehicle Chip Maker Disappoints on Guidance

Wolfspeed, whose chips are used in electric vehicles and clean energy, said that costs of building new factories has been “significant” for facilities that aren't yet generating revenue.

4 months ago - Barrons

Wolfspeed's stock sinks as silicon-carbide chip company sees swelling losses

Wolfspeed Inc. shares were falling 13% in Wednesday's after-hours action after the company posted a wider-than-expected loss for the latest quarter and also forecast steeper-than-anticipated losses in...

4 months ago - Market Watch

Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2023

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the fourth quarter of fiscal 2023 and the full 2023 fiscal year. Quarterly Financial Highlights (all compari...

4 months ago - Business Wire