Wolfspeed, Inc. (WOLF)

NYSE: WOLF · IEX Real-Time Price · USD
29.50
+0.92 (3.22%)
At close: Mar 28, 2024, 4:00 PM
29.49
-0.01 (-0.03%)
After-hours: Mar 28, 2024, 7:59 PM EDT
3.22%
Market Cap 3.71B
Revenue (ttm) 870.30M
Net Income (ttm) -753.20M
Shares Out 125.80M
EPS (ttm) -6.02
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 3,418,644
Open 28.63
Previous Close 28.58
Day's Range 28.63 - 29.91
52-Week Range 23.54 - 70.42
Beta 1.65
Analysts Buy
Price Target 46.50 (+57.63%)
Earnings Date Apr 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 $46.5, which is an increase of 57.63% from the latest price.

Price Target
$46.5
(57.63% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Wolfspeed Tops Out World's Largest, Most Advanced Silicon Carbide Facility Alongside Senator Thom Tillis, Key Officials

SILER CITY, N.C.--(BUSINESS WIRE)--Today, Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, hosted Senator Thom Tillis (R-NC) and other local officials, community partners...

2 days ago - Business Wire

Wolfspeed Launches New York Semiconductor Registered Apprenticeship Program with Support from the National Institute of Innovation and Technology

Wolfspeed signs first apprentice for Registered Apprenticeship Program to support workforce development for its Mohawk Valley Fab HANOVER, Md. , March 4, 2024 /PRNewswire/ -- Today the National Instit...

24 days ago - PRNewsWire

Wolfspeed To Participate in Upcoming Investor Conference

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today announced that Gregg Lowe, chief executive officer, and Neill Reynolds, chief financ...

27 days ago - Business Wire

Wolfspeed forecasts dour quarterly revenue on weak demand for its semiconductors

Chipmaker Wolfspeed forecast third-quarter revenue below estimates on Wednesday, as slower sales growth for electric vehicles hurt demand for its semiconductors used in them, sending its shares down 2...

2 months ago - Reuters

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

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

2 months ago - Business Wire

Wolfspeed Expands 150mm Silicon Carbide Wafer Supply Agreement with a Leading Global Semiconductor Company

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today announced the expansion of an existing long-term silicon carbide wafer supply agreem...

2 months ago - Business Wire

Infineon and Wolfspeed Expand and Extend Multi-Year Silicon Carbide (SiC) 150mm Wafer Supply Agreement

MUNICH & DURHAM, N.C.--(BUSINESS WIRE)--Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), a global semiconductor leader in power systems and IoT, and Wolfspeed, Inc. (NYSE: WOLF), a global leader in...

Other symbols: IFNNY
2 months ago - Business Wire

Wolfspeed, Inc. Announces Date of Fiscal Second Quarter Earnings Call for January 31st, 2024

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 second quarter 2024...

2 months ago - Business Wire

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 / January 12, 2024 / 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

IMPORTANT INVESTOR 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 / January 9, 2024 / 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

SHAREHOLDER 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 / December 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, In...

3 months ago - Accesswire

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
4 months 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...

4 months 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 months 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 months 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 months 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 months 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...

5 months ago - Business Wire

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 ...

6 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....

6 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...

6 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).

7 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...

7 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....

7 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....

7 months ago - Accesswire