Wolfspeed (NYSE:WOLF) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Wolfspeed (NYSE:WOLF) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning.

Other equities analysts have also recently issued research reports about the company. TD Cowen reiterated a “hold” rating and set a $25.00 target price on shares of Wolfspeed in a research report on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of Wolfspeed in a report on Wednesday, June 24th. Finally, Susquehanna decreased their price target on Wolfspeed from $40.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.00.

Wolfspeed Stock Down 1.7%

Shares of Wolfspeed stock opened at $25.91 on Friday. Wolfspeed has a 52-week low of $8.05 and a 52-week high of $80.82. The company’s 50-day simple moving average is $35.11 and its 200-day simple moving average is $32.72. The firm has a market cap of $1.35 billion and a price-to-earnings ratio of -1.64.

Wolfspeed (NYSE:WOLF) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($2.26) EPS for the quarter, beating analysts’ consensus estimates of ($2.45) by $0.19. The firm had revenue of $149.60 million during the quarter, compared to analyst estimates of $150.00 million. Wolfspeed’s revenue for the quarter was down 24.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.77) EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Concurrent Investment Advisors LLC acquired a new position in shares of Wolfspeed during the 2nd quarter worth $229,000. AXQ Capital LP purchased a new stake in shares of Wolfspeed in the 2nd quarter worth about $208,000. Teza Capital Management LLC acquired a new stake in Wolfspeed in the 2nd quarter valued at about $347,000. Ratan Capital Management LP acquired a new stake in Wolfspeed in the 2nd quarter valued at about $2,467,000. Finally, Panview Capital Ltd purchased a new position in Wolfspeed during the 2nd quarter valued at about $6,952,000.

Key Stories Impacting Wolfspeed

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: Wolfspeed reported fiscal fourth-quarter revenue of approximately $149.6 million, broadly in line with expectations, while its adjusted loss per share was less negative than the consensus estimate cited in the company’s earnings report. The company also highlighted increasing sales opportunities tied to AI data centers and silicon-carbide power devices. Wolfspeed fiscal 2026 fourth-quarter results
• Positive Sentiment: Management forecast first-quarter fiscal 2027 revenue of $140 million to $160 million and pointed to continued potential from AI data-center infrastructure and higher-voltage power systems. Wolfspeed fiscal 2027 revenue outlook
• Neutral Sentiment: TD Cowen reaffirmed a “Hold” rating and assigned a $25 price target, signaling limited near-term upside at recent trading levels. TD Cowen Wolfspeed rating
• Negative Sentiment: The company’s adjusted quarterly loss was described by market coverage as materially wider than expected, while revenue declined about 24% year over year. Wolfspeed also continues to report negative gross margins, increasing concerns about its cash needs and recovery timeline. Wolfspeed quarterly loss and revenue coverage
• Negative Sentiment: Analysts said optimism surrounding 800-volt direct-current data-center applications is largely reflected in the valuation, while profitability may still be years away. Wolfspeed 800-volt outlook
• Negative Sentiment: Put-option activity surged to 82,482 contracts, roughly 138% above average daily volume, indicating elevated bearish hedging or speculation around Wolfspeed’s outlook.

Wolfspeed Company Profile

Wolfspeed, Inc (NYSE: WOLF) is a leading developer and manufacturer of silicon carbide (SiC) and gallium nitride (GaN) semiconductor materials and devices. The company’s product portfolio addresses high-growth markets such as electric vehicles, renewable energy, fast-charging infrastructure, aerospace and defense, and telecommunications. By leveraging proprietary materials and device designs, Wolfspeed delivers solutions that offer improved energy efficiency, higher power density and greater thermal performance compared to conventional silicon-based semiconductors.

Founded as part of Cree, Inc and spun off to form an independent public company in October 2021, Wolfspeed traces its roots to the mid-1980s when it pioneered the commercial use of wide-bandgap semiconductor technology.