Wolfspeed (NYSE:WOLF) Receives $9.80 Consensus PT from Analysts

Shares of Wolfspeed (NYSE:WOLF) have earned a consensus recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.80.

Wolfspeed Trading Down 8.8%

Shares of NYSE:WOLF opened at $2.48 on Friday. Wolfspeed has a 12-month low of $0.39 and a 12-month high of $17.45. The company has a market capitalization of $388.05 million, a PE ratio of -0.22 and a beta of 1.29. The business has a 50 day moving average of $1.55 and a two-hundred day moving average of $2.40. The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of 30.65.

Institutional Trading of Wolfspeed

Institutional investors and hedge funds have recently made changes to their positions in the business. N.E.W. Advisory Services LLC purchased a new stake in shares of Wolfspeed in the first quarter valued at approximately $28,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Wolfspeed in the second quarter valued at approximately $28,000. Beacon Capital Management LLC purchased a new stake in shares of Wolfspeed in the first quarter valued at approximately $31,000. Caitlin John LLC purchased a new stake in shares of Wolfspeed in the second quarter valued at approximately $31,000. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Wolfspeed in the first quarter valued at approximately $32,000.

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.