Wolfspeed (NYSE:WOLF) Shares Gap Up – Still a Buy?

Wolfspeed, Inc. (NYSE:WOLF) shares gapped up prior to trading on Monday . The stock had previously closed at $20.28, but opened at $21.89. Wolfspeed shares last traded at $21.5960, with a volume of 1,354,196 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wall Street Zen upgraded Wolfspeed to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wolfspeed in a report on Saturday, September 27th. Finally, Susquehanna boosted their price target on Wolfspeed to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $10.50.

Wolfspeed Price Performance

The stock has a 50-day moving average price of $22.40 and a 200-day moving average price of $8.88. The firm has a market capitalization of $567.16 million and a PE ratio of -34.77.

Wolfspeed (NYSE:WOLF) last issued its quarterly earnings results on Wednesday, October 29th. The company reported ($0.63) EPS for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.05. The business had revenue of $196.80 million during the quarter, compared to analysts’ expectations of $195.37 million. Wolfspeed has set its Q2 2026 guidance at EPS. As a group, equities research analysts predict that Wolfspeed, Inc. will post -4 earnings per share for the current fiscal year.

Institutional Trading of Wolfspeed

Several institutional investors have recently added to or reduced their stakes in WOLF. Vanguard Group Inc. raised its stake in shares of Wolfspeed by 18.8% in the 1st quarter. Vanguard Group Inc. now owns 18,913,793 shares of the company’s stock valued at $57,876,000 after purchasing an additional 2,989,503 shares in the last quarter. Primecap Management Co. CA raised its stake in Wolfspeed by 2.2% during the first quarter. Primecap Management Co. CA now owns 6,665,270 shares of the company’s stock valued at $20,396,000 after buying an additional 146,106 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Wolfspeed by 72.7% during the first quarter. Neuberger Berman Group LLC now owns 4,329,584 shares of the company’s stock valued at $13,723,000 after buying an additional 1,822,958 shares in the last quarter. Capital Research Global Investors bought a new position in Wolfspeed during the 3rd quarter worth approximately $79,426,000. Finally, Two Seas Capital LP acquired a new position in shares of Wolfspeed in the 2nd quarter worth approximately $962,000.

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.