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

Wolfspeed (NYSE:WOLF) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Several other analysts have also recently weighed in on WOLF. TD Cowen dropped their price objective on Wolfspeed from $25.00 to $23.00 and set a “hold” rating for the company in a report on Thursday. Zacks Research upgraded shares of Wolfspeed to a “hold” rating in a research report on Friday, September 25th. Susquehanna reduced their target price on shares of Wolfspeed from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 21st. Finally, Weiss Ratings lowered Wolfspeed from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.67.

Wolfspeed Price Performance

Shares of NYSE:WOLF opened at $23.79 on Friday. Wolfspeed has a one year low of $13.48 and a one year high of $80.82. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -1.67 and a beta of 8.67. The company’s fifty day moving average price is $26.29 and its 200-day moving average price is $30.19.

Wolfspeed (NYSE:WOLF) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($2.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.99) by ($0.04). The firm had revenue of $155.00 million during the quarter, compared to analyst estimates of $149.86 million. Wolfspeed’s quarterly revenue was down 21.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.55) earnings per share. As a group, equities research analysts expect that Wolfspeed will post -8.27 EPS for the current year.

Hedge Funds Weigh In On Wolfspeed

Hedge funds have recently bought and sold shares of the business. Penn Capital Management Company LLC grew its position in shares of Wolfspeed by 12.4% during the 3rd quarter. Penn Capital Management Company LLC now owns 577,475 shares of the company’s stock worth $16,270,000 after buying an additional 63,500 shares during the period. CenterBook Partners LP bought a new stake in Wolfspeed in the 3rd quarter worth about $2,990,000. Prescott Group Capital Management L.L.C. bought a new position in Wolfspeed in the 3rd quarter worth about $3,094,000. Brooklands Fund Management Ltd bought a new stake in Wolfspeed in the 3rd quarter worth $25,376,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of Wolfspeed in the 3rd quarter worth $246,000.

More Wolfspeed News

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: Wolfspeed announced a $1.5 billion government loan commitment, which could support its funding needs and operations. Article: Wolfspeed’s Latest Quarter: Progress, and a Long Way to Go
• Neutral Sentiment: The company commercially introduced transparent silicon-carbide technology targeting augmented reality and quantum computing. These are potential new markets, though the articles provide no indication of near-term revenue impact. Article: Wolfspeed commercially introduces transparent SiC technology
• Negative Sentiment: Fiscal Q1 2027 results showed a $2.03 per-share loss, missing the $1.99 consensus loss, while revenue fell 21.2% year over year to $155 million. Revenue did exceed analysts’ expectations of $149.86 million, but the deeper loss and declining sales help explain the negative reaction to the report. Article: Wolfspeed Shares Slide After Q1 Earnings Print
• Negative Sentiment: TD Cowen cut its price target from $25 to $23 and maintained a “hold” rating, signaling limited expected upside at the time of its update. Article: Wolfspeed Given New $23 Price Target at TD Cowen

About Wolfspeed

Wolfspeed, Inc is a semiconductor company focused on silicon carbide (SiC) technologies. Its products are designed to support the conversion and management of electrical power in applications that require high efficiency, high voltage, and operation at elevated temperatures.

The company develops and manufactures SiC power devices, including metal-oxide-semiconductor field-effect transistors, diodes, power modules, and related components. It also produces SiC materials such as wafers and epitaxial substrates used by semiconductor manufacturers.