Wolfspeed (NYSE:WOLF) Stock Price Up 12.3% – Should You Buy?

Shares of Wolfspeed, Inc. (NYSE:WOLF) rose 12.3% on Wednesday . The stock traded as high as $19.81 and last traded at $19.5440. Approximately 1,778,649 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 5,242,493 shares. The stock had previously closed at $17.40.

Analyst Ratings Changes

WOLF has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wolfspeed in a research note on Saturday, September 27th. Susquehanna increased their price objective on shares of Wolfspeed to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Wolfspeed from a “sell” rating to a “hold” rating in a research note on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Wolfspeed currently has an average rating of “Reduce” and a consensus target price of $9.86.

Wolfspeed Stock Performance

The stock has a market cap of $504.69 million and a PE ratio of -30.98. The firm has a fifty day moving average price of $18.05 and a 200 day moving average price of $7.52.

Wolfspeed (NYSE:WOLF) last announced its earnings results on Wednesday, October 29th. The company reported ($0.63) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.05. The business had revenue of $196.80 million for the quarter, compared to analyst estimates of $195.37 million. Wolfspeed has set its Q2 2026 guidance at EPS. On average, equities research analysts forecast that Wolfspeed, Inc. will post -4 earnings per share for the current year.

Institutional Trading of Wolfspeed

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its holdings in shares of Wolfspeed by 176.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,380,499 shares of the company’s stock worth $4,224,000 after buying an additional 881,603 shares during the last quarter. South Dakota Investment Council increased its position in shares of Wolfspeed by 121.8% in the 1st quarter. South Dakota Investment Council now owns 1,591,056 shares of the company’s stock valued at $4,869,000 after acquiring an additional 873,574 shares during the period. Nuveen LLC purchased a new position in Wolfspeed in the 1st quarter worth $1,365,000. Jump Financial LLC acquired a new stake in Wolfspeed during the 1st quarter worth about $4,402,000. Finally, GMT Capital Corp purchased a new stake in Wolfspeed during the 1st quarter valued at about $2,593,000.

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.