Wolfspeed (NYSE:WOLF – Get Free Report) had its price target dropped by analysts at Deutsche Bank Aktiengesellschaft from $30.00 to $25.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 2.54% from the company’s previous close.
Other analysts also recently issued research reports about the company. Piper Sandler dropped their price objective on Wolfspeed from $55.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. Canaccord Genuity Group dropped their price objective on Wolfspeed from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Susquehanna dropped their price objective on Wolfspeed from $25.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Citigroup dropped their price objective on Wolfspeed from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Finally, TD Cowen downgraded Wolfspeed from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $25.00 in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Wolfspeed has a consensus rating of “Hold” and a consensus target price of $36.93.
Check Out Our Latest Stock Analysis on WOLF
Wolfspeed Stock Up 0.5 %
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. TFO Wealth Partners LLC grew its holdings in shares of Wolfspeed by 57,400.0% during the fourth quarter. TFO Wealth Partners LLC now owns 575 shares of the company’s stock valued at $25,000 after buying an additional 574 shares in the last quarter. Independence Bank of Kentucky grew its holdings in shares of Wolfspeed by 97.0% during the fourth quarter. Independence Bank of Kentucky now owns 711 shares of the company’s stock valued at $31,000 after buying an additional 350 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in Wolfspeed during the fourth quarter valued at $48,000. Fifth Third Bancorp boosted its position in Wolfspeed by 56.9% during the first quarter. Fifth Third Bancorp now owns 1,246 shares of the company’s stock valued at $37,000 after purchasing an additional 452 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Wolfspeed during the fourth quarter valued at $56,000.
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.
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