Wolfspeed (NYSE:WOLF) Shares Up 7.4% – What’s Next?

Wolfspeed, Inc. (NYSE:WOLF)’s share price shot up 7.4% during trading on Tuesday . The stock traded as high as $19.95 and last traded at $19.3930. 419,470 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 4,336,848 shares. The stock had previously closed at $18.06.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WOLF shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wolfspeed in a research note on Saturday, September 27th. Susquehanna upped their price objective on Wolfspeed to $30.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised Wolfspeed to a “hold” rating in a report on Saturday, November 22nd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $10.50.

Wolfspeed Price Performance

The stock has a 50-day moving average of $21.67 and a 200-day moving average of $8.60. The firm has a market cap of $535.63 million and a price-to-earnings ratio of -32.84.

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

Institutional Trading of Wolfspeed

A number of institutional investors and hedge funds have recently made changes to their positions in WOLF. N.E.W. Advisory Services LLC bought a new position in Wolfspeed in the first quarter valued at approximately $28,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Wolfspeed during the 2nd quarter worth $28,000. Caitlin John LLC acquired a new position in shares of Wolfspeed during the 2nd quarter worth $31,000. MAI Capital Management lifted its position in shares of Wolfspeed by 894.9% during the 1st quarter. MAI Capital Management now owns 10,815 shares of the company’s stock worth $33,000 after buying an additional 9,728 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Wolfspeed in the second quarter valued at about $34,000.

About Wolfspeed

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.