Susquehanna Forecasts Wolfspeed’s Q1 Earnings (NYSE:WOLF)

Wolfspeed, Inc. (NYSE:WOLF) – Equities researchers at Susquehanna issued their Q1 2027 EPS estimates for shares of Wolfspeed in a research report issued on Wednesday, September 23rd. Susquehanna analyst C. Rolland expects that the company will post earnings of ($2.39) per share for the quarter. Susquehanna currently has a “Neutral” rating and a $30.00 target price on the stock. The consensus estimate for Wolfspeed’s current full-year earnings is ($8.27) per share. Susquehanna also issued estimates for Wolfspeed’s Q2 2027 earnings at ($2.31) EPS, FY2027 earnings at ($9.05) EPS and FY2028 earnings at ($7.43) EPS.

Wolfspeed (NYSE:WOLF) last issued its quarterly earnings data on Wednesday, August 19th. The company reported ($2.26) EPS for the quarter, topping the consensus estimate of ($2.45) by $0.19. The business had revenue of $149.60 million for the quarter, compared to analyst estimates of $150.00 million. During the same period in the previous year, the business posted ($0.77) EPS. The business’s quarterly revenue was down 24.1% compared to the same quarter last year.

WOLF has been the subject of several other reports. Wall Street Zen lowered Wolfspeed from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 19th. Weiss Ratings upgraded shares of Wolfspeed from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 24th. TD Cowen reiterated a “hold” rating and issued a $25.00 price target on shares of Wolfspeed in a report on Thursday, August 20th. Finally, Zacks Research raised shares of Wolfspeed to a “hold” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Wolfspeed presently has an average rating of “Hold” and a consensus price target of $25.00.

Wolfspeed Price Performance

Shares of Wolfspeed stock opened at $28.15 on Monday. The company has a market capitalization of $1.49 billion and a P/E ratio of -1.79. The business has a 50-day moving average of $26.89 and a two-hundred day moving average of $34.40. Wolfspeed has a 1 year low of $13.48 and a 1 year high of $80.82.

Hedge Funds Weigh In On Wolfspeed

Hedge funds have recently made changes to their positions in the business. Renesas Electronics America Inc. bought a new stake in shares of Wolfspeed in the second quarter worth $813,126,949. Shah Capital Management grew its position in Wolfspeed by 1,419.5% in the first quarter. Shah Capital Management now owns 508,948 shares of the company’s stock valued at $8,306,000 after purchasing an additional 475,454 shares in the last quarter. SG Americas Securities LLC bought a new position in Wolfspeed in the first quarter valued at $6,671,000. Ardsley Advisory Partners LP acquired a new stake in Wolfspeed in the 4th quarter valued at $2,873,000. Finally, Panview Capital Ltd acquired a new stake in Wolfspeed in the 2nd quarter valued at $6,952,000.

Wolfspeed Company Profile

Wolfspeed, Inc is a semiconductor company focused on silicon carbide and gallium nitride technologies. The company develops and manufactures power semiconductors, materials and related components designed to improve energy efficiency and performance in high-power electrical systems.

Its product portfolio includes silicon carbide materials, discrete power devices, power modules and radio-frequency products. These products serve applications such as electric vehicles, charging infrastructure, renewable energy systems, industrial equipment, telecommunications, aerospace and defense.

Wolfspeed was formerly known as Cree, Inc, which was founded in 1987.