CenterBook Partners LP Purchases New Position in Wolfspeed, Inc. $WOLF

CenterBook Partners LP purchased a new stake in shares of Wolfspeed, Inc. (NYSE:WOLF) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 106,276 shares of the company’s stock, valued at approximately $2,990,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. grew its holdings in Wolfspeed by 96.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,429 shares of the company’s stock worth $40,000 after buying an additional 703 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Wolfspeed in the 2nd quarter valued at approximately $204,000. AXQ Capital LP acquired a new stake in Wolfspeed in the 2nd quarter valued at approximately $208,000. Concurrent Investment Advisors LLC bought a new stake in Wolfspeed during the 2nd quarter valued at $229,000. Finally, Royal Bank of Canada bought a new stake in Wolfspeed during the 1st quarter valued at $89,000.

Analyst Upgrades and Downgrades

WOLF has been the subject of a number of analyst reports. Wall Street Zen upgraded Wolfspeed from a “strong sell” rating to a “sell” rating in a research report on Saturday. Weiss Ratings lowered Wolfspeed from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 23rd. Susquehanna lowered their price target on Wolfspeed from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 21st. TD Cowen cut their price objective on shares of Wolfspeed from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Zacks Research upgraded shares of Wolfspeed to a “hold” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $22.67.

Key Headlines Impacting Wolfspeed

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

Wolfspeed Price Performance

Wolfspeed stock opened at $23.79 on Friday. The firm has a 50 day simple moving average of $26.29 and a 200-day simple moving average of $30.19. The stock has a market capitalization of $1.26 billion, a PE ratio of -1.67 and a beta of 8.67. Wolfspeed, Inc. has a 12-month low of $13.48 and a 12-month high of $80.82.

Wolfspeed (NYSE:WOLF) last announced its earnings results on Wednesday, November 4th. The company reported ($2.03) EPS for the quarter, missing the consensus estimate of ($1.99) by ($0.04). The company had revenue of $155.00 million during the quarter, compared to analysts’ expectations of $149.86 million. During the same quarter last year, the firm posted ($0.55) earnings per share. Wolfspeed’s quarterly revenue was down 21.2% compared to the same quarter last year. On average, analysts forecast that Wolfspeed, Inc. will post -8.27 earnings per share for the current fiscal year.

Wolfspeed Company Profile

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.