Wolfspeed (NYSE:WOLF) Stock Lifted to Sell by Wall Street Zen

Wall Street Zen upgraded shares of Wolfspeed (NYSE:WOLF) from a strong sell rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the company. Zacks Research upgraded Wolfspeed to a “hold” rating in a research report on Friday, September 25th. TD Cowen cut their price objective on Wolfspeed from $25.00 to $23.00 and set a “hold” rating for the company in a report on Thursday. Weiss Ratings lowered Wolfspeed from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 23rd. Finally, Susquehanna decreased their price objective on Wolfspeed from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 21st. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Wolfspeed has an average rating of “Hold” and a consensus price target of $22.67.

Wolfspeed Price Performance

Shares of WOLF opened at $23.79 on Friday. Wolfspeed has a 1-year low of $13.48 and a 1-year high of $80.82. The company has a market capitalization of $1.26 billion, a P/E ratio of -1.67 and a beta of 8.67. The firm’s 50 day simple moving average is $26.29 and its 200 day simple moving average is $30.19.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. boosted its holdings in Wolfspeed by 96.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,429 shares of the company’s stock valued at $40,000 after acquiring an additional 703 shares during the period. Royal Bank of Canada purchased a new position in Wolfspeed in the 1st quarter worth approximately $89,000. FNY Investment Advisers LLC bought a new stake in Wolfspeed in the second quarter valued at approximately $204,000. AXQ Capital LP bought a new stake in Wolfspeed in the second quarter valued at approximately $208,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of Wolfspeed during the second quarter valued at approximately $229,000.

More Wolfspeed News

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 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.