Wolfspeed, Inc. (NYSE:WOLF) Shares Bought by Green Alpha Advisors LLC

Green Alpha Advisors LLC grew its holdings in shares of Wolfspeed, Inc. (NYSE:WOLFFree Report) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,142 shares of the company’s stock after acquiring an additional 662 shares during the period. Green Alpha Advisors LLC’s holdings in Wolfspeed were worth $771,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WOLF. TFO Wealth Partners LLC grew its stake in Wolfspeed by 57,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 575 shares of the company’s stock worth $25,000 after purchasing an additional 574 shares in the last quarter. Independence Bank of Kentucky grew its stake in Wolfspeed by 97.0% in the fourth quarter. Independence Bank of Kentucky now owns 711 shares of the company’s stock worth $31,000 after purchasing an additional 350 shares in the last quarter. Rakuten Securities Inc. acquired a new position in Wolfspeed in the fourth quarter worth about $48,000. GAMMA Investing LLC acquired a new position in Wolfspeed in the fourth quarter worth about $56,000. Finally, Garner Asset Management Corp acquired a new position in Wolfspeed in the fourth quarter worth about $198,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WOLF shares. Mizuho lifted their price target on Wolfspeed from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of Wolfspeed from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Wolfspeed from $30.00 to $25.00 and set a “hold” rating on the stock in a research report on Tuesday, May 7th. William Blair lowered shares of Wolfspeed from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 2nd. Finally, Roth Mkm reiterated a “buy” rating and set a $50.00 price objective on shares of Wolfspeed in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Wolfspeed presently has a consensus rating of “Hold” and a consensus target price of $36.36.

View Our Latest Report on WOLF

Insider Transactions at Wolfspeed

In other Wolfspeed news, Director Marvin Riley bought 1,866 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price of $27.05 per share, with a total value of $50,475.30. Following the completion of the purchase, the director now directly owns 13,297 shares in the company, valued at approximately $359,683.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

Wolfspeed Stock Down 8.6 %

Shares of WOLF stock traded down $2.24 on Thursday, hitting $23.76. The company’s stock had a trading volume of 6,829,594 shares, compared to its average volume of 4,433,059. The company has a debt-to-equity ratio of 5.55, a current ratio of 4.58 and a quick ratio of 4.00. Wolfspeed, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $70.42. The firm’s fifty day moving average price is $25.98 and its 200-day moving average price is $30.36. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of -3.77 and a beta of 1.60.

Wolfspeed (NYSE:WOLFGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported ($0.79) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.82) by $0.03. The firm had revenue of $200.70 million during the quarter, compared to analyst estimates of $201.49 million. Wolfspeed had a negative net margin of 96.12% and a negative return on equity of 27.37%. Research analysts anticipate that Wolfspeed, Inc. will post -3.13 EPS for the current year.

About Wolfspeed

(Free Report)

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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Institutional Ownership by Quarter for Wolfspeed (NYSE:WOLF)

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