Wolfspeed, Inc. (WOLF)
| Market Cap | 5.45B |
| Revenue (ttm) | 878.00M |
| Net Income (ttm) | -699.40M |
| Shares Out | 125.33M |
| EPS (ttm) | -5.60 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,336,509 |
| Open | 45.33 |
| Previous Close | 45.47 |
| Day's Range | 43.50 - 45.68 |
| 52-Week Range | 27.35 - 87.93 |
| Beta | 1.65 |
| Analysts | Buy |
| Price Target | 47.71 (+9.65%) |
| Earnings Date | Jan 24, 2024 |
About WOLF
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. The company also provides power devices, such as silicon carbide Schottky diodes, metal oxide semiconductor field ... [Read more]
Financial Performance
In 2023, Wolfspeed's revenue was $921.90 million, an increase of 23.55% compared to the previous year's $746.20 million. Losses were -$329.90 million, 64.2% more than in 2022.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for WOLF stock is "Buy." The 12-month stock price forecast is $47.71, which is an increase of 9.65% from the latest price.
News
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / December 21, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, In...
SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / December 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, In...
Wolfspeed Completes Sale of RF Business to MACOM
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced it completed the sale of its radio frequency business (“Wolfspeed RF”) to MACOM Technology Solutions Holdings, Inc. (Nasdaq:...
Wolfspeed To Participate in Upcoming Investor Conferences
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today announced that Neill Reynolds, chief financial officer, will be participating in fir...
Wolfspeed stock soars on record Q1 revenue, growth
Shares of American chipmaker Wolfspeed (WOLF) are skyrocketing Tuesday morning after reporting fiscal first-quarter earnings for 2024, citing four percent year-over-year growth. Yahoo Finance Live obs...
Wolfspeed's stock gains as company notches smaller loss than expected
Wolfspeed Inc. shares rose 8% in after-hours trading Monday after the silicon-carbide company forecast a slimmer-than-expected loss for its ongoing quarter.
Wolfspeed Reports Financial Results for the First Quarter of Fiscal Year 2024
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the first quarter of fiscal 2024. Quarterly Financial Highlights (Continuing operations only. All comparison...
Cree Lighting Introduces Guideway™ Series Street Light to Deliver Levels of Performance and Visual Comfort Previously Out of Reach
RACINE, Wis.--(BUSINESS WIRE)--Cree Lighting today announced the introduction of the all-new Guideway™ Series Street Light, featuring NanoComfort™ Technology, designed to fundamentally shift customer ...
Wolfspeed Appoints Thomas Werner as New Board Chair
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, announced today that Thomas Werner, a board member since 2006, has been elected the new Ch...
Can These 3 Semiconductor Stocks Outpace Nvidia's Growth?
Nvidia Corp. NASDAQ: NVDA has been the S&P 500's big winner this year on the strength of its AI chips, but other chip stocks are also going along for the ride.
Wolfspeed, Inc. Announces Date of Fiscal First Quarter Earnings Call for October 30th, 2023
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, will conduct a conference call and audio webcast to discuss its fiscal first quarter 2024 ...
INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / October 6, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc....
5 Short Squeeze Candidates With Catalysts For Rebounds
A look at the short sale lists is always interesting because there are usually as many names worthy of buying as selling. Marketbeat.com's list of high-short-interest stocks is no different than usual...
INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / September 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, I...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Wolfspeed, Inc. - WOLF
NEW YORK , Sept. 13, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or the "Company") (NYSE: WOLF).
INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / September 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, I...
INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / August 25, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc....
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Wolfspeed, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / August 23, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc....
MACOM Buys Wolfspeed's Radio Frequency Business for $125 Million
Wolfspeed (WOLF) agreed to sell its radio frequency business, Wolfspeed RF, to semiconductor products supplier MACOM Technology Solutions (MTSI) for $125 million, the companies announced on Tuesday.
Wolfspeed to Sell RF Business to MACOM for $125 Million
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) today announced that Wolfspeed has entered into a definitive agreement to sell its radio frequency business (Wolfspeed RF) to MACOM Technolo...
Three-Stock Lunch: CHK, CSCO & WOLF
Danielle Shay, Simpler Trading VP of options, joins ‘Power Lunch' to discuss three stocks: Chesapeake Energy, CISCO and Wolfspeed.
Wolfspeed's stock sinks as chip maker remains a ‘show-me' story after a confusing quarter
Wolfspeed Inc. shares dropped Thursday after Wall Street analysts reflected on a confusing quarter from the maker of silicon-carbide chips as it struggles to ramp up contributions from a major fabrica...
Stock market movers August 17, 2023: Wolfspeed plunging, Adobe upgraded to Buy, Ball Corp pops
Investors and bond markets continue to react to the Fed's latest FOMC meeting minutes and inflation data. Semiconductor company Wolfspeed's (WOLF) stock declines after forecasting further losses.
Wolfspeed Stock Falls After Electric Vehicle Chip Maker Disappoints on Guidance
Wolfspeed, whose chips are used in electric vehicles and clean energy, said that costs of building new factories has been “significant” for facilities that aren't yet generating revenue.
Wolfspeed's stock sinks as silicon-carbide chip company sees swelling losses
Wolfspeed Inc. shares were falling 13% in Wednesday's after-hours action after the company posted a wider-than-expected loss for the latest quarter and also forecast steeper-than-anticipated losses in...