Wolfspeed, Inc. (NYSE:WOLF) Stock Has Average Price Target of $25.00

Wolfspeed, Inc. (NYSE:WOLF) has been given an average rating of “Hold” by the five research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $25.00.

A number of analysts have commented on WOLF shares. Wall Street Zen downgraded shares of Wolfspeed from a “sell” rating to a “strong sell” rating in a report on Saturday, September 19th. Weiss Ratings raised shares of Wolfspeed from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. Susquehanna lowered their target price on Wolfspeed from $40.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. TD Cowen restated a “hold” rating and issued a $25.00 price target on shares of Wolfspeed in a research report on Thursday, August 20th. Finally, Zacks Research upgraded Wolfspeed to a “hold” rating in a research report on Friday, September 25th.

Trending Headlines about Wolfspeed

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: The U.S. Department of Defense conditionally committed up to $1.5 billion in 30-year financing to support Wolfspeed’s domestic production of silicon carbide materials and power devices, as well as research and development. The funding could improve Wolfspeed’s liquidity and help expand capacity for electric vehicles, renewable energy, defense systems and AI-related power infrastructure. Reuters article
• Positive Sentiment: The announcement has reinforced the investment case for Wolfspeed as a potential beneficiary of semiconductor fab expansions and the broader AI data-center buildout. Market commentator Tim Bohen described WOLF as an “unsung” AI-trade opportunity, particularly because power semiconductors are needed to support expanding data-center infrastructure. The Big 3: WOLF, TEAM, HPE
• Neutral Sentiment: The financing remains conditional, so Wolfspeed must satisfy government requirements before receiving the full amount. The agreement also reportedly includes warrants that could allow the government to acquire up to 7.5% of the company’s fully diluted equity, creating potential future shareholder dilution. Proactive Investors article
• Negative Sentiment: Brokerages collectively maintain an average “Hold” rating, indicating that analysts remain cautious despite the financing news. Wolfspeed continues to face significant execution and profitability challenges, including sharply lower year-over-year revenue and substantial expected losses. American Banking News article

Wolfspeed Stock Down 0.2%

Shares of NYSE WOLF opened at $30.54 on Friday. The firm has a 50-day simple moving average of $28.11 and a 200-day simple moving average of $35.21. The stock has a market capitalization of $1.62 billion and a price-to-earnings ratio of -1.94. Wolfspeed has a 52 week low of $13.48 and a 52 week high of $80.82.

Wolfspeed (NYSE:WOLF) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($2.26) earnings per share for the quarter, topping the consensus estimate of ($2.45) by $0.19. The business had revenue of $149.60 million during the quarter, compared to analysts’ expectations of $150.00 million. The business’s quarterly revenue was down 24.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.77) earnings per share. As a group, equities research analysts expect that Wolfspeed will post -8.27 EPS for the current year.

Hedge Funds Weigh In On Wolfspeed

A number of institutional investors have recently added to or reduced their stakes in the stock. Renesas Electronics America Inc. purchased a new position in shares of Wolfspeed during the 2nd quarter worth $813,126,949. Shah Capital Management boosted its position in shares of Wolfspeed by 1,419.5% during the 1st quarter. Shah Capital Management now owns 508,948 shares of the company’s stock valued at $8,306,000 after acquiring an additional 475,454 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Wolfspeed in the first quarter valued at about $6,671,000. Ardsley Advisory Partners LP acquired a new stake in Wolfspeed during the fourth quarter worth about $2,873,000. Finally, Panview Capital Ltd purchased a new position in Wolfspeed during the second quarter worth about $6,952,000.

Wolfspeed Company Profile

Wolfspeed, Inc (NYSE:WOLF) develops and manufactures semiconductor technologies based primarily on silicon carbide, a wide-bandgap material designed to support efficient power conversion and high-temperature operation. Its products are used in applications where reduced energy loss, higher power density and improved thermal performance are important.

The company’s offerings include silicon carbide wafers and materials, power modules, metal-oxide-semiconductor field-effect transistors (MOSFETs), diodes and other power semiconductor devices.