Wolfspeed (NYSE:WOLF) Stock Price Up 12% – Time to Buy?

Wolfspeed, Inc. (NYSE:WOLF) shares traded up 12% during trading on Friday. The company traded as high as $22.81 and last traded at $22.7980. Approximately 1,436,814 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 4,254,078 shares. The stock had previously closed at $20.36.

Key Headlines Impacting Wolfspeed

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: Wolfspeed announced a conditional $1.5 billion U.S. Department of War loan commitment intended to advance the domestic wide-bandgap semiconductor supply chain. The funding could support the company’s operations and strategic investments, though it remains conditional. Wolfspeed Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company commercially introduced transparent silicon-carbide technology aimed at augmented-reality and quantum-computing applications, potentially opening up longer-term growth opportunities. Wolfspeed commercially introduces transparent SiC technology
• Neutral Sentiment: Quarterly revenue of $155 million exceeded analysts’ $149.86 million estimate. Wolfspeed also expanded an existing silicon-carbide wafer supply agreement with Infineon to include 200mm wafers and announced a multiyear device-supply agreement. Wolfspeed Reports Financial Results for the First Quarter of Fiscal 2027
• Negative Sentiment: Wolfspeed reported an adjusted loss of $2.03 per share, slightly worse than the $1.99 loss analysts expected. Revenue fell 21.2% year over year, and the loss widened from $0.55 per share in the year-ago quarter—signs that the business still faces substantial challenges. 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 assessment. Wolfspeed Given New $23 Price Target at TD Cowen

Analyst Ratings Changes

A number of equities research analysts have commented on WOLF shares. Weiss Ratings cut shares of Wolfspeed from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 23rd. Wall Street Zen lowered shares of Wolfspeed from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 19th. Zacks Research upgraded shares of Wolfspeed to a “hold” rating in a research report on Friday, September 25th. Susquehanna reduced their price objective on shares of Wolfspeed from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 21st. Finally, TD Cowen decreased their price objective on shares of Wolfspeed from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.67.

Wolfspeed Stock Up 12.9%

The business’s 50 day moving average is $26.35 and its 200 day moving average is $30.17. The company has a market cap of $1.22 billion, a P/E ratio of -1.59 and a beta of 8.67.

Wolfspeed (NYSE:WOLF) last posted its quarterly earnings data on Wednesday, November 4th. The company reported ($2.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the prior year, the business posted ($0.55) EPS. The firm’s quarterly revenue was down 21.2% on a year-over-year basis. As a group, equities research analysts forecast that Wolfspeed, Inc. will post -8.27 EPS for the current year.

Institutional Investors Weigh In On Wolfspeed

Several large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. raised its position in shares of Wolfspeed by 96.8% in the third quarter. SBI Securities Co. Ltd. now owns 1,429 shares of the company’s stock valued at $40,000 after buying an additional 703 shares during the last quarter. Royal Bank of Canada purchased a new position in shares of Wolfspeed in the first quarter worth about $89,000. FNY Investment Advisers LLC acquired a new position in Wolfspeed during the second quarter worth about $204,000. AXQ Capital LP acquired a new position in Wolfspeed during the second quarter worth about $208,000. Finally, Concurrent Investment Advisors LLC acquired a new position in Wolfspeed during the second quarter worth about $229,000.

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.