4 hours Ago By Defense World Staff
Wolfspeed ( NYSE:WOLF – Free Report ) had its target price reduced by Piper Sandler from $18.00 to $10.00 in a report released on Thursday morning, Benzinga reports.
They currently have an overweight rating on the stock. A number of other analysts have also commented on WOLF. StockNews.
com raised shares of Wolfspeed to a “sell” rating in a report on Monday, January 6th. Susquehanna decreased their price objective on Wolfspeed from $11.00 to $7.
00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Mizuho cut their target price on Wolfspeed from $10.00 to $6.
00 and set an “underperform” rating on the stock in a research note on Tuesday, November 19th. Roth Mkm reduced their target price on Wolfspeed from $25.00 to $20.
00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lowered their price target on Wolfspeed from $19.00 to $17.
00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Wolfspeed presently has an average rating of “Hold” and an average target price of $14.
86. Check Out Our Latest Analysis on WOLF Wolfspeed Stock Up 0.3 % Wolfspeed ( NYSE:WOLF – Get Free Report ) last announced its earnings results on Wednesday, January 29th.
The company reported ($1.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.90) by ($0.
20). Wolfspeed had a negative return on equity of 60.94% and a negative net margin of 125.
96%. On average, research analysts expect that Wolfspeed will post -4.2 earnings per share for the current fiscal year.
Insider Activity In other news, Chairman Thomas H. Werner purchased 37,500 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were purchased at an average cost of $6.
53 per share, with a total value of $244,875.00. Following the completion of the transaction, the chairman now owns 108,549 shares of the company’s stock, valued at $708,824.
97. The trade was a 52.78 % increase in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director Glenda Dorchak acquired 3,592 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was purchased at an average cost of $8.
33 per share, with a total value of $29,921.36. Following the transaction, the director now owns 18,688 shares in the company, valued at approximately $155,671.
04. This trade represents a 23.79 % increase in their ownership of the stock.
The disclosure for this purchase can be found here . Insiders purchased 78,067 shares of company stock worth $524,747 in the last quarter. Corporate insiders own 0.
84% of the company’s stock. Hedge Funds Weigh In On Wolfspeed Several large investors have recently modified their holdings of WOLF. Eastern Bank bought a new stake in shares of Wolfspeed during the 3rd quarter worth about $27,000.
R Squared Ltd bought a new stake in shares of Wolfspeed during the fourth quarter worth approximately $28,000. KBC Group NV boosted its holdings in shares of Wolfspeed by 76.5% during the fourth quarter.
KBC Group NV now owns 6,064 shares of the company’s stock worth $40,000 after acquiring an additional 2,629 shares during the period. GAMMA Investing LLC grew its position in shares of Wolfspeed by 416.4% in the third quarter.
GAMMA Investing LLC now owns 4,544 shares of the company’s stock valued at $44,000 after purchasing an additional 3,664 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of Wolfspeed by 38.1% during the fourth quarter.
Allworth Financial LP now owns 7,060 shares of the company’s stock worth $44,000 after purchasing an additional 1,949 shares during the period. Wolfspeed Company Profile ( Get 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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