2 weeks Ago By Defense World Staff
Wolfspeed, Inc. ( NYSE:WOLF – Get Free Report ) has been assigned an average rating of “Hold” from the sixteen brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and four have assigned a buy recommendation to the company.
The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $24.53. A number of brokerages recently weighed in on WOLF.
Susquehanna decreased their price objective on Wolfspeed from $23.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, August 22nd.
Deutsche Bank Aktiengesellschaft lowered their price target on shares of Wolfspeed from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Thursday, August 22nd.
Oppenheimer reissued a “market perform” rating on shares of Wolfspeed in a research report on Tuesday, July 9th. New Street Research lowered shares of Wolfspeed from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock.
in a report on Wednesday, August 7th. Finally, Canaccord Genuity Group decreased their price objective on Wolfspeed from $45.00 to $25.
00 and set a “buy” rating for the company in a report on Thursday, August 29th. View Our Latest Report on WOLF Wolfspeed Price Performance Wolfspeed ( NYSE:WOLF – Get Free Report ) last posted its earnings results on Wednesday, August 21st. The company reported ($1.
06) EPS for the quarter, missing analysts’ consensus estimates of ($1.03) by ($0.03).
Wolfspeed had a negative net margin of 107.93% and a negative return on equity of 37.76%.
The business had revenue of $200.70 million for the quarter, compared to analysts’ expectations of $201.11 million.
On average, equities research analysts anticipate that Wolfspeed will post -3.84 earnings per share for the current fiscal year. Institutional Inflows and Outflows Institutional investors and hedge funds have recently added to or reduced their stakes in the business.
Vanguard Group Inc. raised its holdings in Wolfspeed by 3.6% in the 1st quarter.
Vanguard Group Inc. now owns 13,079,067 shares of the company’s stock worth $385,832,000 after purchasing an additional 449,732 shares during the period. Primecap Management Co.
CA lifted its position in shares of Wolfspeed by 15.3% during the 2nd quarter. Primecap Management Co.
CA now owns 6,045,310 shares of the company’s stock valued at $137,591,000 after buying an additional 800,540 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Wolfspeed by 14.3% in the 2nd quarter.
Bank of New York Mellon Corp now owns 1,177,332 shares of the company’s stock valued at $26,796,000 after acquiring an additional 147,527 shares during the period. Samlyn Capital LLC increased its holdings in Wolfspeed by 51.6% in the 2nd quarter.
Samlyn Capital LLC now owns 1,009,137 shares of the company’s stock worth $22,968,000 after acquiring an additional 343,277 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in Wolfspeed during the fourth quarter worth $34,808,000. 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. Featured Articles Five stocks we like better than Wolfspeed 3 Fintech Stocks With Good 2021 Prospects CarMax’s Impressive Rally: What Investors Should Watch Next Market Cap Calculator: How to Calculate Market Cap MarketBeat Week in Review – 9/23 – 9/27 How to Calculate Retirement Income: MarketBeat’s Calculator Wake Up to This Biotech Stock That Still Has Big Potential Upside Receive News & Ratings for Wolfspeed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolfspeed and related companies with MarketBeat.com's FREE daily email newsletter .
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