WolfspeedWOLF
Market Cap: 2.42B
About: Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries.
Employees: 4,802
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
15% more repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 110
0.99% less ownership
Funds ownership: 109.64% [Q4 2023] → 108.66% (-0.99%) [Q1 2024]
9% less funds holding
Funds holding: 395 [Q4 2023] → 358 (-37) [Q1 2024]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q4 2023] → 5 (-1) [Q1 2024]
32% less capital invested
Capital invested by funds: $5.98B [Q4 2023] → $4.04B (-$1.94B) [Q1 2024]
34% less call options, than puts
Call options by funds: $339M | Put options by funds: $512M
39% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 94
Research analyst outlook
18 Wall Street Analysts provided 1 year price forecasts over the past 6 months
18 analyst ratings
Canaccord Genuity George Gianarikas | 134%upside $45 | Buy Maintained | 25 Jun 2024 |
Morgan Stanley Joseph Moore | 20%upside $23 | Equal-Weight Maintained | 25 Jun 2024 |
Mizuho Vijay Rakesh | 46%upside $28 | Neutral Maintained | 18 Jun 2024 |
Deutsche Bank Robert Sanders | 30%upside $25 | Hold Maintained | 7 May 2024 |
Citigroup Atif Malik | 30%upside $25 | Neutral Maintained | 2 May 2024 |
Financial journalist opinion
Based on 22 articles about WOLF published over the past 30 days