WolfspeedWOLF Market cap $1.2B
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 its revenue from Europe and the rest from the United States, China, Hong Kong, Asia Pacific, and other regions.
Employees: 5,013
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0.39% more ownership
Funds ownership: 110.97% [Q1] → 111.36% (+0.39%) [Q2]
3% less repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 119
7% less funds holding
Funds holding: 363 [Q1] → 339 (-24) [Q2]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]
23% less capital invested
Capital invested by funds: $4.12B [Q1] → $3.19B (-$932M) [Q2]
29% less call options, than puts
Call options by funds: $240M | Put options by funds: $336M
39% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 62
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Mizuho Vijay Rakesh 54% 1-year accuracy 34 / 63 met price target | 16%downside $8 | Underperform Downgraded | 3 Oct 2024 |
Canaccord Genuity George Gianarikas 50% 1-year accuracy 4 / 8 met price target | 164%upside $25 | Buy Maintained | 29 Aug 2024 |
B of A Securities Vivek Arya 52% 1-year accuracy 23 / 44 met price target | 58%upside $15 | Underperform Maintained | 23 Aug 2024 |
Deutsche Bank Robert Sanders 0 / 0 met price target | 48%upside $14 | Hold Maintained | 22 Aug 2024 |
TD Cowen Matthew Ramsay 55% 1-year accuracy 6 / 11 met price target | 58%upside $15 | Hold Maintained | 22 Aug 2024 |
Financial journalist opinion
Based on 48 articles about WOLF published over the past 30 days