Wolfspeed (NYSE:WOLF) Releases Q1 Earnings Guidance

Wolfspeed (NYSE:WOLF) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $(1.09)-$(0.90) for the period, compared to the consensus EPS estimate of ($0.86). The company issued revenue guidance of $185-215 million, compared to the consensus revenue estimate of $209.96 million. Wolfspeed also updated its Q1 2025 guidance to -1.090–0.900 EPS.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Mizuho raised their price target on Wolfspeed from $27.00 to $28.00 and gave the stock a neutral rating in a report on Tuesday, June 18th. Roth Mkm reaffirmed a buy rating and issued a $50.00 price objective on shares of Wolfspeed in a report on Tuesday, April 30th. New Street Research lowered Wolfspeed from a buy rating to a neutral rating and set a $18.00 price target on the stock. in a research note on Wednesday, August 7th. Morgan Stanley decreased their price target on Wolfspeed from $23.00 to $15.00 and set an equal weight rating on the stock in a research note on Thursday, August 15th. Finally, Citigroup decreased their price target on Wolfspeed from $29.00 to $25.00 and set a neutral rating on the stock in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Wolfspeed has a consensus rating of Hold and an average price target of $33.73.

Wolfspeed Price Performance

NYSE:WOLF traded up $0.34 on Wednesday, reaching $13.51. The stock had a trading volume of 7,728,303 shares, compared to its average volume of 4,607,728. The company has a market capitalization of $1.70 billion, a P/E ratio of -2.07 and a beta of 1.60. Wolfspeed has a 1-year low of $11.53 and a 1-year high of $49.32. The company has a quick ratio of 4.00, a current ratio of 4.58 and a debt-to-equity ratio of 5.55. The stock has a fifty day moving average price of $20.48 and a 200-day moving average price of $24.40.

Insider Transactions at Wolfspeed

In related news, Director Marvin Riley bought 1,866 shares of Wolfspeed stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $27.05 per share, for a total transaction of $50,475.30. Following the completion of the transaction, the director now owns 13,297 shares of the company’s stock, valued at $359,683.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is owned by company insiders.

About Wolfspeed

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.