WolfspeedWOLF
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 Q3 regulatory filings by fund managers ($100M+ AUM)
53% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 80
5.99% more ownership
Funds ownership: 114.16% [Q2] → 120.15% (+5.99%) [Q3]
7% less funds holding
Funds holding: 340 [Q2] → 316 (-24) [Q3]
27% less first-time investments, than exits
New positions opened: 64 | Existing positions closed: 88
37% less call options, than puts
Call options by funds: $144M | Put options by funds: $230M
50% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 2 (-2) [Q3]
55% less capital invested
Capital invested by funds: $3.27B [Q2] → $1.48B (-$1.79B) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Mizuho Vijay Rakesh 38% 1-year accuracy 27 / 71 met price target | 15%downside $6 | Underperform Maintained | 19 Nov 2024 |
Canaccord Genuity George Gianarikas 52% 1-year accuracy 25 / 48 met price target | 156%upside $18 | Buy Maintained | 7 Nov 2024 |
JP Morgan Samik Chatterjee 56% 1-year accuracy 37 / 66 met price target | 141%upside $17 | Neutral Maintained | 7 Nov 2024 |
Goldman Sachs Brian Lee 38% 1-year accuracy 31 / 81 met price target | 170%upside $19 | Buy Maintained | 7 Nov 2024 |
Roth MKM Craig Irwin 29% 1-year accuracy 8 / 28 met price target | 184%upside $20 | Buy Maintained | 7 Nov 2024 |
Financial journalist opinion
Based on 360 articles about WOLF published over the past 30 days