<div id="readability-page-1"><p>Wolfspeed, Inc. (NYSE:WOLF - Get Free Report) has received an average recommendation of &#34;Hold&#34; from the sixteen research firms that are currently  covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned  a buy rating to  the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $14.86.</p><ul><li>3 Stocks Under $10 That Could Turn Risk Into Reward</li></ul><p>Several equities research analysts recently commented on WOLF shares. Piper Sandler cut their target price on Wolfspeed from $18.00 to $10.00 and set an &#34;overweight&#34; rating on the stock in a research report on Thursday, January 30th. The Goldman Sachs Group cut their price target on Wolfspeed from $17.00 to $15.00 and set a &#34;buy&#34; rating on the stock in a report on Thursday, January 30th. Bank of America lowered their price objective on shares of Wolfspeed from $9.50 to $6.00 and set an &#34;underperform&#34; rating for the company in a research note on Thursday, January 30th. Canaccord Genuity Group cut their target price on shares of Wolfspeed from $18.00 to $10.00 and set a &#34;buy&#34; rating on the stock in a research note on Thursday, January 30th. Finally, Mizuho reduced their price target on shares of Wolfspeed from $10.00 to $6.00 and set an &#34;underperform&#34; rating for the company in a report on Tuesday, November 19th.</p><p><b>Check Out Our Latest Stock Analysis on Wolfspeed</b></p><h2>Institutional Trading of Wolfspeed</h2><ul><li>3 Beaten-Down Tech Stocks That Shouldn’t Be Overlooked</li></ul><p>Institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning purchased a new position in shares of  Wolfspeed during the third quarter valued at approximately $224,000.  Louisiana State Employees Retirement System grew its stake in shares of  Wolfspeed by 70.8% in the 3rd quarter. Louisiana State Employees Retirement System now owns 60,800 shares of the company's stock worth $590,000 after acquiring an additional 25,200 shares in the last quarter.  State of Alaska Department of Revenue raised its holdings in shares of  Wolfspeed by 430.5% in the third quarter. State of Alaska Department of Revenue now owns 71,819 shares of the company's stock valued at $696,000 after purchasing an additional 58,282 shares during the last quarter.  New York State Teachers Retirement System lifted its position in shares of  Wolfspeed by 1.3% during the third quarter. New York State Teachers Retirement System now owns 145,284 shares of the company's stock valued at $1,409,000 after purchasing an additional 1,885 shares in the last quarter.  Finally, Iridian Asset Management LLC CT boosted its holdings in  Wolfspeed by 319.9% during the third quarter. Iridian Asset Management LLC CT now owns 521,158 shares of the company's stock worth $5,055,000 after purchasing an additional 397,057 shares during the last quarter. </p><h2>Wolfspeed Stock Performance</h2><p>NYSE:WOLF opened at $5.78 on Wednesday. The company has a market capitalization of $738.56 million, a PE ratio of -0.75 and a beta of 1.43. Wolfspeed has a fifty-two week low of $4.66 and a fifty-two week high of $30.86. The company has a debt-to-equity ratio of 17.26, a quick ratio of 2.47 and a current ratio of 3.15. The company has a 50 day simple moving average of $6.32 and a two-hundred day simple moving average of $8.96. </p><ul><li>Chipmaker Lattice Knocked Down As EV Sales Soften</li></ul><p>Wolfspeed (NYSE:WOLF - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported ($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.90) by ($0.20). Wolfspeed had a negative net margin of 125.96% and a negative return on equity of 70.84%.  Research analysts anticipate that  Wolfspeed will post -4 earnings per share for the current year. </p><h2>About Wolfspeed</h2> (Get Free Report<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Wolfspeed</li><li>Expert Stock Trading Psychology Tips</li><li>Analysts Lift Archer Aviation Stock Despite Earnings Miss </li><li>How to Start Investing in Real Estate</li><li>5 Best Gold ETFs for March to Curb Recession Fears</li><li>Stock Market Upgrades: What Are They?</li><li>3 Stocks for Your Watchlist: Unlocking Tomorrow’s Winners Today</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdPTEY?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdPTEY"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Wolfspeed Right Now?</h2><p>Before you consider Wolfspeed, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wolfspeed wasn't on the list.</p><p>While Wolfspeed currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

WOLF

<p>Wolfspeed, Inc. (NYSE:WOLF) has received an average "Hold" recommendation from 16 research firms, with a 12-month price target of $14.86. Analysts have varied ratings: 2 sell, 10 hold, and 4 buy. Recent price targets include $10.00 from Piper Sandler and $6.00 from Bank of America. The stock opened at $5.78, with a market cap of $738.56 million and a PE ratio of -0.75. Wolfspeed reported a loss of $1.10 EPS, missing estimates, and has a negative net margin of 125.96%.</p>

Analysts Set Wolfspeed, Inc. (NYSE:WOLF) PT at $14.86