<div id="readability-page-1"><p>Shares of Wolfspeed, Inc. (NYSE:WOLF - Get Free Report) have been assigned a consensus recommendation of &#34;Reduce&#34; from the six brokerages that are presently  covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned  a hold recommendation and one  has assigned  a buy recommendation to  the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.3333.</p><ul><li>Wolfspeed Just Got a $698 Million Lifeline—Here’s Why That Changes Everything</li></ul><p>A number of research firms recently commented on WOLF. Zacks Research upgraded shares of Wolfspeed to a &#34;hold&#34; rating in a report on Monday, February 9th. Susquehanna decreased their price objective on shares of Wolfspeed from $30.00 to $20.00 and set a &#34;neutral&#34; rating on the stock in a research report on Thursday, January 22nd. Piper Sandler  reaffirmed an &#34;overweight&#34; rating and set a $20.00 price objective (up from $6.00) on shares of Wolfspeed in a research note on Thursday, February 5th. Weiss Ratings  reiterated a &#34;sell (d-)&#34; rating on shares of Wolfspeed in a report on Friday, March 27th. Finally, Wall Street Zen cut Wolfspeed from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research note on Saturday, February 7th.</p><p><b>Get Our Latest Stock Analysis on Wolfspeed</b></p><h2>Institutional Investors Weigh In On Wolfspeed</h2><ul><li>Among the Market’s Most Shorted: 2 Firms With +40% Short Interest</li></ul><p>Large investors have recently made changes to their positions in the business. Yaupon Capital Management LP purchased a new position in shares of  Wolfspeed during the fourth quarter valued at approximately $7,834,000.  Summit Securities Group LLC lifted its stake in  Wolfspeed by 71.0% in the fourth quarter. Summit Securities Group LLC now owns 2,204 shares of the company's stock worth $38,000 after acquiring an additional 915 shares during the period.  Cinctive Capital Management LP bought a new stake in  Wolfspeed in the fourth quarter valued at $176,000.  Ardsley Advisory Partners LP bought a new stake in  Wolfspeed in the fourth quarter valued at $2,873,000.  Finally, Renesas Electronics America Inc. purchased a new position in  Wolfspeed during the 4th quarter valued at $293,400,000. </p><h2>Wolfspeed Price Performance</h2><p>WOLF opened at $16.42 on Thursday. The stock's 50 day simple moving average is $17.67 and its 200 day simple moving average is $19.25. The firm has a market cap of $740.29 million and a price-to-earnings ratio of -2.33. Wolfspeed has a 1 year low of $8.05 and a 1 year high of $36.60. </p><ul><li>3 Stocks Under $10 That Could Turn Risk Into Reward</li></ul><p>Wolfspeed (NYSE:WOLF - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The company reported ($6.11) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($5.37). During the same quarter in the previous year, the company posted ($0.95) earnings per share. The business's revenue was down 6.6% compared to the same quarter last year.  As a group, sell-side analysts anticipate that  Wolfspeed will post -4 EPS for the current year. </p><h2>About Wolfspeed</h2> (Get Free Report)<p>Wolfspeed, Inc <span>NYSE: WOLF<span></span></span> is a leading developer and manufacturer of silicon carbide (SiC) and gallium nitride (GaN) semiconductor materials and devices. The company's product portfolio addresses high-growth markets such as electric vehicles, renewable energy, fast-charging infrastructure, aerospace and defense, and telecommunications. By leveraging proprietary materials and device designs, Wolfspeed delivers solutions that offer improved energy efficiency, higher power density and greater thermal performance compared to conventional silicon-based semiconductors.  </p><p>Founded as part of Cree, Inc and spun off to form an independent public company in October 2021, Wolfspeed traces its roots to the mid-1980s when it pioneered the commercial use of wide-bandgap semiconductor technology.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Wolfspeed</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 reporting and unbiased coverage. 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 Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Wolfspeed, Inc. (NYSE:WOLF) has received a consensus recommendation of "Reduce" from six brokerages. Three analysts rated the stock as a sell, two as hold, and one as buy. The average 12-month price target is $14.33. Recent changes in ratings include Zacks upgrading to hold, while Susquehanna and Weiss Ratings issued neutral and sell ratings, respectively. The stock opened at $16.42, with a market cap of $740.29 million and a P/E ratio of -2.33. Wolfspeed reported a quarterly loss of $6.11 per share, missing estimates significantly.</p>

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Wolfspeed, Inc. (NYSE:WOLF) Receives Average Recommendation of "Reduce" from Brokerages