<div id="readability-page-1"><p>Silverback Asset Management LLC purchased a new stake in shares of  Wolfspeed, Inc. (NYSE:WOLF - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 286,407 shares of the company's stock, valued at approximately $8,191,000. Silverback Asset Management LLC owned 1.11% of Wolfspeed as of its most recent filing with the SEC.</p><ul><li>Wolfspeed Just Got a $698 Million Lifeline—Here’s Why That Changes Everything</li></ul><p>Other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in  Wolfspeed in the second quarter worth approximately $34,000.  Canada Pension Plan Investment Board purchased a new stake in  Wolfspeed in the second quarter valued at $34,000.  Marex Group plc purchased a new stake in  Wolfspeed in the second quarter valued at $44,000.  Panagora Asset Management Inc. lifted its stake in shares of  Wolfspeed by 709.4% in the 2nd quarter. Panagora Asset Management Inc. now owns 113,800 shares of the company's stock valued at $45,000 after purchasing an additional 99,740 shares during the last quarter.  Finally, WINTON GROUP Ltd acquired a new position in shares of  Wolfspeed in the 2nd quarter valued at $47,000. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of analysts recently issued reports on the company. Susquehanna cut their price objective on Wolfspeed from $30.00 to $20.00 and set a &#34;neutral&#34; rating for the company in a research report on Thursday, January 22nd. Zacks Research raised shares of Wolfspeed to a &#34;hold&#34; rating in a research report on Monday, February 9th. Piper Sandler  reaffirmed an &#34;overweight&#34; rating and set a $20.00 target price (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 research report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Wolfspeed from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research note on Saturday, February 7th. Two analysts have rated the stock with a Buy rating, two have assigned  a Hold rating and three have issued  a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of &#34;Reduce&#34; and a consensus target price of $12.75.</p><ul><li>Among the Market’s Most Shorted: 2 Firms With +40% Short Interest</li></ul><p><b>Get Our Latest Research Report on WOLF</b></p><h2>Wolfspeed Stock Down 1.3%</h2><p>WOLF opened at $16.75 on Friday. Wolfspeed, Inc. has a 52 week low of $8.05 and a 52 week high of $36.60. The business has a fifty day simple moving average of $18.37 and a 200-day simple moving average of $17.74. The firm has a market cap of $755.21 million and a P/E ratio of -2.38. </p><ul><li>3 Stocks Under $10 That Could Turn Risk Into Reward</li></ul><p>Wolfspeed (NYSE:WOLF - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The company reported ($6.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($5.37). During the same quarter in the previous year, the firm posted ($0.95) earnings per share. The business's quarterly revenue was down 6.6% compared to the same quarter last year.  Sell-side analysts expect that  Wolfspeed, Inc. will post -4 earnings per share for the current year. </p><h2>Wolfspeed Profile</h2> (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>See Also</h2><ul><li>Five stocks we like better than Wolfspeed</li><li>A personal warning from Martin Weiss (Please read)</li><li>SpaceX IPO Confirmed: Claim Your Stake Today</li><li>Iran isn't the real war</li><li>$30 stock to buy before Starlink goes public (WATCH NOW!)</li><li>This coin has everything going for it</li></ul><p><strong>Want to see what other hedge funds are holding WOLF?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wolfspeed, Inc. (NYSE:WOLF - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVdPTEY?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.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>Silverback Asset Management LLC has invested $8.19 million in Wolfspeed, Inc. by acquiring 286,407 shares during the 3rd quarter. This investment represents 1.11% ownership in the company. Other investors have also made recent purchases in Wolfspeed. Analysts have mixed opinions on the stock, with ratings ranging from "buy" to "sell". Currently, Wolfspeed's stock is trading at $16.75, with a market cap of $755.21 million and a P/E ratio of -2.38. The company specializes in silicon carbide and gallium nitride semiconductor materials.</p>

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Silverback Asset Management LLC Invests $8.19 Million in Wolfspeed, Inc. $WOLF