Wolfspeed (NYSE:WOLF) Shares Gap Down – What’s Next?

Wolfspeed, Inc. (NYSE:WOLF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $34.96, but opened at $32.10. Wolfspeed shares last traded at $32.6850, with a volume of 1,096,497 shares traded.

Key Headlines Impacting Wolfspeed

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: Wolfspeed reported a fiscal fourth-quarter loss of $2.44 per share, narrowly beating the $2.45 analyst consensus. Wolfspeed Reports Financial Results for the Fourth Quarter of Fiscal 2026
• Positive Sentiment: AI data-center revenue more than doubled year over year in fiscal 2026 and rose approximately 20% sequentially in the fourth quarter, supporting the long-term growth case for Wolfspeed’s silicon-carbide technology. Company earnings release
• Positive Sentiment: The company launched a fifth-generation SiC MOSFET and highlighted progress in its technology roadmap, which could improve its position in power semiconductors over time. Company earnings release

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WOLF. Weiss Ratings reissued a “sell (d-)” rating on shares of Wolfspeed in a research report on Wednesday, June 24th. Susquehanna lowered their price target on Wolfspeed from $40.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. Finally, Wall Street Zen downgraded Wolfspeed from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $25.00.

Wolfspeed Price Performance

The business’s 50-day simple moving average is $35.83 and its two-hundred day simple moving average is $32.70. The stock has a market cap of $1.51 billion and a price-to-earnings ratio of -2.76.

Wolfspeed (NYSE:WOLF) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($2.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.45) by $0.19. The company had revenue of $149.60 million for the quarter, compared to analyst estimates of $150.00 million. During the same quarter last year, the company posted ($0.77) earnings per share. The firm’s quarterly revenue was down 24.1% on a year-over-year basis.

Hedge Funds Weigh In On Wolfspeed

Institutional investors and hedge funds have recently bought and sold shares of the company. Summit Securities Group LLC boosted its stake in shares of Wolfspeed by 71.0% during the fourth quarter. Summit Securities Group LLC now owns 2,204 shares of the company’s stock valued at $38,000 after purchasing an additional 915 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Wolfspeed in the second quarter valued at approximately $204,000. Royal Bank of Canada acquired a new position in shares of Wolfspeed in the first quarter valued at approximately $89,000. Next Level Private LLC bought a new position in Wolfspeed in the 2nd quarter valued at approximately $434,000. Finally, Cinctive Capital Management LP bought a new position in Wolfspeed in the 4th quarter valued at approximately $176,000.

Wolfspeed Company Profile

Wolfspeed, Inc (NYSE: WOLF) 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.

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.