Wolfspeed, Inc. $WOLF Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its position in shares of Wolfspeed, Inc. (NYSE:WOLF) by 50.1% in the third quarter, HoldingsChannel.com reports. The firm owned 329,364 shares of the company’s stock after selling 330,328 shares during the period. Calamos Advisors LLC’s holdings in Wolfspeed were worth $9,265,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. raised its stake in shares of Wolfspeed by 96.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,429 shares of the company’s stock worth $40,000 after buying an additional 703 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Wolfspeed in the second quarter valued at $204,000. AXQ Capital LP acquired a new stake in shares of Wolfspeed in the second quarter valued at $208,000. Concurrent Investment Advisors LLC bought a new position in Wolfspeed during the second quarter valued at about $229,000. Finally, Royal Bank of Canada bought a new position in Wolfspeed during the first quarter valued at about $89,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WOLF shares. Zacks Research raised Wolfspeed to a “hold” rating in a report on Friday, September 25th. TD Cowen cut their price target on shares of Wolfspeed from $25.00 to $23.00 and set a “hold” rating for the company in a report on Thursday. Weiss Ratings lowered shares of Wolfspeed from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 23rd. Susquehanna reduced their price objective on shares of Wolfspeed from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 21st. Finally, Wall Street Zen raised shares of Wolfspeed from a “strong sell” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Wolfspeed currently has an average rating of “Hold” and an average price target of $22.67.

Wolfspeed Stock Performance

NYSE WOLF opened at $23.79 on Friday. The stock has a market capitalization of $1.26 billion, a P/E ratio of -1.67 and a beta of 8.67. Wolfspeed, Inc. has a 1 year low of $13.48 and a 1 year high of $80.82. The business’s fifty day moving average is $26.29 and its two-hundred day moving average is $30.19.

Wolfspeed (NYSE:WOLF) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($2.03) EPS for the quarter, missing analysts’ consensus estimates of ($1.99) by ($0.04). The firm had revenue of $155.00 million during the quarter, compared to the consensus estimate of $149.86 million. The business’s revenue was down 21.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.55) EPS. On average, research analysts forecast that Wolfspeed, Inc. will post -8.27 earnings per share for the current year.

Key Stories Impacting Wolfspeed

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: Wolfspeed announced a $1.5 billion government loan commitment, which could support its funding needs and operations. Article: Wolfspeed’s Latest Quarter: Progress, and a Long Way to Go
• Neutral Sentiment: The company commercially introduced transparent silicon-carbide technology targeting augmented reality and quantum computing. These are potential new markets, though the articles provide no indication of near-term revenue impact. Article: Wolfspeed commercially introduces transparent SiC technology
• Negative Sentiment: Fiscal Q1 2027 results showed a $2.03 per-share loss, missing the $1.99 consensus loss, while revenue fell 21.2% year over year to $155 million. Revenue did exceed analysts’ expectations of $149.86 million, but the deeper loss and declining sales help explain the negative reaction to the report. Article: Wolfspeed Shares Slide After Q1 Earnings Print
• Negative Sentiment: TD Cowen cut its price target from $25 to $23 and maintained a “hold” rating, signaling limited expected upside at the time of its update. Article: Wolfspeed Given New $23 Price Target at TD Cowen

Wolfspeed Profile

Wolfspeed, Inc is a semiconductor company focused on silicon carbide (SiC) technologies. Its products are designed to support the conversion and management of electrical power in applications that require high efficiency, high voltage, and operation at elevated temperatures.

The company develops and manufactures SiC power devices, including metal-oxide-semiconductor field-effect transistors, diodes, power modules, and related components. It also produces SiC materials such as wafers and epitaxial substrates used by semiconductor manufacturers.