Wolfspeed (NYSE:WOLF) Hits New 12-Month High – Time to Buy?

Shares of Wolfspeed, Inc. (NYSE:WOLF) hit a new 52-week high during trading on Thursday . The stock traded as high as $43.38 and last traded at $42.7910, with a volume of 14824480 shares changing hands. The stock had previously closed at $36.63.

Key Wolfspeed News

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: Leadership shake-up and debt refinancing drove optimism after recent actions that appear to de‑risk the balance sheet and helped trigger a large rally. Wolfspeed (WOLF) Is Up 21.1% After Leadership Shake-Up And Debt Refinancing – Has The Bull Case Changed?
• Positive Sentiment: Company says it will cut annual interest expense by about $62M, materially lowering financing costs and improving near‑term cash flow prospects. Wolfspeed targets $140M-$160M Q4 revenue while cutting annual interest expense by about $62M
• Positive Sentiment: Wolfspeed reported a slight beat on Q3 EPS and revenue versus consensus, which can reassure investors after prior volatility. Wolfspeed Reports Financial Results for the Third Quarter of Fiscal 2026
• Positive Sentiment: Operational positives: ~30% sequential growth in AI data‑center applications and launch of a 10 kV SiC power MOSFET, signaling product momentum in higher‑value end markets. Wolfspeed Reports Financial Results for the Third Quarter of Fiscal 2026
• Positive Sentiment: Board/executive team changes announced to strengthen leadership, reinforcing the narrative of a corporate reset. Wolfspeed strengthens executive team
• Neutral Sentiment: Company says Q3 results were broadly in line with guidance; transcripts and slide deck are available for investors to review the management commentary. Wolfspeed, Inc. (WOLF) Q3 2026 Earnings Call Transcript
• Negative Sentiment: Revenue is down 19% year‑over‑year and the company remains unprofitable (large negative EPS), highlighting continuing demand and margin challenges. Wolfspeed Q3 earnings summary
• Negative Sentiment: Q4 revenue guidance of $140M–$160M has a midpoint below consensus (~$156.9M), leaving room for disappointment if demand softens. Wolfspeed Reports Financial Results for the Third Quarter of Fiscal 2026
• Negative Sentiment: Some early trading headlines flagged Wolfspeed among names moving lower in pre‑market action alongside other tech movers, reflecting intraday volatility. Pre-market movers including Wolfspeed

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Susquehanna lowered their target price on shares of Wolfspeed from $30.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wolfspeed in a research note on Friday, March 27th. Wall Street Zen downgraded shares of Wolfspeed from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Zacks Research upgraded shares of Wolfspeed to a “hold” rating in a research note on Monday, February 9th. Finally, Piper Sandler restated an “overweight” rating and issued a $20.00 price objective (up from $6.00) on shares of Wolfspeed in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $14.33.

Wolfspeed Price Performance

The firm’s 50-day simple moving average is $21.47 and its two-hundred day simple moving average is $20.53. The company has a market capitalization of $1.93 billion and a price-to-earnings ratio of -6.08.

Wolfspeed (NYSE:WOLF) last released its quarterly earnings results on Wednesday, January 28th. The company reported ($6.11) EPS for the quarter, missing the consensus estimate of ($0.74) by ($5.37). The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.95) EPS.

Hedge Funds Weigh In On Wolfspeed

A number of hedge funds have recently made changes to their positions in WOLF. Goldman Sachs Group Inc. boosted its holdings in shares of Wolfspeed by 176.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,380,499 shares of the company’s stock valued at $4,224,000 after purchasing an additional 881,603 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Wolfspeed by 94.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,868,741 shares of the company’s stock valued at $5,718,000 after purchasing an additional 906,968 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Wolfspeed during the 2nd quarter valued at $47,000. Ilex Capital Partners UK LLP lifted its holdings in shares of Wolfspeed by 499.1% during the 2nd quarter. Ilex Capital Partners UK LLP now owns 665,697 shares of the company’s stock valued at $265,000 after acquiring an additional 554,587 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Wolfspeed during the 2nd quarter valued at $34,000.

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.