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

Posted by Francis Steltz on Jun 25th, 2026

Shares of Wolfspeed, Inc. (NYSE:WOLF – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $45.87, but opened at $49.44. Wolfspeed shares last traded at $44.2080, with a volume of 775,477 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Wolfspeed in a report on Friday, March 27th. Wall Street Zen upgraded shares of Wolfspeed from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.00.

Read Our Latest Stock Analysis on Wolfspeed

Wolfspeed Price Performance

The stock has a fifty day moving average of $48.09 and a 200 day moving average of $28.88. The firm has a market capitalization of $2.43 billion and a P/E ratio of -4.46.

Wolfspeed (NYSE:WOLF – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($3.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.78) by $0.52. The business had revenue of $150.20 million during the quarter, compared to the consensus estimate of $150.00 million. During the same quarter last year, the company earned ($0.72) EPS. The firm’s revenue for the quarter was down 19.0% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Camden Asset Management L P CA purchased a new position in Wolfspeed in the third quarter valued at approximately $9,452,000. Calamos Advisors LLC bought a new position in Wolfspeed in the 4th quarter worth about $12,451,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Wolfspeed in the third quarter valued at approximately $8,560,000. Silverback Asset Management LLC bought a new position in Wolfspeed in the 3rd quarter valued at $8,191,000. Finally, Capital Research Global Investors bought a new stake in Wolfspeed during the third quarter valued at $79,426,000.

About Wolfspeed

(Get Free Report)

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.