Wolfspeed (NYSE:WOLF) Trading Down 10.3% – What’s Next?

Posted by George Bondi on Jun 5th, 2026

Wolfspeed, Inc. (NYSE:WOLF – Get Free Report)’s stock price dropped 10.3% on Friday . The company traded as low as $57.52 and last traded at $60.1360. Approximately 1,331,850 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 4,141,338 shares. The stock had previously closed at $67.06.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WOLF. Wall Street Zen upgraded shares of Wolfspeed from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Zacks Research raised Wolfspeed to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Wolfspeed in a report on Friday, March 27th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $20.00 target price (up from $6.00) on shares of Wolfspeed in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Wolfspeed has a consensus rating of “Hold” and an average price target of $20.00.

View Our Latest Stock Analysis on WOLF

Wolfspeed Price Performance

The company’s 50-day moving average is $39.40 and its 200-day moving average is $25.91. The firm has a market capitalization of $2.75 billion and a price-to-earnings ratio of -5.43.

Wolfspeed (NYSE:WOLF – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($3.26) EPS for the quarter, topping the consensus estimate of ($3.78) by $0.52. The company had revenue of $150.20 million for the quarter, compared to analyst estimates of $150.00 million. The business’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same period last year, the company posted ($0.72) EPS.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada acquired a new position in Wolfspeed in the first quarter valued at $89,000. Lazard Asset Management LLC purchased a new stake in Wolfspeed during the first quarter valued at about $1,796,000. Sei Investments Co. acquired a new stake in Wolfspeed during the first quarter worth about $494,000. First Trust Advisors LP raised its holdings in shares of Wolfspeed by 60.6% in the 1st quarter. First Trust Advisors LP now owns 98,874 shares of the company’s stock worth $1,614,000 after purchasing an additional 37,313 shares during the period. Finally, Shah Capital Management raised its holdings in shares of Wolfspeed by 1,419.5% in the 1st quarter. Shah Capital Management now owns 508,948 shares of the company’s stock worth $8,306,000 after purchasing an additional 475,454 shares during the period.

Wolfspeed Company Profile

(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.