Wolfspeed (NYSE:WOLF) Stock Jumps 4.9% – What’s Next?

Posted by Brenda Bartman on Oct 1st, 2026

Shares of Wolfspeed, Inc. (NYSE:WOLF – Get Free Report) were up 4.9% on Thursday. The company traded as high as $29.75 and last traded at $29.5170. 814,562 shares traded hands during trading, a decline of 81% from the average daily volume of 4,188,622 shares. The stock had previously closed at $28.13.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WOLF. Wall Street Zen cut shares of Wolfspeed from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 19th. Susquehanna decreased their price objective on shares of Wolfspeed from $40.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. Zacks Research raised shares of Wolfspeed to a “hold” rating in a research report on Friday, September 25th. Weiss Ratings upgraded Wolfspeed from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 24th. Finally, TD Cowen reiterated a “hold” rating and set a $25.00 target price on shares of Wolfspeed in a report on Thursday, August 20th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.00.

Read Our Latest Report on Wolfspeed

Wolfspeed Stock Up 6.5%

The firm has a 50 day simple moving average of $26.87 and a 200-day simple moving average of $34.48. The stock has a market cap of $1.59 billion and a P/E ratio of -1.91.

Wolfspeed (NYSE:WOLF – Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The company reported ($2.26) EPS for the quarter, topping analysts’ consensus estimates of ($2.45) by $0.19. The company had revenue of $149.60 million for the quarter, compared to the consensus estimate of $150.00 million. The company’s revenue for the quarter was down 24.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.77) earnings per share. On average, equities analysts anticipate that Wolfspeed, Inc. will post -8.27 earnings per share for the current year.

Institutional Investors Weigh In On Wolfspeed

A number of hedge funds and other institutional investors have recently modified their holdings of WOLF. FNY Investment Advisers LLC bought a new stake in Wolfspeed in the 2nd quarter valued at about $204,000. AXQ Capital LP bought a new position in shares of Wolfspeed in the second quarter worth about $208,000. Concurrent Investment Advisors LLC acquired a new stake in Wolfspeed in the second quarter valued at approximately $229,000. Royal Bank of Canada acquired a new stake in shares of Wolfspeed during the 1st quarter valued at $89,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Wolfspeed during the second quarter valued at about $299,000.

Wolfspeed Company Profile

(Get Free Report)

Wolfspeed, Inc is a semiconductor company focused on silicon carbide and gallium nitride technologies. The company develops and manufactures power semiconductors, materials and related components designed to improve energy efficiency and performance in high-power electrical systems.

Its product portfolio includes silicon carbide materials, discrete power devices, power modules and radio-frequency products. These products serve applications such as electric vehicles, charging infrastructure, renewable energy systems, industrial equipment, telecommunications, aerospace and defense.

Wolfspeed was formerly known as Cree, Inc, which was founded in 1987.