TD Cowen Reaffirms “Hold” Rating for Wolfspeed (NYSE:WOLF)

Wolfspeed (NYSE:WOLF)‘s stock had its “hold” rating reissued by research analysts at TD Cowen in a research note issued to investors on Thursday,Benzinga reports. They currently have a $25.00 price objective on the stock. TD Cowen’s price objective indicates a potential downside of 3.82% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wolfspeed in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of Wolfspeed from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Finally, Susquehanna reduced their price target on shares of Wolfspeed from $40.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. One 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.00.

Wolfspeed Stock Down 10.6%

Wolfspeed stock traded down $3.10 during mid-day trading on Thursday, hitting $25.99. The company’s stock had a trading volume of 2,075,056 shares, compared to its average volume of 4,459,797. The stock has a market capitalization of $1.35 billion and a P/E ratio of -2.50. Wolfspeed has a twelve month low of $8.05 and a twelve month high of $80.82. The stock’s fifty day moving average price is $35.83 and its two-hundred day moving average price is $32.70.

Wolfspeed (NYSE:WOLF) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($2.26) EPS for the quarter, beating analysts’ consensus estimates of ($2.45) by $0.19. The company had revenue of $149.60 million for the quarter, compared to analyst estimates of $150.00 million. Wolfspeed’s revenue was down 24.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.77) EPS.

Institutional Trading of Wolfspeed

Large investors have recently added to or reduced their stakes in the business. Renesas Electronics America Inc. bought a new position in shares of Wolfspeed during the 2nd quarter valued at $813,126,949,000. First Trust Advisors LP increased its position in Wolfspeed by 60.6% during the first quarter. First Trust Advisors LP now owns 98,874 shares of the company’s stock worth $1,614,000 after buying an additional 37,313 shares during the last quarter. Calamos Advisors LLC bought a new position in Wolfspeed during the fourth quarter valued at about $12,451,000. Lazard Asset Management LLC acquired a new stake in shares of Wolfspeed in the first quarter worth about $1,796,000. Finally, Prescott Group Capital Management L.L.C. bought a new stake in shares of Wolfspeed during the 4th quarter worth about $6,416,000.

Wolfspeed News Roundup

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: Wolfspeed reported fiscal fourth-quarter EPS of -$2.26, better than the consensus estimate of -$2.45. The company also highlighted that AI data-center revenue more than doubled year over year in fiscal 2026 and rose about 20% sequentially in the fourth quarter. Wolfspeed Reports Financial Results for the Fourth Quarter of Fiscal 2026
• Positive Sentiment: The company launched a fifth-generation silicon-carbide MOSFET, supporting its longer-term technology roadmap and efforts to expand in power semiconductors, electric vehicles and data-center applications. Wolfspeed fiscal 2026 fourth-quarter results presentation
• Neutral Sentiment: Management guided to fiscal first-quarter 2027 revenue of $140 million to $160 million, broadly matching the $150.4 million consensus estimate. The range suggests limited near-term upside, but the forecast reflects the company’s ongoing transition and demand uncertainty. Wolfspeed fiscal first-quarter 2027 outlook
• Negative Sentiment: Quarterly revenue was $149.6 million, essentially in line with expectations but down 24.1% year over year. The net loss also widened substantially from the prior-year quarter’s $0.77-per-share loss, underscoring continued financial pressure.
• Negative Sentiment: Wolfspeed continues to operate with negative gross margins, reducing confidence that revenue growth will quickly translate into profitability. The earnings release and conference call therefore failed to provide a strong catalyst despite the EPS beat. Wolfspeed falls after fiscal first-quarter outlook
• Negative Sentiment: The departure of longtime Chief Technology Officer Elif Balkas adds leadership uncertainty as Wolfspeed works to execute its silicon-carbide strategy. Top Wolfspeed executive leaves company

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.