Market Summary
USD51.20+3.26
Market Closed6.80%
WOLF Stock Price
WOLF RSI Chart
WOLF Valuation
WOLF Price/Sales (Trailing)
WOLF Profitability
WOLF Fundamentals
WOLF Revenue
WOLF Earnings
Price Action
52 Week Range
39.02125.48
(Low)(High)
Last 7 days
16.3%
Last 30 days
-10.8%
Last 90 days
-28.5%
Trailing 12 Months
-27.3%
WOLF Financial Health
WOLF Investor Care
Financials for WOLFSPEED
| Income Statement (Last 12 Months) | ||||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 4.7% | 914,600,000 | 873,900,000 | 830,900,000 | 746,200,000 | 663,500,000 |
| Gross Profit | 1.4% | 293,800,000 | 289,700,000 | 279,800,000 | 249,300,000 | 214,200,000 |
| S&GA Expenses | 4.1% | 226,200,000 | 217,200,000 | 209,500,000 | 203,500,000 | 195,100,000 |
| R&D Expenses | 3.8% | 216,500,000 | 208,500,000 | 201,700,000 | 196,400,000 | 193,300,000 |
| EBITDA | 1.1% | -129,700,000 | -131,200,000 | -208,200,000 | - | - |
| EBITDA Margin | 11.2% | -0.16 | -0.18 | -0.31 | - | - |
| Earnings Before Taxes | 21.6% | -286,100,000 | -364,700,000 | - | - | - |
| EBT Margin | 10.2% | -0.34 | -0.38 | -0.55 | - | - |
| Interest Expenses | 35.0% | 34,700,000 | 25,700,000 | 23,200,000 | 25,100,000 | 26,300,000 |
| Net Income | -21.8% | -184,200,000 | -151,200,000 | -157,000,000 | -200,900,000 | -380,900,000 |
| Net Income Margin | 8.4% | -0.17 | -0.19 | -0.27 | -0.57 | - |
| Free Cahsflow | -3.1% | -620,000,000 | -601,100,000 | -799,100,000 | -885,400,000 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | 2.1% | 5,455 | 5,343 | 3,859 | 3,918 | 3,753 |
| Current Assets | -7.6% | 2,849 | 3,084 | 1,754 | 1,762 | 1,838 |
| Cash Equivalents | -26.7% | 795 | 1,085 | 522 | 450 | 486 |
| Inventory | 8.4% | 289 | 267 | 242 | 227 | 219 |
| Goodwill | 0% | 359 | 359 | 359 | 359 | 359 |
| Current Liabilities | 32.0% | 607 | 460 | 381 | 389 | 323 |
| Shareholder's Equity | -4.1% | 1,707 | 1,780 | 2,110 | 2,439 | 2,390 |
| Retained Earnings | -5.4% | -1,950 | -1,851 | -1,760 | -1,764 | -1,796 |
| Additional Paid-In Capital | 0.6% | 3,681 | 3,660 | 3,902 | 4,228 | 4,205 |
| Shares Outstanding | 0.0% | 124 | 124 | 124 | 124 | 124 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | 12.5% | -121 | -138 | -104 | -154 | -173 |
| Share Based Compensation | 5.9% | 79.00 | 74.00 | 68.00 | 61.00 | 58.00 |
| Cashflow From Investing | 1.5% | -1,013 | -1,029 | -256 | -391 | -487 |
| Cashflow From Financing | -30.2% | 1,445 | 2,068 | 621 | 616 | 615 |
Risks for WOLF
What is the probability of a big loss on WOLF?
91.9%
Probability that WOLFSPEED stock will be more than 20% underwater in next one year
84.6%
Probability that WOLFSPEED stock will be more than 30% underwater in next one year.
29.6%
Probability that WOLFSPEED stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does WOLF drawdown profile look like?
Y-axis is the maximum loss one would have experienced if WOLFSPEED was unfortunately bought at previous high price.
Drawdowns
Returns for WOLF
Cumulative Returns on WOLF
-1.7%
10-Year Cumulative Returns
11.4%
7-Year Cumulative Returns
2.2%
5-Year Cumulative Returns
-2.5%
3-Year Cumulative Returns
What are the long-term rolling returns for WOLF?
FIve years rolling returns for WOLFSPEED.
Annualized Returns
Which funds bought or sold WOLF recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-23 | Capital Impact Advisors, LLC | unchanged | - | -10,662 | 169,325 | 0.21% |
2023-05-22 | American Trust | added | 11.74 | 24,996 | 513,040 | 0.04% |
2023-05-22 | FDx Advisors, Inc. | unchanged | - | - | 408,000 | 0.02% |
2023-05-22 | Raleigh Capital Management Inc. | unchanged | - | -592 | 9,418 | -% |
2023-05-22 | AMERIPRISE FINANCIAL INC | reduced | -23.2 | -12,069,800 | 31,423,200 | 0.01% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -26.12 | -6,270,000 | 14,292,000 | 0.02% |
2023-05-18 | JPMORGAN CHASE & CO | added | 1.99 | -14,080,300 | 333,328,000 | 0.04% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | new | - | 2,531,000 | 2,531,000 | -% |
2023-05-18 | Firsthand Capital Management, Inc. | unchanged | - | -777,100 | 12,340,500 | 13.40% |
2023-05-17 | B. Riley Wealth Advisors, Inc. | added | 5.33 | -3,737 | 405,808 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
WOLFSPEED News
Schedule 13G FIlings of WOLFSPEED
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | clearbridge investments, llc | 4.6% | 5,701,415 | SC 13G/A | |
| Feb 13, 2023 | capital research global investors | 12.4% | 15,428,273 | SC 13G/A | |
| Feb 13, 2023 | capital international investors | 9.3% | 11,506,795 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.60% | 11,929,675 | SC 13G/A | |
| Feb 07, 2023 | blackrock inc. | 14.7% | 18,286,255 | SC 13G/A | |
| Apr 08, 2022 | capital international investors | 10.3% | 12,681,508 | SC 13G/A | |
| Mar 11, 2022 | blackrock inc. | 12.9% | 14,994,722 | SC 13G | |
| Feb 11, 2022 | capital international investors | 9.7% | 11,298,890 | SC 13G/A | |
| Feb 11, 2022 | capital research global investors | 12.3% | 14,236,967 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 9.40% | 10,927,379 | SC 13G/A |
WOLF Fair Value
Recent SEC filings of WOLFSPEED
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 01, 2023 | 4 | Insider Trading | |
| May 01, 2023 | 4 | Insider Trading | |
| May 01, 2023 | 4 | Insider Trading | |
| Apr 27, 2023 | 10-Q | Quarterly Report | |
| Apr 26, 2023 | 8-K | Current Report |
Latest Insider Trading transactions for WOLF
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-04-28 | REPLOGLE JOHN B | bought | 502,308 | 47.54 | 10,566 | - |
2023-04-28 | Hodge John C | acquired | 11,224 | 46.00 | 244 | - |
2023-04-28 | LOWE GREGG A | bought | 250,357 | 45.937 | 5,450 | president & ceo |
2023-01-30 | LOWE GREGG A | gifted | - | - | -5,068 | president & ceo |
2023-01-27 | Hodge John C | acquired | 11,178 | 77.09 | 145 | - |
2023-01-23 | Smith Stacy J | acquired | - | - | 2,631 | - |
2022-11-18 | LE DUY LOAN T | bought | 182,080 | 91.04 | 2,000 | - |
2022-11-18 | LE DUY LOAN T | bought | 272,840 | 90.9467 | 3,000 | - |
2022-11-02 | LE DUY LOAN T | bought | 147,640 | 73.82 | 2,000 | - |
2022-11-01 | LE DUY LOAN T | bought | 77,260 | 77.26 | 1,000 | - |
Wolfspeed, Inc. provides silicon carbide and gallium nitride (GaN) materials, power devices, and radio frequency (RF) devices based on wide bandgap semiconductor materials and silicon. The company's silicon carbide and GaN materials comprise silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers. It offers silicon carbide materials for customers to manufacture products for RF, power, and other applications. The company's power devices include silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for customers and distributors to use in applications, such as electric vehicles comprising charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. Its RF devices comprise GaN-based die, high-electron mobility transistors, monolithic microwave integrated circuits, and laterally diffused MOSFET power transistors for telecommunications infrastructure, military, and other commercial applications. The company's products are also used in transportation, fast charging, wireless systems, 5G, motor drives, renewable energy and storage, and aerospace and defense applications; and materials products and RF devices are used in military communications, radar, satellite, and telecommunication applications. It serves customers in North America, Asia, and Europe. The company was formerly known as Cree, Inc. and changed its name to Wolfspeed, Inc. in October 2021. Wolfspeed, Inc. was founded in 1987 and is headquartered in Durham, North Carolina.
WOLF Income Statement
2023-03-26UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Mar. 26, 2023 | Mar. 27, 2022 | Mar. 26, 2023 | Mar. 27, 2022 | |
| Income Statement [Abstract] | ||||
| Revenue, net | $ 228.7 | $ 188.0 | $ 686.1 | $ 517.7 |
| Cost of revenue, net | 160.6 | 124.0 | 471.2 | 347.3 |
| Gross profit | 68.1 | 64.0 | 214.9 | 170.4 |
| Operating expenses: | ||||
| Research and development | 56.1 | 48.1 | 168.3 | 148.2 |
| Sales, general and administrative | 60.5 | 51.5 | 171.2 | 148.5 |
| Amortization or impairment of acquisition-related intangibles | 2.6 | 3.4 | 8.3 | 10.6 |
| Loss (gain) on disposal or impairment of other assets | 1.7 | (0.6) | 1.9 | (0.3) |
| Other operating expense | 49.1 | 23.9 | 134.1 | 52.3 |
| Operating loss | (101.9) | (62.3) | (268.9) | (188.9) |
| Non-operating (income) expense, net | (2.9) | 3.8 | (53.4) | 35.7 |
| Loss before income taxes | (99.0) | (66.1) | (215.5) | (224.6) |
| Income tax expense | 0.5 | 0.4 | 1.1 | 8.7 |
| Net loss | $ (99.5) | $ (66.5) | $ (216.6) | $ (233.3) |
| Basic and diluted loss per share | ||||
| Net loss, basic (USD per share) | $ (0.80) | $ (0.54) | $ (1.74) | $ (1.96) |
| Net loss, diluted (USD per share) | $ (0.80) | $ (0.54) | $ (1.74) | $ (1.96) |
| Weighted average shares - basic (shares) | 124,439 | 123,597 | 124,273 | 118,917 |
| Weighted average shares - diluted (shares) | 124,439 | 123,597 | 124,273 | 118,917 |
WOLF Balance Sheet
2023-03-26UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Mar. 26, 2023 | Jun. 26, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 795.1 | $ 449.5 |
| Short-term investments | 1,453.1 | 749.3 |
| Total cash, cash equivalents and short-term investments | 2,248.2 | 1,198.8 |
| Accounts receivable, net | 164.0 | 150.2 |
| Inventories | 288.9 | 227.0 |
| Income taxes receivable | 1.1 | 1.3 |
| Prepaid expenses | 34.6 | 32.1 |
| Other current assets | 112.0 | 151.4 |
| Current assets held for sale | 0.0 | 1.6 |
| Total current assets | 2,848.8 | 1,762.4 |
| Property and equipment, net | 1,904.0 | 1,481.1 |
| Goodwill | 359.2 | 359.2 |
| Intangible assets, net | 118.0 | 125.4 |
| Long-term receivables | 2.7 | 104.7 |
| Deferred tax assets | 1.0 | 1.0 |
| Other assets | 221.0 | 83.7 |
| Total assets | 5,454.7 | 3,917.5 |
| Current liabilities: | ||
| Accounts payable and accrued expenses | 522.2 | 307.7 |
| Accrued contract liabilities | 41.5 | 37.0 |
| Income taxes payable | 9.5 | 11.6 |
| Finance lease liabilities | 0.5 | 0.5 |
| Other current liabilities | 33.5 | 31.7 |
| Total current liabilities | 607.2 | 388.5 |
| Long-term liabilities: | ||
| Convertible notes, net | 3,023.3 | 1,021.6 |
| Deferred tax liabilities | 3.7 | 3.2 |
| Finance lease liabilities - long-term | 9.3 | 9.6 |
| Other long-term liabilities | 104.4 | 55.3 |
| Total long-term liabilities | 3,140.7 | 1,089.7 |
| Commitments and contingencies | ||
| Shareholders’ equity: | ||
| Preferred stock, par value $0.01; 3,000 shares authorized at March 26, 2023 and June 26, 2022; none issued and outstanding | 0.0 | 0.0 |
| Common stock, par value $0.00125; 200,000 shares authorized at March 26, 2023 and June 26, 2022; 124,437 and 123,795 shares issued and outstanding at March 26, 2023 and June 26, 2022, respectively | 0.2 | 0.2 |
| Additional paid-in-capital | 3,680.6 | 4,228.4 |
| Accumulated other comprehensive loss | (23.1) | (25.3) |
| Accumulated deficit | (1,950.9) | (1,764.0) |
| Total shareholders’ equity | 1,706.8 | 2,439.3 |
| Total liabilities and shareholders’ equity | $ 5,454.7 | $ 3,917.5 |