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WOLF

81.37USD+0.60(+0.74%)Market Closed

WOLFSPEED, INC.

Market Summary

USD81.37+0.60Market Closed
0.74%

WOLF Alerts

WOLF Stock Price

RSI Chart

Valuation

Market Cap

10.7B

Price/Earnings

-67.96

Price/Sales

12.84

Price/Cashflow

-102.2

MarketCap/EBT

-37.29

Price/Sales

Profitability

EBT Margin

-34.43%

Return on Equity

-7.44%

Return on Assets

-4.07%

Fundamentals

Revenue

Revenue (TTM)

830.9M

Revenue Y/Y

54.09%

Revenue Q/Q

5.6%

Earnings

Earnings (TTM)

-157.0M

Earnings Y/Y

62.62%

Earnings Q/Q

-180.86%

Price Action

52 Week Range

58.07125.84
(Low)(High)

Last 7 days

-2.9%

Last 30 days

7.3%

Last 90 days

-27.8%

Trailing 12 Months

-30.3%

Financial Health

Current Ratio

4.61

Investor Care

Shares Dilution (1Y)

6.88%

Diluted EPS (TTM)

-1.28

Financials for WOLFSPEED

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue11.4%831746664613567
Gross Profit12.2%280249214194179
  S&GA Expenses2.9%210204195188187
  R&D Expenses2.7%202196193191187
Earnings Before Taxes21.6%-286.10-364.70-368.10-333.90
Net Income21.9%-157.00-200.90-380.90-423.30-409.60
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-1.5%3,8593,9183,7533,2173,249
  Current Assets-0.5%1,7541,7621,8381,1501,232
    Cash Equivalents16.0%522450486185262
  Inventory6.5%242227219199183
  Goodwill0%359359359359359
  Current Liabilities-2.0%381389323341319
Shareholder's Equity-13.5%2,1102,4392,3902,3792,039
  Retained Earnings0.2%-1,760.50-1,764.00-1,796.40-1,729.90-1,633.20
  Additional Paid-In Capital-7.7%3,9024,2284,2054,1103,671
Shares Outstanding0.3%124124124124116
Float-13,632----
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations32.3%-104.40-154.20-173.40-194.60-188.40
  Share Based Compensation12.2%6861585654
Cashflow From Investing34.5%-256.20-391.00-487.10-482.30-464.60
Cashflow From Financing0.9%621616615475478

Risks

What is the probability of a big loss on WOLF?

85.4%


Probability that WOLFSPEED stock will be more than 20% underwater in next one year

75%


Probability that WOLFSPEED stock will be more than 30% underwater in next one year.

20%


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.

Returns

Cumulative Returns on WOLF

9.5%


10-Year Cumulative Returns

17.4%


7-Year Cumulative Returns

18.3%


5-Year Cumulative Returns

21.9%


3-Year Cumulative Returns

What are the long-term rolling returns for WOLF?

FIve years rolling returns for WOLFSPEED.

Which funds bought or sold WOLF recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
NEW
-
131,000
131,000
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,975,000
1,975,000
0.02%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
6.5
233,000
550,000
0.02%
2022-11-22
CVA Family Office, LLC
-
-
-
-
-%
2022-11-22
Capital Impact Advisors, LLC
-
-
79,000
215,000
0.21%
2022-11-21
Sunbelt Securities, Inc.
NEW
-
207,000
207,000
0.04%
2022-11-21
Parallax Volatility Advisers, L.P.
ADDED
122.93
9,186,000
12,678,000
0.02%
2022-11-21
FourThought Financial, LLC
NEW
-
1,000
1,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
5,906,000
15,751,000
0.03%
2022-11-18
Future Fund LLC
NEW
-
217,000
217,000
0.44%

1–10 of 44

Latest Funds Activity

Are funds buying WOLF calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own WOLF

WOLFSPEED News

GuruFocus.com

Wolfspeed To Participate in Up.9 hours ago

WOLF Fair Value

Recent SEC filings of WOLFSPEED

View All Filings
Date Filed Form Type Document
Nov 21, 2022
4
Insider Trading
Nov 21, 2022
8-K
Current Report
Nov 17, 2022
8-K
Current Report
Nov 16, 2022
8-K
Current Report
Nov 16, 2022
8-K
Current Report
Nov 03, 2022
4
Insider Trading
Nov 01, 2022
4
Insider Trading
Oct 31, 2022
8-K
Current Report
Oct 27, 2022
10-Q
Quarterly Report
Oct 26, 2022
8-K
Current Report

Latest Insider Trading transactions for WOLF

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-
2022-10-28
REPLOGLE JOHN B
ACQUIRED
23,680.3
87.06
272
-
2022-09-01
Hodge John C
ACQUIRED
-
-
2,122
-
2022-09-01
HOSEIN CLYDE
ACQUIRED
-
-
2,122
-
2022-09-01
LE DUY LOAN T
ACQUIRED
-
-
2,122
-
2022-09-01
JACKSON DARREN R
ACQUIRED
-
-
2,122
-
2022-09-01
Dorchak Glenda
ACQUIRED
-
-
2,122
-

1–10 of 36

Gregg A. Lowe
3470
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

2022-09-25
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Sep. 25, 2022
Sep. 26, 2021
Income Statement [Abstract]  
Revenue, net$ 241.3$ 156.6
Cost of revenue, net161.4107.2
Gross profit79.949.4
Operating expenses:  
Research and development55.249.9
Sales, general and administrative55.049.0
Amortization or impairment of acquisition-related intangibles2.93.6
Loss (gain) on disposal or impairment of other assets0.1(0.2)
Other operating expense42.412.8
Operating loss(75.7)(65.7)
Non-operating (income) expense, net(49.7)4.1
Loss before income taxes(26.0)(69.8)
Income tax expense0.20.3
Net loss$ (26.2)$ (70.1)
Basic and diluted loss per share  
Net loss, basic (USD per share)$ (0.21)$ (0.60)
Net loss, diluted (USD per share)$ (0.21)$ (0.60)
Weighted average shares - basic (shares)124,035115,919
Weighted average shares - diluted (shares)124,035115,919

WOLF Balance Sheet

2022-09-25
UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 25, 2022
Jun. 26, 2022
Current assets:  
Cash and cash equivalents$ 521.6$ 449.5
Short-term investments675.6749.3
Total cash, cash equivalents and short-term investments1,197.21,198.8
Accounts receivable, net158.6150.2
Inventories241.8227.0
Income taxes receivable0.61.3
Prepaid expenses30.632.1
Other current assets123.8151.4
Current assets held for sale1.61.6
Total current assets1,754.21,762.4
Property and equipment, net1,529.51,481.1
Goodwill359.2359.2
Intangible assets, net122.7125.4
Long-term receivables2.9104.7
Deferred tax assets1.01.0
Other assets89.083.7
Total assets3,858.53,917.5
Current liabilities:  
Accounts payable and accrued expenses307.1307.7
Accrued contract liabilities37.437.0
Income taxes payable9.111.6
Finance lease liabilities0.40.5
Other current liabilities26.831.7
Total current liabilities380.8388.5
Long-term liabilities:  
Convertible notes, net1,300.81,021.6
Deferred tax liabilities3.43.2
Finance lease liabilities - long-term9.59.6
Other long-term liabilities54.455.3
Total long-term liabilities1,368.11,089.7
Commitments and contingencies
Shareholders’ equity:  
Preferred stock, par value $0.01; 3,000 shares authorized at September 25, 2022 and June 26, 2022; none issued and outstanding0.00.0
Common stock, par value $0.00125; 200,000 shares authorized at September 25, 2022 and June 26, 2022; 124,210 and 123,795 shares issued and outstanding at September 25, 2022 and June 26, 2022, respectively0.20.2
Additional paid-in-capital3,902.24,228.4
Accumulated other comprehensive loss(32.3)(25.3)
Accumulated deficit(1,760.5)(1,764.0)
Total shareholders’ equity2,109.62,439.3
Total liabilities and shareholders’ equity$ 3,858.5$ 3,917.5