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WOLFSPEED, INC. Stock Research

WOLF

51.20USD+3.26(+6.80%)Market Closed

Market Summary

USD51.20+3.26
Market Closed
6.80%

WOLF Alerts

WOLF Stock Price

WOLF RSI Chart

WOLF Valuation

Market Cap

6.4B

Price/Earnings (Trailing)

-34.59

Price/Sales (Trailing)

6.97

EV/EBITDA

-72.47

Price/Free Cashflow

-8.37

WOLF Price/Sales (Trailing)

WOLF Profitability

EBT Margin

-34.43%

Return on Equity

-8.49%

Return on Assets

-2.83%

Free Cashflow Yield

-11.95%

WOLF Fundamentals

WOLF Revenue

Revenue (TTM)

914.6M

Revenue Y/Y

21.65%

Revenue Q/Q

5.83%

WOLF Earnings

Earnings (TTM)

-184.2M

Earnings Y/Y

-49.62%

Earnings Q/Q

-9.46%

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

Current Ratio

6.71

WOLF Investor Care

Shares Dilution (1Y)

0.68%

Diluted EPS (TTM)

-1.45

Financials for WOLFSPEED

Income Statement (Last 12 Months)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue4.7%914,600,000873,900,000830,900,000746,200,000663,500,000
Gross Profit1.4%293,800,000289,700,000279,800,000249,300,000214,200,000
  S&GA Expenses4.1%226,200,000217,200,000209,500,000203,500,000195,100,000
  R&D Expenses3.8%216,500,000208,500,000201,700,000196,400,000193,300,000
EBITDA1.1%-129,700,000-131,200,000-208,200,000--
EBITDA Margin11.2%-0.16-0.18-0.31--
Earnings Before Taxes21.6%-286,100,000-364,700,000---
EBT Margin10.2%-0.34-0.38-0.55--
Interest Expenses35.0%34,700,00025,700,00023,200,00025,100,00026,300,000
Net Income-21.8%-184,200,000-151,200,000-157,000,000-200,900,000-380,900,000
Net Income Margin8.4%-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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets2.1%5,4555,3433,8593,9183,753
  Current Assets-7.6%2,8493,0841,7541,7621,838
    Cash Equivalents-26.7%7951,085522450486
  Inventory8.4%289267242227219
  Goodwill0%359359359359359
  Current Liabilities32.0%607460381389323
Shareholder's Equity-4.1%1,7071,7802,1102,4392,390
  Retained Earnings-5.4%-1,950-1,851-1,760-1,764-1,796
  Additional Paid-In Capital0.6%3,6813,6603,9024,2284,205
Shares Outstanding0.0%124124124124124
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations12.5%-121-138-104-154-173
  Share Based Compensation5.9%79.0074.0068.0061.0058.00
Cashflow From Investing1.5%-1,013-1,029-256-391-487
Cashflow From Financing-30.2%1,4452,068621616615

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 ascendingFund NameType% 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%

1–10 of 38

Latest Funds Activity

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

WOLFSPEED News

Business Wire
Cirrus Logic Nominates Duy-Loan T. Le for Election to Board of ....
Business Wire,
2 days ago
Investor's Business Daily
The Motley Fool
InvestorsObserver

Schedule 13G FIlings of WOLFSPEED

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 42

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

2023-03-26
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended9 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, net160.6124.0471.2347.3
Gross profit68.164.0214.9170.4
Operating expenses:    
Research and development56.148.1168.3148.2
Sales, general and administrative60.551.5171.2148.5
Amortization or impairment of acquisition-related intangibles2.63.48.310.6
Loss (gain) on disposal or impairment of other assets1.7(0.6)1.9(0.3)
Other operating expense49.123.9134.152.3
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 expense0.50.41.18.7
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)124,439123,597124,273118,917
Weighted average shares - diluted (shares)124,439123,597124,273118,917

WOLF Balance Sheet

2023-03-26
UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 26, 2023
Jun. 26, 2022
Current assets:  
Cash and cash equivalents$ 795.1$ 449.5
Short-term investments1,453.1749.3
Total cash, cash equivalents and short-term investments2,248.21,198.8
Accounts receivable, net164.0150.2
Inventories288.9227.0
Income taxes receivable1.11.3
Prepaid expenses34.632.1
Other current assets112.0151.4
Current assets held for sale0.01.6
Total current assets2,848.81,762.4
Property and equipment, net1,904.01,481.1
Goodwill359.2359.2
Intangible assets, net118.0125.4
Long-term receivables2.7104.7
Deferred tax assets1.01.0
Other assets221.083.7
Total assets5,454.73,917.5
Current liabilities:  
Accounts payable and accrued expenses522.2307.7
Accrued contract liabilities41.537.0
Income taxes payable9.511.6
Finance lease liabilities0.50.5
Other current liabilities33.531.7
Total current liabilities607.2388.5
Long-term liabilities:  
Convertible notes, net3,023.31,021.6
Deferred tax liabilities3.73.2
Finance lease liabilities - long-term9.39.6
Other long-term liabilities104.455.3
Total long-term liabilities3,140.71,089.7
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 outstanding0.00.0
Common stock, par value $0.00125; 200,000 shares authorized at March 26, 2023 and June 26, 2022; 124,437 and 123,795 shares issued and outstanding at March 26, 2023 and June 26, 2022, respectively0.20.2
Additional paid-in-capital3,680.64,228.4
Accumulated other comprehensive loss(23.1)(25.3)
Accumulated deficit(1,950.9)(1,764.0)
Total shareholders’ equity1,706.82,439.3
Total liabilities and shareholders’ equity$ 5,454.7$ 3,917.5