we are wolfspeed. we have spent nearly 30 years as part of cree inc., building the future with market-leading wide bandgap semiconductor products for the transportation, industrial and electronics, energy and communications markets. from young and ambitious roots in north carolina’s research triangle park, we have grown into a world-renowned, commercial supplier of the fastest, most efficient semiconductor components ever available, enabling greater efficiency and performance, smaller systems and lower costs.
Company profile
Ticker
WOLF
Exchange
Website
CEO
Charles Swoboda
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CREE INC, CREE RESEARCH INC /NC/, CREE, INC.
SEC CIK
Corporate docs
Subsidiaries
Cree Hong Kong Limited • Cree Huizhou Solid State Lighting Company Limited ...
IRS number
561572719
WOLF stock data
Latest filings (excl ownership)
10-Q
2024 Q3
Quarterly report
2 May 24
8-K
Wolfspeed Reports Financial Results for the Third Quarter of Fiscal Year 2024
1 May 24
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
4 Mar 24
10-Q
2024 Q2
Quarterly report
1 Feb 24
8-K
Wolfspeed Reports Financial Results for the Second Quarter of Fiscal Year 2024
31 Jan 24
8-K
Wolfspeed Completes Sale of RF Business to Macom
4 Dec 23
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Nov 23
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Nov 23
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Nov 23
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Nov 23
Transcripts
WOLF
Earnings call transcript
2024 Q3
1 May 24
WOLF
Earnings call transcript
2024 Q2
31 Jan 24
WOLF
Earnings call transcript
2024 Q1
30 Oct 23
WOLF
Earnings call transcript
2023 Q4
16 Aug 23
WOLF
Earnings call transcript
2023 Q3
26 Apr 23
WOLF
Earnings call transcript
2023 Q2
25 Jan 23
WOLF
Earnings call transcript
2023 Q1
27 Oct 22
WOLF
Earnings call transcript
2022 Q4
17 Aug 22
WOLF
Earnings call transcript
2022 Q3
5 May 22
WOLF
Earnings call transcript
2022 Q2
27 Jan 22
Latest ownership filings
SC 13G
NORGES BANK
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
Capital International Investors
9 Feb 24
SC 13G/A
Capital Research Global Investors
9 Feb 24
4/A
JOHN B REPLOGLE
6 Feb 24
4
Stacy J Smith
6 Feb 24
4
John C Hodge
6 Feb 24
4
DARREN R JACKSON
5 Feb 24
4
JOHN B REPLOGLE
5 Feb 24
4
Stacy J Smith
5 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Jun 23 | Jun 22 | Jun 21 | Jun 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.76 bn | 1.76 bn | 1.76 bn | 1.76 bn | 1.76 bn | 1.76 bn |
Cash burn (monthly) | (no burn) | (no burn) | 31.63 mm | 33.32 mm | 49.13 mm | 23.11 mm |
Cash used (since last report) | n/a | n/a | 231.46 mm | 243.78 mm | 359.51 mm | 169.08 mm |
Cash remaining | n/a | n/a | 1.53 bn | 1.52 bn | 1.40 bn | 1.59 bn |
Runway (months of cash) | n/a | n/a | 48.4 | 45.6 | 28.5 | 68.9 |
Institutional ownership, Q4 2023
2.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 67 |
Opened positions | 6 |
Closed positions | 343 |
Increased positions | 21 |
Reduced positions | 17 |
13F shares | Current |
---|---|
Total value | 93.10 bn |
Total shares | 2.84 mm |
Total puts | 167.10 k |
Total calls | 31.50 k |
Total put/call ratio | 5.3 |
Largest owners | Shares | Value |
---|---|---|
FengHe Fund Management Pte. | 1.43 mm | $62.27 bn |
Rheos Capital Works | 397.50 k | $17.30 mm |
Raymond James & Associates | 158.82 k | $6.91 bn |
New York State Teachers Retirement System | 143.00 k | $6.22 mm |
Iridian Asset Management | 106.89 k | $4.65 bn |
Mirae Asset Global Investments | 106.02 k | $4.61 bn |
Mutual Of America Capital Management | 77.43 k | $3.37 bn |
DekaBank Deutsche Girozentrale | 60.00 k | $2.70 mm |
China Universal Asset Management | 36.35 k | $1.58 mm |
Arizona State Retirement System | 35.02 k | $1.52 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Feb 24 | Smith Stacy J | COMMON STOCK | Grant | Acquire A | No | No | 28.12 | 711 | 19.99 k | 18,175 |
6 Feb 24 | Hodge John C | COMMON STOCK | Grant | Acquire A | No | No | 28.12 | 377 | 10.60 k | 24,686 |
2 Feb 24 | Smith Stacy J | COMMON STOCK | Buy | Acquire P | No | No | 26.3511 | 9,450 | 249.02 k | 17,464 |
2 Feb 24 | Jackson Darren R | COMMON STOCK | Buy | Acquire P | No | No | 25.7954 | 10,000 | 257.95 k | 49,021 |
2 Feb 24 | John B Replogle | COMMON STOCK | Buy | Acquire P | No | No | 26.0358 | 10,000 | 260.36 k | 96,788 |
News
Citigroup Maintains Neutral on Wolfspeed, Lowers Price Target to $25
2 May 24
Canaccord Genuity Maintains Buy on Wolfspeed, Lowers Price Target to $47
2 May 24
William Blair Downgrades Wolfspeed to Market Perform
2 May 24
Wolfspeed Analysts Slash Their Forecasts Following Q3 Results
2 May 24
QUALCOMM To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Thursday
2 May 24
Press releases
Wolfspeed Reports Financial Results for the Third Quarter of Fiscal Year 2024
1 May 24
Wolfspeed Comments on Letter from JANA Partners
22 Apr 24
Wolfspeed, Inc. Announces Date of Fiscal Third Quarter Earnings Call for May 1, 2024
17 Apr 24
Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors
2 Apr 24
Wolfspeed Tops Out World's Largest, Most Advanced Silicon Carbide Facility Alongside Senator Thom Tillis, Key Officials
26 Mar 24