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.
Company profile
Ticker
WOLF
Exchange
Website
CEO
Mr. Gregg A. Lowe
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
Analyst ratings and price targets
Latest filings (excl ownership)
ARS
2024 FY
Annual report to shareholders
21 Oct 24
DEFA14A
Additional proxy soliciting materials
17 Oct 24
DEF 14A
Definitive proxy
17 Oct 24
8-K
Entry into a Material Definitive Agreement
16 Oct 24
8-K
Wolfspeed Nominates Thomas Seifert and Woody Young to Board of Directors
16 Oct 24
8-K
Entry into a Material Definitive Agreement
15 Oct 24
10-K
2024 FY
Annual report
22 Aug 24
8-K
Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2024
21 Aug 24
SD
Conflict minerals disclosure
31 May 24
10-Q
2024 Q3
Quarterly report
2 May 24
Transcripts
WOLF
Earnings call transcript
2024 Q4
21 Aug 24
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 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
Latest ownership filings
Financial summary
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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) | 1.05 bn | 1.05 bn | 1.05 bn | 1.05 bn | 1.05 bn | 1.05 bn |
Cash burn (monthly) | 32.17 mm | 59.26 mm | 48.63 mm | 37.11 mm | 79.83 mm | 60.47 mm |
Cash used (since last report) | 120.79 mm | 222.52 mm | 182.62 mm | 139.34 mm | 299.78 mm | 227.06 mm |
Cash remaining | 925.11 mm | 823.38 mm | 863.28 mm | 906.56 mm | 746.12 mm | 818.84 mm |
Runway (months of cash) | 28.8 | 13.9 | 17.8 | 24.4 | 9.3 | 13.5 |
Institutional ownership, Q2 2024
13F holders | Current |
---|---|
Total holders | 351 |
Opened positions | 43 |
Closed positions | 63 |
Increased positions | 113 |
Reduced positions | 115 |
13F shares | Current |
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Total value | 3.12 tn |
Total shares | 140.16 mm |
Total puts | 13.03 mm |
Total calls | 9.43 mm |
Total put/call ratio | 1.4 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 13.52 mm | $307.79 bn |
BLK BlackRock | 13.23 mm | $301.06 bn |
Capital International Investors | 12.61 mm | $286.90 bn |
Capital Research Global Investors | 11.75 mm | $267.52 bn |
Ubs Global Asset Management Americas | 7.12 mm | $162.10 bn |
JANA Partners Management | 6.17 mm | $140.34 bn |
Primecap Management | 6.05 mm | $137.59 bn |
STT State Street | 5.44 mm | $123.79 bn |
Clearbridge Advisors | 4.60 mm | $104.65 bn |
Capital World Investors | 3.18 mm | $72.32 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 Aug 24 | Hodge John C | COMMON STOCK | Grant | Acquire A | No | No | 12.83 | 828 | 10.62 k | 25,964 |
23 Aug 24 | Smith Stacy J | COMMON STOCK | Grant | Acquire A | No | No | 12.83 | 1,558 | 19.99 k | 20,581 |
1 Aug 24 | Lowe Gregg A | COMMON STOCK | Grant | Acquire A | No | No | 0 | 126,479 | 0.00 | 710,796 |
1 Aug 24 | Lowe Gregg A | COMMON STOCK | Payment of exercise | Dispose F | No | No | 16.43 | 12,334 | 202.65 k | 583,562 |
1 Aug 24 | Reynolds Neill | COMMON STOCK | Grant | Acquire A | No | No | 0 | 50,591 | 0.00 | 209,166 |
1 Aug 24 | Reynolds Neill | COMMON STOCK | Payment of exercise | Dispose F | No | No | 16.43 | 3,291 | 54.07 k | 158,575 |
28 May 24 | Marvin Riley | COMMON STOCK | Buy | Acquire P | No | No | 27.0599 | 1,422 | 38.48 k | 13,297 |
28 May 24 | Marvin Riley | COMMON STOCK | Buy | Acquire P | No | No | 27.0308 | 444 | 12.00 k | 11,875 |
News
Reported Earlier: 'ZF Abandons German Semiconductor Plant With Wolfspeed: HB' - Bloomberg Law
22 Oct 24
10 Information Technology Stocks With Whale Alerts In Today's Session
21 Oct 24
Check Out What Whales Are Doing With WOLF
21 Oct 24
Oklo, CleanSpark And Wolfspeed Are Among Top 7 Mid Cap Gainers Last Week (Oct 14-18): Are The Others In Your Portfolio?
20 Oct 24
Morgan Stanley Maintains Equal-Weight on Wolfspeed, Raises Price Target to $15
16 Oct 24
Press releases
Wolfspeed Nominates Thomas Seifert and Woody Young to Board of Directors
16 Oct 24
Wolfspeed Announces $750M in Proposed Funding from U.S. CHIPS Act and Additional $750M From Investment Group Led By Apollo, Galvanizing Global Leadership in Delivering Next-Generation Silicon Carbide Technology
15 Oct 24
Wolfspeed Unveils Cutting-Edge Silicon Carbide Module Solution to Boost Clean Energy Capacity
9 Sep 24
Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
6 Sep 24
Wolfspeed To Participate in Upcoming Investor Conference
30 Aug 24