Wolfspeed (WOLF)

Company Profile

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

NYSE

Website

www.cree.com/

CEO

Charles Swoboda

Incorporated

North Carolina

Location

North Carolina

Fiscal year end

Jun 25

Sector

Manufacturing > Semiconductor and Related Device Manufacturing

Industry (SIC)

Semiconductors & Related Devices

Intel • Broadcom • Texas Instruments • Micron Technology • Marvell Technology • ST Microelectronics - New York Shares • NXP Semiconductors • Analog Devices • NVIDIA • Yingli Green Energy Holding ...

Former names

CREE INC, CREE RESEARCH INC /NC/, CREE, INC.

SEC CIK

0000895419

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Cree Hong Kong Limited • Cree Huizhou Solid State Lighting Company Limited ...

IRS number

561572719

WOLF stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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ARS

2023 FY

Annual report to shareholders

11 Sep 23

DEFA14A

Additional proxy soliciting materials

Financial Statements and Exhibits

Entry into a Material Definitive Agreement

22 Aug 23

8-K

Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2023

Correspondence with SEC

11 Aug 23

Transcripts

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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

WOLF

Earnings call transcript

2022 Q1

28 Oct 21

WOLF

Earnings call transcript

2021 Q4

18 Aug 21

WOLF

Earnings call transcript

2021 Q3

29 Apr 21

Latest ownership filings

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Financial summary

Financial statements Chart WOLF financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
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)	37.23 mm	31.72 mm	17.30 mm	11.88 mm
Cash used (since last report)	n/a	n/a	110.95 mm	94.51 mm	51.55 mm	35.41 mm
Cash remaining	n/a	n/a	1.65 bn	1.66 bn	1.71 bn	1.72 bn
Runway (months of cash)	n/a	n/a	44.2	52.4	98.6	144.9

Beta Read what these cash burn values mean

Financial data from Wolfspeed earnings reports.

Institutional ownership, Q2 2023

WOLF institutional ownership history Ownership history

0.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1	470	-99.8%
Opened positions	1	57	-98.2%
Closed positions	470	81	+480.2%
Increased positions	0	161	EXIT
Reduced positions	0	168	EXIT

13F shares	Current	Prev Q	Change
Total value	2.50 mm	8.72 tn	-100.0%
Total shares	44.92 k	134.40 mm	-100.0%
Total puts	0.00	1.61 mm	EXIT
Total calls	0.00	1.83 mm	EXIT
Total put/call ratio	–	0.9	–

Largest owners	Shares	Value	Change
Loomis Sayles & Co L P	44.92 k	$2.50 mm	NEW

Largest transactions	Bought/sold	Change
BLK Blackrock	-17.24 mm	EXIT
Capital Research Global Investors	-15.70 mm	EXIT
Capital International Investors	-12.69 mm	EXIT
Vanguard	-12.01 mm	EXIT
Capital World Investors	-7.30 mm	EXIT
Clearbridge Advisors	-5.62 mm	EXIT
JPM JPMorgan Chase & Co.	-5.13 mm	EXIT
STT State Street	-4.51 mm	EXIT
BAC Bank Of America	-1.91 mm	EXIT
Primecap Management	-1.86 mm	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

WOLF insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
18 Sep 23	Lowe Gregg A	COMMON STOCK	Payment of exercise	Dispose F	No	No	45.93	24,235	1.11 mm	601,414
18 Sep 23	Lowe Gregg A	COMMON STOCK	Grant	Acquire A	No	No	0	54,533	0.00	625,649
23 Aug 23	Le Duy Loan T	COMMON STOCK	Buy	Acquire P	Yes	No	47.0136	5,000	235.07 k	10,000
18 Aug 23	Hodge John C	COMMON STOCK	Grant	Acquire A	No	No	44.1	255	11.25 k	18,594
14 Aug 23	Lowe Gregg A	COMMON STOCK	Payment of exercise	Dispose F	No	No	63.25	8,598	543.82 k	571,116
14 Aug 23	Lowe Gregg A	COMMON STOCK	Grant	Acquire A	No	No	0	24,680	0.00	579,714
14 Aug 23	Reynolds Neill	COMMON STOCK	Payment of exercise	Dispose F	No	No	63.25	2,742	173.43 k	171,866
14 Aug 23	Reynolds Neill	COMMON STOCK	Grant	Acquire A	No	No	0	6,170	0.00	174,608