Swing traders looking to grab a quick profit should turn their eyes toward semiconductor specialist Wolfspeed (NYSE:WOLF). Offering silicon carbide and other critical materials necessary to produce components for the radio frequency and power industries, WOLF stock essentially represents a stagehand investment: It’s not the headline act, but it keeps the show running.However, Wolfspeed is financially volatile. For example, in the second quarter of 2023, the company posted a loss per share of 42 cents. That ...

Wolfspeed Inc (NYSE:WOLF) stock is down 4.9% to trade at $26.38 at last check, after a downgrade from Wells Fargo to "equal weight" from "overweight," and a price-target cut to $30 from $55. The analyst in coverage noted weaker-than-expected demand for silicon carbide devices, higher supplies, and the company's lack of profitability.The security has struggled with a ceiling at the $30 level since February, while pressure from its 60-day moving average has been in place since January. While the shares manage ...

Wolfspeed (WOLF) closed the latest trading day at $26.08, indicating a +0.19% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.65%. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq lost 0.96%.Shares of the maker of energy-efficient lighting have depreciated by 7.1% over the course of the past month, underperforming the Computer and Technology sector's gain of 2.19% and the S&P 500's gain of 3.27%.The upcoming earnings release of Wolfspeed ...

The latest trading session saw Wolfspeed (WOLF) ending at $28.07, denoting a +0.32% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.11%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq lost 0.41%.Shares of the maker of energy-efficient lighting witnessed a loss of 3.58% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.42% and the S&P 500's gain of 2.7%.The upcoming earnings release of Wolfspeed will ...

Wolfspeed signs first apprentice for Registered Apprenticeship Program to support workforce development for its Mohawk Valley Fab HANOVER, Md., March 4, 2024 /PRNewswire/ -- Today the National Institute for Innovation and Technology and the United States Department of Labor (USDOL) applauded U.S. semiconductor manufacturing company Wolfspeed for the establishment of its New York Registered Apprenticeship Program (RAP). As the nation's leader in semiconductor talent pipeline development, the Institute serves ...

A month has gone by since the last earnings report for Wolfspeed (WOLF) . Shares have lost about 7.5% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Wolfspeed due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Wolfspeed Reports Loss in Q2 Earnings, Revenues Up Y/Y ...

Wolfspeed (WOLF) closed the latest trading day at $26.02, indicating a +1.84% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.52%. On the other hand, the Dow registered a gain of 0.12%, and the technology-centric Nasdaq increased by 0.9%.Coming into today, shares of the maker of energy-efficient lighting had lost 21.51% in the past month. In that same time, the Computer and Technology sector gained 1.9%, while the S&P 500 gained 3.85%.The invest ...

Wolfspeed (WOLF) reported a second-quarter fiscal 2024 non-GAAP loss of 55 cents per share, narrower than the Zacks Consensus Estimate of a loss of 63 cents per share but broader than the year-ago quarter’s loss of 11 cents per share.Revenues of $208.4 million increased 20% year over year and beat the consensus mark by 1.19%. Mohawk Valley Fab contributed $12 million in revenues in the reported quarter.Power Products accounted for 51.7%, while Materials Products contributed 48.3%. Power Products revenues in ...

Wolfspeed, Inc. (NYSE:WOLF) Q2 2024 Earnings Conference Call January 31, 2024 5:00 PM ET Company Participants Tyler Gronbach - Vice President of External Affairs Gregg Lowe - President and Chief Executive Officer Neill Reynolds - Chief Financial Officer Conference Call Participants Brian Lee - Goldman Sachs Samik Chatterjee - JPMorgan Jonathan Dorsheimer - William Blair Gary Mobley - Wells Fargo Harsh Kumar - Piper Sandler Jack Egan - Charter Equity Research Joshua Buchalter - TD Cowen Vivek Arya - Bank of ...

Wolfspeed (WOLF) came out with a quarterly loss of $0.55 per share versus the Zacks Consensus Estimate of a loss of $0.63. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.70%. A quarter ago, it was expected that this maker of energy-efficient lighting would post a loss of $0.68 per share when it actually produced a loss of $0.53, delivering a surprise of 22.06%.Over the last four quarters, the ...