Summary by Moomoo AI
BlackRock, Inc., a major investment management corporation based in Delaware, has filed an amended Schedule 13G with the Securities and Exchange Commission on January 23, 2024, indicating a significant ownership stake in Wolfspeed, Inc. According to the filing, BlackRock now holds 16,750,172 shares of Wolfspeed's common stock, which represents 13.3% of the company's total class of securities. This position gives BlackRock sole voting power over 16,326,006 shares and sole dispositive power over the entire 16,750,172 shares. The filing, which is required due to the size of BlackRock's ownership stake as of December 31, 2023, asserts that the shares were acquired in the ordinary course of business and not with the purpose of changing or influencing the control of Wolfspeed. The document also lists various subsidiaries of BlackRock that own 5% or greater of the outstanding shares of Wolfspeed's common stock.