Goldman Sachs analyst Brian K. Lee maintained a Buy rating on Wolfspeed (WOLF – Research Report) today. The company’s shares closed yesterday at $25.97.
K. Lee covers the Technology sector, focusing on stocks such as SunPower, Wolfspeed, and SolarEdge Technologies. According to TipRanks, K. Lee has an average return of 2.7% and a 45.82% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wolfspeed with a $41.88 average price target.
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WOLF market cap is currently $2.99B and has a P/E ratio of -4.25.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WOLF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Wolfspeed (WOLF) Company Description:
Cree, Inc. is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. It operates through the following segments: Wolfspeed, LED Products, and Lighting Products. The Wolfspeed segment products consists of silicon carbide (SiC) and gallium nitride (GaN) materials, power devices and RF devices based on silicon (Si) and wide bandgap semiconductor materials. The LED Products segment includes LED chips, LED components and SiC materials. The Lighting Products segment consists of LED lighting systems and bulbs for the commercial, industrial and consumer markets. The Power and RF Products segment includes power devices and RF devices. The company was founded by Calvin H. Carter Jr., John W. Palmour, F. Neal Hunter, Eric Hunter, and John Edmond in 1987 and is headquartered in Durham, NC.
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