Wolfspeed (NYSE:WOLF – Get Rating) had its target price lowered by Wells Fargo & Company from $130.00 to $100.00 in a research note issued to investors on Monday, Stock Target Advisor reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 48.10% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. Oppenheimer upgraded Wolfspeed to an “outperform” rating and set a $105.00 price target on the stock in a research note on Thursday, June 2nd. Citigroup decreased their price target on Wolfspeed from $125.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, May 26th. Finally, The Goldman Sachs Group upgraded Wolfspeed to a “buy” rating and decreased their price target for the stock from $125.00 to $108.00 in a research note on Friday, June 24th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $119.00.
Wolfspeed stock traded down $2.48 during mid-day trading on Monday, hitting $67.52. The company’s stock had a trading volume of 11,960 shares, compared to its average volume of 1,853,841. Wolfspeed has a 1 year low of $58.07 and a 1 year high of $142.33. The stock’s fifty day moving average is $71.45 and its two-hundred day moving average is $91.73.
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%!
When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
Wolfspeed (NYSE:WOLF – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.06. The business had revenue of $188.00 million during the quarter, compared to analysts’ expectations of $190.44 million.
Wolfspeed Company Profile (Get Rating)
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.
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